Result of EGM
06 August 2010 - 12:15AM
UK Regulatory
TIDMAIDU
5 August 2010
The Aida Closed-Ended Fund Limited
Recommended proposals for the mandatory redemption of shares and voluntary
winding-up of the company
The board of the Company announces that the shareholders have today voted in
support of the recommended proposals for the mandatory redemption of shares and
voluntary winding-up of the Company which were announced on 2 July 2010.
The Mandatory Redemption has been completed, with 19 out of every 20 Ordinary
Shares, and all of the Side-Pocket Shares, held by each shareholder being
redeemed. In exchange for these 19 Ordinary Shares being redeemed, a First
Distribution of 18.4 ordinary shares and 0.2 redemption shares in The Aida
Open-Ended Fund Limited has been made. In addition, a First Distribution of one
side-pocket share in The Aida Open-Ended Fund Limited for each Side-Pocket
Share redeemed has been made.
Ashley Charles Paxton and Robert James Kirkby of KPMG Channel Islands Limited
have been appointed as joint liquidators to the Company.
It is currently anticipated that shareholders will receive a statement of their
new Aida Open-Ended Fund shareholdings in the week commencing 9 August 2010,
and that a Final Distribution estimated at a value of approximately US$1 per
remaining Ordinary Share held will be made by the liquidators in the fourth
quarter of 2010.
For further information please contact:
Nicholas Oppenheim
Aida Capital Limited
020 7600 7500
The information in this announcement should be read in conjunction with the
full text of the Circular. Capitalised terms used in this announcement shall,
unless the context otherwise requires, bear the meaning given to them in the
Circular and the announcement of the Company made on 2 July 2010.
Copies of the special resolutions have been submitted to the UK Listing
Authority and will shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel. 020 7066 1000
END
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END
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