TIDMTRMA TIDMTRMU TIDMTTM
RNS Number : 0608X
Thames River Multi Hedge PCC Ltd
08 February 2012
THAMES RIVER MULTI HEDGE PCC LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 41511)
8 February 2012
Results of Extraordinary General Meeting
Further to the publication of the Circular posted to
shareholders on 16 January 2012, the Board of Thames River Multi
Hedge PCC Limited (the "Company") is pleased to announce that the
resolutions for a continuation of the Company, a tender offer for
50 per cent. of each class of share in issue and the renewal of the
Company's buy-back authority were all duly passed. In particular,
the resolution for the continuation of the Company was supported by
over 87% per cent. of those voting.
Accordingly the Company shall proceed with the Tender Offer
under the terms set out in the Circular. Valid tender requests have
been received in respect of 73.4096 per cent. of the Company's
Sterling Shares, 75.2397 per cent. of the Company's Euro Shares and
76.8192 per cent. of the Company's Dollar Shares .
Shareholders (other than Restricted Shareholders) who have made
valid elections to tender their shares shall have their Basic
Entitlement, being 50 per cent. of their holding of Sterling
Shares, Euro Shares and Dollar Shares as at the Record Date of 3
February 2012, met in full.
Excess tenders above the Basic Entitlement will only be
satisfied to the extent that other Shareholders tender less than
their aggregate Basic Entitlement in respect of each class of
shares and will be satisfied on a pro rata basis.
Taking into account all the tenders submitted, Shareholders
tendering in excess of the Basic Entitlement will receive the
percentages of the excess tenders for each of the Sterling, Euro
and Dollar Share classes in relation to elections made to
participate in Tender Offer set out below:
Class of Shares Percentage of election
in excess of 50% entitlement
Sterling Shares 23.52498%
Euro Shares 26.34900%
Dollar Shares 24.80670%
The total number of Shares to be tendered on the Tender Date
from each class of the Company's Shares is as follows:
Sterling shares 41,039,045
Euro shares 875,927
Dollar shares 3,969,274
Shares will be tendered on the Tender Date, at the Tender Price
which is expected to be announced on or around 30 April 2012.
Payment of monies in respect of any successfully tendered
uncertificated Shares will be made via CREST on or before 31 May
2012 and, in the case of successfully tendered certificated Shares,
by cheque on or around the week commencing 4 June 2012.
Tender applications will be rounded down to the nearest whole
number of Shares. The Tender Offer is only available to
shareholders (other than Restricted Shareholders) appearing on the
register of members as at the Record Date and only in respect of
shares held by them at such time.
Shareholders are reminded that all shares tendered are held in
escrow and cannot be switched, sold, transferred, charged or
otherwise disposed of other than in accordance with the Tender
Offer.
Capitalised terms in this announcement shall have the same
meaning as defined in the Circular posted to shareholders on 16
January 2012.
Expected timetable:
Tender Date and calculation date for Tender Price - close of
business on 31 March 2012
Confirmation of the final percentage of elections for further
shares to be satisfied - early April 2012
Tender Price announced - on or around 30 April 2012
Tender monies paid - on or before 31 May 2012 (uncertificated
holdings) / w/c 4 June 2012 (certificated holdings)
A copy of the special resolution passed at the Extraordinary
General Meeting today has been submitted to the National Storage
Mechanism and will shortly be available for inspection at:
www.hemscott.com/nsm.do
Enquiries:
Thames River Capital LLP
Michael Warren Phone: +44 (0) 20 7360 1370
Cenkos Securities plc
Dion Di Miceli Phone: +44 (0) 20 7397 1921
Northern Trust International Fund Administration Services
(Guernsey) Limited
Fraser Hiddelston Phone: +44 (0) 1481 745738
Computershare Investor Services (Jersey) Limited
Shirley Thomas Phone: +44 (0) 1534 281824
The Company is an authorised closed-ended investment scheme
domiciled in Guernsey. As an existing closed-ended fund the Company
is deemed to be granted an authorisation declaration in accordance
with section 8 of the Protection of Investors (Bailiwick of
Guernsey) Law 1987, as amended and rule 6.02 of the Authorised
Closed-ended Investment Schemes Rules 2008 on the same date as the
Company obtained consent under the Control of Borrowing (Bailiwick
of Guernsey) Ordinance 1959 to 1989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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