Further information regarding forthcoming EGM's
16 October 2010 - 12:49AM
UK Regulatory
TIDMCMAE TIDMCMAU TIDMCMAS
RNS Number : 4952U
CMA Global Hedge PCC Ltd
15 October 2010
CMA GLOBAL HEDGE PCC LIMITED
(the"Company")
FURTHER INFORMATION REGARDING THE COMPANY'S FORTHCOMING EXTRAORDINARY GENERAL
MEETINGS
CASH DISTRIBUTIONS AND CASH PAYMENTS FROM THE ENTITLEMENT POOLS
The forthcoming Extraordinary General Meetings
On 8 October 2010 the Company announced the publication of a Circular,
containing recommended proposals for a voluntary winding-up of the Company and
Notices of two Extraordinary General Meetings to be held on 3 November and 10
November 2010 respectively.
The Board of the Company today further announces that, in light of
representations made by one of the Company's largest Shareholders (holding more
than 25 per cent. of the voting rights in the Company), the Chairman intends to
move a proposal at each of the Extraordinary General Meetings that the relevant
meeting be adjourned indefinitely.
The Board, along with the Company's Investment Manager and Corporate Broker, is
actively considering the Company's options and will communicate further
proposals to Shareholders in due course.
Cash distributions and cash payments
The Board also announces that the Company will make a cash distribution to
Shareholders, by means of a compulsory redemption of Shares, as soon as
practicable following this announcement. The Company will also make cash
payments out of the Company's Entitlement Pools to persons who participated in
the Company's redemption offers of December 2008, March 2009 and June 2009.
Details of the cash distribution and of the cash payments, including as to
amounts, timings and means of settlement, will be announced in due course.
Unless otherwise defined, capitalised terms used in this announcement will have
the same meaning given to such terms in the Circular of the Company dated 8
October 2010.
Enquiries
CMA +1 441 295 5929
Keri Wong
Oriel Securities Limited +44 (0) 20 7710 7600
Joe Winkley
Neil Langford
Oriel Securities Limited are acting exclusively for the Company and no one else
in relation to the matters described in this announcement and will not be
responsible to anyone other than the Company for providing the protections
afforded to clients of Oriel Securities Limited or for giving advice in relation
to this announcement or any transaction or arrangement referred to herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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