Result of EGM (7445B)

TIDMCMAE TIDMCMAU TIDMCMAS

RNS Number : 7445B

CMA Global Hedge PCC Ltd

23 February 2011

23 February 2011

RESULTS OF EGM

Background

In a Circular sent to its Shareholders on 28 January 2011, CMA Global Hedge PCC Limited (the "Company") made proposals, subject to Shareholder approval at an Extraordinary General Meeting of the Company convened for 11.00 a.m. on 23 February 2011, for the voluntary winding up of the Company.

Result of EGM

At the Extraordinary General Meeting of the Company held today at 11.00 a.m., the Company's Shareholders approved a special resolution that:

(i) the Company adopt new articles of incorporation appropriate for its voluntary winding up;

(ii) the Company make an application for the cancellation of the listing of its Shares on the Official List and of the admission to trading of the Company's Shares on London Stock Exchange plc's Main Market for listed securities;

(iii) the Company be wound up voluntarily and that Stephen Le Page and Nicholas Vermeulen of PricewaterhouseCoopers CI LLP be appointed as joint liquidators for the purposes of such winding-up;

(iv) the remuneration of the Joint Liquidators be determined by reference to the time properly given by them and their staff in attending to matters prior to and during the winding-up;

(v) the Company's books and records be held by the Company's secretary to the order of the Joint Liquidators until the expiry of six years after the dissolution of the Company; and

(vi) that the Company and the Joint Liquidators shall not, without the approval of the Company's Shareholders given by special resolution, dispose of any Portfolio assets on the secondary market unless and until the gross value of the Portfolio is less than $3 million.

100 per cent. of proxy votes cast at the EGM were voted in favour of the special resolution.

Expected Timetable

 
 Closing of the Company's register    6.00 p.m. on 23 February 
  and record date for participation    2011 
  in liquidation distributions 
 Initial distribution declared        week commencing 14 March 
                                       2011 
 Cancellation of the listing of the   8.00 a.m. on 24 March 2011 
  Shares 
 

Definitions

Unless otherwise defined in this announcement, capitalised terms shall have the same meaning given to them in the Circular sent by the Company to its Shareholders on 28 January 2011.

Enquiries

PricewaterhouseCoopers CI LLP

Nick Vermeulen

[phone]

-ends-

This information is provided by RNS

The company news service from the London Stock Exchange

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