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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Acmh Ltd | LSE:ACMH | London | Ordinary Share | KYG006011079 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5046G Absolute Capital Mgmt Holdings Ltd 29 October 2007 Absolute Capital Management Holdings Limited (the "Company") Results of Funds' Extraordinary General Meetings The Company announces that extraordinary general meetings of the Absolute European Catalyst Fund Limited, Absolute Octane Fund Limited, Absolute Return Europe Fund Limited and Absolute East West Fund Limited were held on Saturday 27 October 2007 in Grand Cayman, Cayman Islands to consider and approve the resolutions to implement the proposed restructuring of those funds on the basis set forth in the circulars sent to shareholders on 27 September 2007. Implementation of the restructuring proposals required, on a fund by fund basis, a positive vote of shareholders holding not less than 75% of a fund's shares represented at its extraordinary general meeting. The Company confirms that the resolutions to approve the restructuring were passed at the meetings with the following majorities: Absolute East West Fund Limited 95% Absolute Return Europe Fund Limited 87% Absolute European Catalyst Fund Limited 86% Absolute Octane Fund Limited 76% The Company further confirms that it has received the consent of limited partners holding 76% and 91% of limited partnership interests in the Absolute East West Fund L.P. and the Absolute Octane Fund L.P., respectively. Consent of two thirds of limited partners was required to implement the limited partnership funds' restructuring proposals. The funds will therefore implement their restructuring effective 1 November 2007. Commenting on the results of the meetings, Jonathan Treacher, Chief Executive Officer of the Company, said "I am very happy with, and appreciative of, the support shown for the AbCap team, and am confident that fund investors have taken a decision which is in the best interests of all stakeholders. Over the past 6 weeks, we have listened carefully to fund investors' concerns and are mindful of the challenges ahead. We will work diligently to deliver value for fund investors through the restructuring process." Enquiries: Absolute Capital Management +34 (971) 765553 Holdings Limited Jonathan Treacher, CEO Panmure Gordon 020 7459 3600 Dominic Morley Cardew Group 020 7930 0777 Tim Robertson Shan Shan Willenbrock David Roach This information is provided by RNS The company news service from the London Stock Exchange END STROKCKQABDKOKB
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