IRIS Dcg Iris Stg

TIDMIRIS

RNS Number : 5415S

DCG IRIS Limited

24 September 2014

DCG IRIS (the "Company")

Result of Extraordinary General Meeting

The Board of the Company announces that each of the resolutions put to shareholders at the Extraordinary General Meeting held on 24 September 2014 (the "EGM") were passed.

Accordingly, the Company was put into members' voluntary liquidation after the conclusion of the EGM. It is expected that the redemption proceeds of the Master Fund shares will be received by 30 November 2014 (subject to the Master Fund having certain rights to postpone or defer redemptions).

Monies will be dispatched to Shareholders as soon as practical after receipt of redemption proceeds, as set out in the circular to Shareholders dated 3 September 2014 (the "Circular").

The details of each such resolution are as follows:

 
                         The Chairman advised that the following votes on a poll 
   SPECIAL RESOLUTION     had been received: 
   1                       In Favour    51,071,150 (100%) 
                          -----------  ------------------ 
                           Against      0 
                          -----------  ------------------ 
 
 
                          THAT, the realisation of the Company's investments by the 
                          submission by the Company of a redemption request in respect 
                          of its entire holding in the Master Fund be and is hereby 
                          approved and that the Company be placed into voluntary liquidation 
                          pursuant to section 391(b) of The Companies (Guernsey) Law, 
                          2008 with immediate effect. 
                         The Chairman advised that the following votes on a poll 
   ORDINARY RESOLUTION    had been received: 
   2 
                           In Favour    51,071,150 (100%) 
                          -----------  ------------------ 
                           Against      0 
                          -----------  ------------------ 
 
 
                          THAT, Ashley Charles Paxton and Linda Maree Johnson of KPMG 
                          Channel Islands Limited of 20 New Street, St. Peter Port, 
                          Guernsey GY1 4AN be and they are hereby appointed liquidators 
                          of the Company (the "Liquidator") with power to act jointly 
                          and severally for the purpose of such winding up with all 
                          powers conferred on them by the Law, the articles of incorporation 
                          of the Company or by this resolution, such appointment becoming 
                          effective upon the passing of this resolution and the remuneration 
                          of the Liquidator be fixed on the basis of time spent by 
                          them and members of their staff in attending to matters 
                          arising prior to and during the winding up of the Company 
                          and they be and they are hereby authorised to draw such 
                          remuneration monthly or at such longer intervals as they 
                          may determine, in accordance with the engagement letter 
                          and terms of business issued by KPMG Channel Islands Limited. 
 

In accordance with Listing Rule 9.6.2, a copy of the special resolution above has been forwarded to the National Storage Mechanism.

The full text of the resolution and the Notice of Extraordinary General Meeting is set out in the Circular which may be obtained from the Company's website www.dcg-iris.com.

Enquiries:

Dexion Capital (Guernsey) Limited

   Chris Copperwaite                                  01481 743 940 

Dexion Capital plc

   Ana Haurie/Robert Peel                          020 7832 0900 
 
 
 

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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