CQS Diversified Fund Limited PUBLICATION OF CIRCULAR ANNOUNCEMENT (0719E)

TIDMCQS

RNS Number : 0719E

CQS Diversified Fund Limited

04 February 2015

PUBLICATION OF CIRCULAR ANNOUNCEMENT

CQS Diversified Fund Limited (the "Company")

(a registered closed-ended investment company limited by shares incorporated under the laws of Guernsey with registration number 52551)

4 February 2015

Publication of Circular in connection with recommended proposals for the voluntary wind-up of the Company

Further to the announcement of 12 February 2014 regarding the Board's intention to propose a voluntary winding-up of the Company should the Company's Net Asset Value not have increased to GBP100 million by 31 January 2015, the Company has today published and posted a circular to its Shareholders in connection with an extraordinary general meeting to be held on 5 March 2015 (the "EGM"). At the EGM Shareholders will be asked to approve a special resolution (the "Resolution") for the voluntary liquidation of the Company. If the Resolution is approved, the listing of the Company's Shares on the UKLA Official List and trading of the Shares on the Main Market of the London Stock Exchange will be cancelled (the "Delisting") with effect from 8.00 a.m. on 6 March 2015.

Pursuant to the Delisting process, the Register will be closed at 6.00 p.m. on 4 March 2015 and the Shares will be disabled in CREST at the start of business on 5 March 2015 and, to be valid, all transfers must be lodged before that time. Prior to Delisting, application will be made to the UKLA for the suspension of listing of the Shares on the Official List and application will be made to the London Stock Exchange for suspension of trading in the Shares on the Main Market at 7.30 a.m. on 5 March 2015. The last day for dealings in the Shares on the London Stock Exchange on a normal rolling two day settlement basis will be 3 March 2015. After 3 March 2015, dealings should be for cash settlement only and will be registered in the normal way if the transfer, accompanied by the documents of title, is received by the Registrars by close of business on 4 March 2015. The Record Date, being the date for determining which Shareholders are entitled to receive liquidation distributions, is the close of business on 4 March 2015.

Transfers received after the Record Date will be returned to the person lodging them and, if the Resolution is passed, the original holder will receive any proceeds from distributions made by the Liquidators.

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.do. The Circular will also be available on the Company's website http://cqsdiversifiedfund.com .

Expected Timetable*

 
Latest time and date for receipt      10:30 a.m. on 3 March 2015 
 of Form of Proxy for the EGM 
Record Date for participation and     6:00 p.m. 3 March 2015 
 voting in the EGM 
Closing of the Company's register     6:00 p.m. on 4 March 2015 
 and Record Date for participation 
 in liquidation distributions 
Suspension of listings and trading    7:30 a.m. on 5 March 2015 
 of the Shares 
EGM                                   10:30 a.m. on 5 March 2015 
Liquidators appointed                 5 March 2015 
Announcement of the result of the     5 March 2015 
 EGM 
Cancellation of listings and trading  8:00 a.m. on 6 March 2015 
 of the Shares on LSE 
Redemption request made               Shortly after 6 March 2015 
Expected distribution                 Not before week commencing 
                                       20 July 2015 
 

* All references are to London time unless otherwise stated.

Capitalised terms used in this announcement shall have the meaning attributed to them in the Circular unless otherwise stated.

Enquiries:

CQS

   Craig Cleland                          + 44 20 7201 5368 

Capita Asset Services

   Douglas Mackay                     01481 706796 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CIRLLFFEFEISIIE