ALR.L Regulatory News (ALR)

29 Jun 2006 16:50

Allianz Dresdner Income Gwth IT PLC29 June 2006 Allianz Dresdner Income Growth Investment Trust plc 29 June 2006 The Directors announce that the resolutions to approve the winding-up of AllianzDresdner Income Growth Investment Trust plc (the "Company") and to appoint theLiquidators to implement the scheme of reconstruction of the Company (the "Scheme"), as set out in the Circular to Shareholders dated 18 May 2006, wereduly passed at this morning's extraordinary general meeting. Accordingly theScheme has become effective and the Company has been placed into members'voluntary liquidation with Richard Victor Yerburgh Setchim and Ian ChristopherOakley Smith, both of PricewaterhouseCoopers LLP, being appointed as liquidatorsof the Company. The Company's total assets (including accrued income) as at the CalculationDate, being close of business on 27 June 2006, were £67.5 million. After theretention by the Liquidators of the amounts described in the Circular, theScheme entitlements have been calculated on the following basis: Ordinary Shares The terminal asset value per Ordinary Share is 73.3227 pence. The Merchants Trust PLC Shareholders will receive 0.15367 shares in The Merchants Trust PLC for eachOrdinary Share in the Company in respect of which they elected for The MerchantsTrust PLC option. Cash Ordinary Shareholders will receive 73.3227 pence for each Ordinary Share in theCompany in respect of which they elected or were deemed to have elected forcash. Zero Dividend Preference Shares The final capital entitlement per ZDP Share is 179.68 pence. The Merchants Trust PLC ZDP Shareholders will receive 0.37657 shares in The Merchants Trust PLC for eachZDP Share in the Company in respect of which they elected for The MerchantsTrust PLC option. The Allianz PIMCO Sterling Total Return Fund ZDP Shareholders will receive 1.25677 shares in The Allianz PIMCO Sterling TotalReturn Fund for each ZDP Share in the Company in respect of which they electedfor the Allianz PIMCO Sterling Total Return Fund option. Cash ZDP Shareholders will receive 179.68 pence for each ZDP Share in the Company inrespect of which they elected or were deemed to have elected for cash. Applications have been made to the Financial Services Authority for 1,655,941shares in The Merchants Trust PLC to be admitted to the Official List and to theLondon Stock Exchange for such shares to be admitted to trading on the LondonStock Exchange's market for listed securities. It is expected that Admission will become effective, and that dealings in theMerchants Shares will commence, at 8.00 a.m. on 30 June 2006. It is expected that cheques will be posted, CHAPS payments will be made inrespect of the cash distributions, and certificates for new Merchants shares andcontract notes for Sterling Total Return Fund shares will be despatched, to therelevant shareholders on or as soon as practicable after 30 June 2006. Enquiries: Simon White 020 7065 1539RCM (UK) Ltd David Benda/Kathryn Standley 020 7621 5557Winterflood Investment Trusts This information is provided by RNS The company news service from the London Stock Exchange