TIDMTORO
RNS Number : 3337U
Toro Limited
23 October 2017
Toro Limited
23 October 2017
Notice of EGM re Scrip Dividend and Name Change
Toro Limited (the "Company") today announces proposals to
introduce a scrip dividend scheme, a dividend currency election and
a change of the Company's name to "Chenavari Toro Income Fund
Limited".
The scrip dividend scheme, which will allow shareholders to
elect to receive new shares in the Company in lieu of cash
dividends, and the change of name are subject to the approval of
shareholders at an extraordinary general meeting ("EGM") to be held
at Old Bank Chambers, La Grande Rue, St Martin's, Guernsey, Channel
Islands, GY4 6RT at 9:30 a.m. on 15 November 2017.
The dividend currency election will permit shareholders to elect
to receive dividends in sterling rather than euros.
Subject to shareholder approval as stated above, the scrip
dividend scheme will be available in respect of the dividend
declared on 20 October 2017 for the period 1 July October to 30
September 2017. The dividend currency election will also be
available in respect of the above dividend.
Shareholders wishing to take the above dividend in scrip or to
make a dividend currency election should follow the procedure set
out in the circular to shareholders that has posted today (the
"Circular"). Notice of the EGM is also set out in the Circular.
Copies of the following documents have been submitted to the
National Storage Mechanism (NSM) and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM:
-- The Circular
-- form of proxy for the EGM
Each of the above mentioned documents are also now available to
view on, and download from the Company's website at
http://www.torolimited.gg/. Neither the NSM website nor the
Company's website nor the content of any website accessible from
hyperlinks on those websites (or any other website) is (or is
deemed to be) incorporated into, or forms (or is deemed to form)
part of this announcement.
Enquiries:
Kirstie Sumarno
Chenavari Investment Managers
Email: tlir@chenavari.com
Telephone: +44 20 7259 3600
Robert Peel
Fidante Capital
Email: rpeel@fidante.com
Telephone: +44 20 7832 0983
IMPORTANT INFORMATION
This document has been issued by Toro, and should not be taken
as an inducement to engage in any investment activity and is for
the purpose of providing information about the Company. This
document does not constitute or form part of, and should not be
construed as, any offer for sale or subscription of, or
solicitation of any offer to buy or subscribe for, any share in the
Company or securities in any other entity, in any jurisdiction,
including the United States, Canada, Japan, South Africa nor shall
it, or any part of it, or the fact of its distribution, form the
basis of, or be relied on in connection with, any contract or
investment decision whatsoever, in any jurisdiction.
This document, and the information contained therein, is not for
viewing, release, distribution or publication in or into the United
States, Canada, Japan, South Africa or any other jurisdiction where
applicable laws prohibit its release, distribution or publication,
and will not be made available to any national, resident or citizen
of the United States, Canada, Japan or South Africa. The
distribution of this document in other jurisdictions may be
restricted by law and persons into whose possession this document
comes must inform themselves about, and observe, any such
restrictions. Any failure to comply with the restrictions may
constitute a violation of the federal securities law of the United
States and the laws of other jurisdictions.
The shares issued and to be issued by the Company (the "Shares")
have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction
of the United States. The Shares may not be offered, sold, resold,
pledged, delivered, distributed or otherwise transferred, directly
or indirectly, into or within the United States, or to, or for the
account or benefit of, US persons (as defined in Regulation S under
the Securities Act). No public offering of the Shares is being made
in the United States.
The Company has not been and will not be registered under the US
Investment Company Act of 1940, as amended (the "Investment Company
Act") and, as such, holders of the Shares will not be entitled to
the benefits of the Investment Company Act. No offer, sale, resale,
pledge, delivery, distribution or transfer of the Shares may be
made except under circumstances that will not result in the Company
being required to register as an investment company under the
Investment Company Act. Neither the U.S. Securities and Exchange
Commission (the "SEC") nor any state securities commission has
approved or disapproved of the Shares or passed upon or endorsed
the merits of the offering of the Shares or the adequacy or
accuracy of the Company's prospectus. Any representation to the
contrary is a criminal offence in the United States. In addition,
the Shares are subject to restrictions on transferability and
resale in certain jurisdictions and may not be transferred or
resold except as permitted under applicable securities laws and
regulations. Investors may be required to bear the financial risks
of their investment in the Shares for an indefinite period of time.
Any failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdictions.
No liability whatsoever (whether in negligence or otherwise)
arising directly or indirectly from the use of this document is
accepted and no representation, warranty or undertaking, express or
implied, is or will be made by the Company, or any of their
respective directors, officers, employees, advisers,
representatives or other agents ("Agents") for any information or
any of the opinions contained herein or for any errors, omissions
or misstatements. None of the Agents makes or has been authorised
to make any representation or warranties (express or implied) in
relation to the Company or as to the truth, accuracy or
completeness of this document, or any other written or oral
statement provided. In particular, no representation or warranty is
given as to the achievement or reasonableness of, and no reliance
should be placed on any, targets, estimates or forecasts contained
in this document and nothing in this document is or should be
relied on as a promise or representation as to the future.
Unless otherwise indicated, the information provided herein is
based on matters as they exist as of the date of preparation and
not as of any future date.
All investments are subject to risk, including the loss of the
principal amount invested. Past performance is no guarantee of
future returns. All investments to be held by the Company involve a
substantial degree of risk, including the risk of total loss. The
value of shares and the income from them is not guaranteed and can
fall as well as rise due to stock market and currency movements.
When you sell your investment you may get back less than you
originally invested. You should always seek expert legal,
financial, tax and other professional advice before making any
investment decision.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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