29 Jan 2016 17:45
29 January 2016
Chenavari Capital Solutions Limited
("Chenavari Capital Solutions" or the "Company")
Audited Financial Statements ("Report") and Notice of Annual General Meeting ("AGM")
Further to the Company's results announcement dated 14 January 2016, the Directors of Chenavari Capital Solutions confirm that the Report for year ended 30 September 2015 (the "Period") was posted to shareholders on 29 January 2016.
The Company also announces that it has posted a notice to shareholders (the "Letter") including a notice of the forthcoming AGM, to be held on 16 March 2016 at 12.00 noon.
Ordinary Business
The ordinary business of the meeting includes resolutions to receive and adopt the Report, re-elect all directors who are retiring, approve the reappointment of the Auditors, Deloitte LLP, as auditors of the Company and to authorise and agree the remuneration of the Auditors.
In addition the current authority to repurchase ordinary shares in the Company (the "Shares") will terminate at the conclusion of the AGM. Accordingly, shareholders are invited to continue the authority granted by ordinary resolution prior to Admission by authorising the Company to make market purchases of up to 14.99% of the Shares in issue, provided that the maximum price (exclusive of expenses) which may be paid for a Share must not be more than the higher of (i) 105 per cent. of the average of the middle market quotations for a Share (as published by the London Stock Exchange) for the five trading days immediately preceding the day on which the Share is contracted to be purchased; or (ii) the amount stipulated by Article 5(1) of the Buy-back and Stabilisation Regulation. Any such purchase will be carried out in accordance with the Law, which provides inter alia, that any buy-back is subject to the Company passing the solvency test contained in the Law at the relevant time. The minimum price payable per Share is £0.01.
Notice of AGM
Shareholders will find set out at the end of the Letter a notice convening the AGM to be held at 12.00 noon on 16 March 2016 at Old Bank Chambers, La Grande Rue, St Martin's, Guernsey GY4 6RT at which the ordinary resolutions referred to above will be proposed.
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 Report for the Period
· The Letter providing notice of the 2016 AGM
· The Proxy Form for the 2016 AGM
Each of the above mentioned documents are also now available to view on, and download from, the Company's website at http://www.chenavaricapitalsolutions.com/documents. 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 McLaren
Chenavari Investment Managers
Email: clir@chenavari.com
Telephone: +44 20 7259 3600