DW Catalyst Fund Ltd Result of EGM

 
TIDMDWCG TIDMDWCU 
 
THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION 
 
                   DW Catalyst Fund Limited (the "Company") 
    (a closed-ended investment collective investment scheme registered and 
           incorporated in Guernsey with registration number 52520) 
 
    Result of extraordinary general meeting and liquidation of the Company 
 
                                 2 August 2017 
 
The resolutions regarding the proposed liquidation of the Company proposed at 
the  extraordinary general meeting of the Company (the "Extraordinary General 
Meeting") held earlier today were both passed on a poll. 
 
Accordingly, Ashley Charles Paxton and Linda Maree Johnson of KPMG Channel 
Islands Limited have now been appointed as the joint liquidators of the Company 
with the power to wind up the Company's affairs and to realise and distribute 
its assets. 
 
The Company will now make applications for the cancellation of the admission of 
its shares to listing on the Official List and to trading on the Main Market of 
the London Stock Exchange, which cancellations are expected to take effect on 3 
August 2017.  In addition, the Company will now terminate its management 
agreement with DW Partners, LP with immediate effect. 
 
The proposed timetable for the liquidation of the Company and the anticipated 
distribution of the proceeds of liquidation is as contained in the shareholder 
circular regarding the Extraordinary General Meeting and the announcement made 
by the Company on 12 July 2017. 
 
The Company received votes representing 77.69% of the shares in issue as at 2 
August 2017 (excluding any votes received from redeeming Shareholders who 
became creditors of the Company on 1 August 2017). The proxy votes received on 
each resolution proposed at the Extraordinary General Meeting were as follows. 
A vote withheld is not a vote in law and has not been counted in the votes for 
and against a resolution. 
 
   Special resolution                                           For    Against   Vote 
                                                                               Withheld 
 
1. THAT the Company be wound up voluntarily pursuant to      2,906,261 165,136 3,613 
   section 391(b) of the Companies (Guernsey) Law, 2008 (as 
   amended) (the "Companies Law"). 
 
   Ordinary resolution                                          For    Against   Vote 
                                                                               Withheld 
 
2. THAT, conditional on the passing of resolution 1          2,906,261 165,136 3,613 
   contained in this notice: 
   (a)        Ashley Charles Paxton and Linda Maree Johnson 
   of KPMG Channel Islands Limited of Glategny Court, 
   Glategny Esplanade, St Peter Port, Guernsey GY1 1WR be 
   and are hereby appointed as joint liquidators of the 
   Company (the "Joint Liquidators") and THAT either or both 
   of the Joint Liquidators be and is hereby empowered to 
   wind up the Company's affairs and to realise and 
   distribute its assets in accordance with the Companies 
   Law; and 
   (b)        the remuneration of the Joint Liquidators 
   contained in the letter of engagement dated 3 July 2017 
   be and is hereby approved in accordance with section 395 
   (1)(b) of the Companies (Guernsey) Law, 2008 (as 
   amended). 
 
In accordance with Listing Rule 9.6.3, a copy of the results of the 
Extraordinary General Meeting has been submitted to the National Storage 
Mechanism and will shortly be available for inspection at: 
www.morningstar.co.uk/uk/NSM 
 
Enquiries: 
 
Company website:        www.dwcatalystltd.com 
 
Linda Johnson and Ashley Paxton 
Joint Liquidators 
Glategny Court 
Glategny Esplanade 
St Peter Port 
Guernsey, GY1 1WR 
Tel:          [phone] 
Email:      [e-mail] 
 
 
 
END 
 

(END) Dow Jones Newswires

August 02, 2017 10:50 ET (14:50 GMT)