Cazenove Absolute Equity Limited Entitlements under the reconstruction (0895K)

TIDMCAEL

RNS Number : 0895K

Cazenove Absolute Equity Limited

15 August 2012

Cazenove Absolute Equity Limited - in voluntary winding up

15 August 2012

Entitlements under the reconstruction proposals

Further to the circular to shareholders dated 4 July 2012 (the "Circular") and the subsequent Annual General Meeting held on 31 July 2012 at which Cazenove Absolute Equity Limited was placed into voluntary winding up and Michael Roland Bane and Patrick Joseph Brazzill of Ernst & Young LLP were appointed as joint liquidators, entitlements under the reconstruction proposals have now been determined.

The Terminal Asset Value per share has been calculated as 132.6914 pence and therefore Rollover Shareholders will receive approximately 1.08311 UK Dynamic Shares for each Rollover Share held. Shareholders who made (or were deemed to have made) an election for the Cash Option will receive 132.6922 pence per Share.

The expected timetable for distributions under the Proposals is set out below:

2012

 
 UK Dynamic Shares issued and contract                  15 August 
  notes despatched 
 Cheques expected to be dispatched to          Week commencing 20 
  Shareholders electing for the Cash                       August 
  Option 
 CREST accounts of Shareholders electing       Week commencing 20 
  for the Cash Option to be credited                       August 
  with cash 
 Listing of Shares cancelled               8.00 a.m. on 31 August 
 

Each of the times and dates in the above expected timetable may be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service provider. All references to times are to London time unless otherwise stated.

The information in this announcement should be read in conjunction with the full text of the Circular. Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Enquiries:

Corporate Broker

David Benda/Nathan Brown - Numis Securities Limited

Tel: [phone]

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: [phone]

Joint liquidators

Chris Bold - Ernst & Young LLP

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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