Result of EGM (7445B)
24 February 2011 - 3:03AM
UK Regulatory
TIDMCMAE TIDMCMAU TIDMCMAS
RNS Number : 7445B
CMA Global Hedge PCC Ltd
23 February 2011
23 February 2011
RESULTS OF EGM
Background
In a Circular sent to its Shareholders on 28 January 2011, CMA
Global Hedge PCC Limited (the "Company") made proposals, subject to
Shareholder approval at an Extraordinary General Meeting of the
Company convened for 11.00 a.m. on 23 February 2011, for the
voluntary winding up of the Company.
Result of EGM
At the Extraordinary General Meeting of the Company held today
at 11.00 a.m., the Company's Shareholders approved a special
resolution that:
(i) the Company adopt new articles of incorporation appropriate
for its voluntary winding up;
(ii) the Company make an application for the cancellation of the
listing of its Shares on the Official List and of the admission to
trading of the Company's Shares on London Stock Exchange plc's Main
Market for listed securities;
(iii) the Company be wound up voluntarily and that Stephen Le
Page and Nicholas Vermeulen of PricewaterhouseCoopers CI LLP be
appointed as joint liquidators for the purposes of such
winding-up;
(iv) the remuneration of the Joint Liquidators be determined by
reference to the time properly given by them and their staff in
attending to matters prior to and during the winding-up;
(v) the Company's books and records be held by the Company's
secretary to the order of the Joint Liquidators until the expiry of
six years after the dissolution of the Company; and
(vi) that the Company and the Joint Liquidators shall not,
without the approval of the Company's Shareholders given by special
resolution, dispose of any Portfolio assets on the secondary market
unless and until the gross value of the Portfolio is less than $3
million.
100 per cent. of proxy votes cast at the EGM were voted in
favour of the special resolution.
Expected Timetable
Closing of the Company's register 6.00 p.m. on 23 February
and record date for participation 2011
in liquidation distributions
Initial distribution declared week commencing 14 March
2011
Cancellation of the listing of the 8.00 a.m. on 24 March 2011
Shares
Definitions
Unless otherwise defined in this announcement, capitalised terms
shall have the same meaning given to them in the Circular sent by
the Company to its Shareholders on 28 January 2011.
Enquiries
PricewaterhouseCoopers CI LLP
Nick Vermeulen
+44 (0)1481 752 089
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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