ACMH Acmh Ltd

RNS Number:5046G
Absolute Capital Mgmt Holdings Ltd
29 October 2007


 

                                                                 
                  Absolute Capital Management Holdings Limited

                                (the "Company")

                Results of Funds' Extraordinary General Meetings

The Company announces that extraordinary general meetings of the Absolute
European Catalyst Fund Limited, Absolute Octane Fund Limited, Absolute Return
Europe Fund Limited and Absolute East West Fund Limited were held on Saturday 27
October 2007 in Grand Cayman, Cayman Islands to consider and approve the
resolutions to implement the proposed restructuring of those funds on the basis
set forth in the circulars sent to shareholders on 27 September 2007.
Implementation of the restructuring proposals required, on a fund by fund basis,
a positive vote of shareholders holding not less than 75% of a fund's shares
represented at its extraordinary general meeting.


The Company confirms that the resolutions to approve the restructuring were
passed at the meetings with the following majorities:


Absolute East West Fund Limited                   95%

Absolute Return Europe Fund Limited               87%

Absolute European Catalyst Fund Limited           86%

Absolute Octane Fund Limited                      76%


The Company further confirms that it has received the consent of limited
partners holding 76% and 91% of limited partnership interests in the Absolute
East West Fund L.P. and the Absolute Octane Fund L.P., respectively. Consent of
two thirds of limited partners was required to implement the limited partnership
funds' restructuring proposals.


The funds will therefore implement their restructuring effective 1 November
2007.


Commenting on the results of the meetings, Jonathan Treacher, Chief Executive
Officer of the Company, said "I am very happy with, and appreciative of, the
support shown for the AbCap team, and am confident that fund investors have
taken a decision which is in the best interests of all stakeholders. Over the
past 6 weeks, we have listened carefully to fund investors' concerns and are
mindful of the challenges ahead. We will work diligently to deliver value for
fund investors through the restructuring process."


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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