14 Oct 2008 15:23
Trikona Trinity Capital PLC
('Trikona TC' or 'the Company')
Receipt of EGM Requisition
Trikona TC (AIM: TRC) announces that on 13 October 2008 it received a requisition from Carrousel Fund Ltd and Carrousel Fund II Ltd ("Carrousel") to call an extraordinary general meeting of Trikona TC ('EGM') to allow shareholders to vote on the following resolutions:
1. That, Paul Orchard-Lisle be removed as a Director of the Company with immediate effect;
2. That, subject to resolution 1 having been duly passed, Rak Chugh be removed as a Director of the Company with immediate effect;
3. That, Pradeep Verma (a resident of Singapore) be appointed a Director of the Company with immediate effect;
4. That, subject to resolutions 1 and 3 above having been duly passed, Andrzej Sobczak (a resident of the United Kingdom) be appointed a Director of the Company with immediate effect;
5. That, the Directors of the Company are requested to consider (in the light of their duty to act bona fide in the interests of the Company and the wishes of the shareholders as evidenced by the number of votes cast in favour of this resolution) changing the investment policy of the Company to the effect that:
5.1 the Company's existing portfolio of investments shall be realised in an orderly fashion to finance the
return of cash referred to in paragraph 5.2 below; and
5.2 the Company shall immediately instigate a programme of progressively returning cash to
shareholders at or near the prevailing net asset value per share financed from existing available cash
resources and the net proceeds of the realisations referred to in 5.1 above.
As required under the Company's Articles of Association, notification of an EGM, together with the recommendation of the Board, will be posted within 21 days.
Enquiries:
Trikona Trinity Capital PLC +44 207 148 5360
Michael Cassidy, Chairman
Sally Lewis, Director of Investor Relations
Bell Pottinger Corporate & Financial +44 207 861 3232
Mike Davies/ Sarah Williams
Numis Securities +44 207 260 1000
NOMAD: Lee Aston, Head of Corporate Finance
Corporate Broking: Charles Farquhar
Fairfax I.S. PLC +44 207 598 5368
Paul Richards, Head of Corporate Finance
Trinity Capital (TRC)