ACMH Acmh Ltd

RNS Number:9227F
Absolute Capital Mgmt Holdings Ltd
18 October 2007





Absolute Capital Management Holdings Limited
("the "Company")

Funds Update

The Company announces that extraordinary general meetings of Absolute European Catalyst Fund Limited, Absolute Octane 
Fund Limited, Absolute Return Europe Fund Limited and Absolute East West Fund Limited have been called for 27 October 
2007. The meetings will be held at the Courtyard Marriott Hotel, West Bay Road, Grand Cayman, Cayman Islands on 27 
October 2007 commencing at 10:00am (Cayman Islands time). Notices of meeting and proxy materials were sent to fund 
shareholders by the funds' administrator, Fortis Prime Fund Solutions (IOM) Limited, on 17 October 2007.

The purpose of the meetings is to consider and approve the proposed restructuring of the funds on the basis set forth 
in the circular sent to shareholders on 27 September 2007, and specifically, to approve the modification of shareholder 
rights which will result from the implementation of the restructuring. As announced by the Company on 15 October 2007, 
the meetings have been necessitated as a result of the orders of the Grand Court of the Cayman Islands dated 10 October 
2007 and related undertakings given by these funds in respect of petitions filed by Mr. John Bruhl, a shareholder of 
the Absolute European Catalyst Fund Limited and the Absolute Octane Fund Limited.

As the approval of the restructuring proposals will now be put to a vote at the meetings requiring 75% to vote in 
favour, the consent form process set out in the 27 September 2007 circulars sent to investors in the Absolute European 
Catalyst Fund Limited, Absolute Octane Fund Limited Absolute Return Europe Fund Limited and Absolute East West Fund 
Limited will be discontinued in respect of these funds. Investors in the Absolute Octane Fund L.P. and the Absolute 
East West Fund L.P. are however being requested to complete the consent forms as this process remains the operative 
form of approval in respect of the limited partnership funds. The Company wishes to thank those investors who have 
submitted consent forms for their prompt action and support and regrets that the further action is now required to 
approve the proposals.

The Company is encouraged by the indications of support received for the proposed fund restructuring and expects that 
fund shareholders will vote to approve the restructuring proposals at the forthcoming meetings.

Enquiries:

Absolute Capital Management           +34 (971) 765553
Holdings Limited
Jonathan Treacher, CEO

Panmure Gordon                        020 7459 3600
Dominic Morley

Cardew Group                          020 7930 0777
Tim Robertson
Shan Shan Willenbrock
David Roach




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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