THIS ANNOUNCEMENT INCLUDES INSIDE
INFORMATION
DW Catalyst Fund Limited (the
"Company")
(a closed-ended investment
collective investment scheme registered and incorporated in
Guernsey with registration number 52520)
Result of
extraordinary general meeting and liquidation of the Company
2 August 2017
The resolutions regarding the proposed liquidation of the
Company proposed at the extraordinary general meeting of the
Company (the “Extraordinary General Meeting”) held earlier today
were both passed on a poll.
Accordingly, Ashley Charles
Paxton and Linda Maree
Johnson of KPMG Channel Islands Limited have now been
appointed as the joint liquidators of the Company with the power to
wind up the Company’s affairs and to realise and distribute its
assets.
The Company will now make applications for the cancellation of
the admission of its shares to listing on the Official List and to
trading on the Main Market of the London Stock Exchange, which
cancellations are expected to take effect on 3 August 2017.
In addition, the Company will now terminate its management
agreement with DW Partners, LP with immediate effect.
The proposed timetable for the liquidation of the Company and
the anticipated distribution of the proceeds of liquidation is as
contained in the shareholder circular regarding the Extraordinary
General Meeting and the announcement made by the Company on 12 July
2017.
The Company received votes representing 77.69% of the shares in
issue as at 2 August 2017 (excluding
any votes received from redeeming Shareholders who became creditors
of the Company on 1 August 2017). The
proxy votes received on each resolution proposed at the
Extraordinary General Meeting were as follows. A vote
withheld is not a vote in law and has not been counted in the votes
for and against a resolution.
|
Special resolution |
For |
Against |
Vote Withheld |
1. |
THAT the Company be wound up voluntarily pursuant
to section 391(b) of the Companies (Guernsey) Law, 2008 (as
amended) (the “Companies Law”). |
2,906,261 |
165,136 |
3,613 |
|
Ordinary resolution |
For |
Against |
Vote Withheld |
2. |
THAT, conditional on the passing of
resolution 1 contained in this notice:
(a) Ashley Charles Paxton
and Linda Maree Johnson of KPMG Channel Islands Limited of Glategny
Court, Glategny Esplanade, St Peter Port, Guernsey GY1 1WR be and
are hereby appointed as joint liquidators of the Company (the
“Joint Liquidators”) and THAT either or both of the Joint
Liquidators be and is hereby empowered to wind up the Company’s
affairs and to realise and distribute its assets in accordance with
the Companies Law; and
(b) the remuneration of
the Joint Liquidators contained in the letter of engagement dated 3
July 2017 be and is hereby approved in accordance with section
395(1)(b) of the Companies (Guernsey) Law, 2008 (as amended). |
2,906,261 |
165,136 |
3,613 |
In accordance with Listing Rule 9.6.3, a copy of the results of
the Extraordinary General Meeting has been submitted to the
National Storage Mechanism and will shortly be available for
inspection at: www.morningstar.co.uk/uk/NSM
Enquiries:
Company website:
www.dwcatalystltd.com
Linda Johnson and Ashley Paxton
Joint Liquidators
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey, GY1 1WR
Tel: +44 (0) 1481
721000
Email: restructuring-ci@kpmg.com