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26 Apr 2010 17:48
26 April 2010
Prodesse Investment Limited
Result of EGM
The Board of Prodesse Investment Limited (the "Company") announces that the resolution proposed in the shareholder circular dated 26 March 2010 (the "Circular") recommending the proposals for the voluntary liquidation of the Company and put to the Extraordinary General Meeting of the Company held today, 26 April 2010, was duly passed by the shareholders of the Company.
Liquidators have now been appointed and it is their expectation that an initial capital distribution will be made on or by 25 May 2010 to Shareholders on the Register at 6.00 p.m. on 23 April 2010. They expect that the initial distribution will be of a sum equivalent to the whole of the Company's net assets of $271 million after provision for the Retention of $50,000.
Any unutilized amount within the Retention will potentially be available for further future distributions to Shareholders. The size and timing of any future distributions will depend on the ongoing costs payable during liquidation and settlement of any unknown or contingent liabilities.
Application has been made for the cancellation of admission of the Company's shares to the Official List and to trading on the London Stock Exchange's main market for listed securities and the Channel Islands Stock Exchange which it is anticipated will take place at 8.00 a.m. on 28 April 2010.
Voting Results
The total number of shares voted was 23,084,566, representing 74.51% of the issued share capital.
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Special Resolution |
For |
Against |
Discretion |
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THAT: (1) the Company be wound up voluntarily pursuant to Section 391(1)(b) of the Companies (Guernsey) Law, 2008 (as amended) and that John Clacy and Nicola Robinson (both of Deloitte LLP) be and are appointed joint liquidators (the "Liquidators") with the power to act jointly and severally for the purpose of such winding up with all powers conferred on them by law, the articles of incorporation or by this resolution, such appointment becoming effective upon the passing of this Resolution;
(2) the remuneration of the Liquidators be fixed on the basis of time spent by them and members of their staff in attending to matters arising prior to and during the winding-up of the Company and the Liquidators be and are hereby authorized to draw such remuneration monthly or at such longer intervals as they may determine and to pay any expenses properly incurred by them; and
(3) the Company's books and records be held by the Company's secretary to the order of the Liquidators.
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23,084,566 |
0 |
0 |
Enquiries:
Joint Liquidators
John Clacy/Nicola Robinson Tel: 01481 724011
BNP Paribas Fund Services (Guernsey) Limited:
Sara Bourne Tel: 01481 750850
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