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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asia Capital | LSE:ASI | London | Ordinary Share | GB00B0742X18 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
The Asian Technology Trust Plc Result of Extraordinary General Meeting The Board of Directors of The Asian Technology Trust plc (the "Company") announces that the two resolutions put forward at the Extraordinary General Meeting of the Company held earlier today were both passed by shareholders. As a result, the Company has been placed into members' voluntary liquidation and Richard Setchim and Ian Oakley Smith, both of PricewaterhouseCoopers, have been appointed as Joint Liquidators with immediate effect to liquidate the Company's affairs, settle the Company's liabilities and return capital to Shareholders. The return of assets to Shareholders will be made in accordance with the Company's articles of association under which Shareholders will receive a sum equal to the surplus assets of the Company available for distribution in proportion to their respective holdings. Shareholders will not receive monies to the extent that they have elected to reinvest their liquidation proceeds in the Asia New Economy Fund, a sub-fund of Investec Global Strategy Fund Limited. All distribution payments will be sent to Shareholders who were on the register of members at close of business on 10 December 2002. The Liquidators will not be able to distribute all the assets of the Company immediately, as funds will have to be retained to meet the Company's existing and potential liabilities. The timing of the first distribution to shareholders will depend on the ability of the Liquidators to trade the Company's portfolio and receive settlement thereof. The Liquidators hope that this will be achieved such that payment will be made shortly after Christmas and will amount to substantially all of the net assets of the Company after the costs of the liquidation. The second distribution, if any, will be made once all of the Company's affairs, including, in particular, its tax affairs, have been settled, and all its liabilities paid. For further information please contact: Heather Williams Investec Investment Management Limited 020 7597 2000 Andrew Zychowski Dresdner Kleinwort Wasserstein 020 7623 8000 END
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