Altus Resource Capital Limited Publication of Circular (8815V)

TIDMARCL

RNS Number : 8815V

Altus Resource Capital Limited

31 October 2014

31 October 2014

ALTUS RESOURCE CAPITAL LIMITED (the "Company")

PUBLICATION OF CIRCULAR

The Company has today posted a Circular to Shareholders of the Company in connection with the proposal concerning the continuation of the Company.

The Company does not have a fixed life but will, in accordance with the Articles, propose a Continuation Resolution at the annual general meeting first following the fifth anniversary of the Initial Public Offering of Shares ("IPO") Date (30 June 2009) and every three years thereafter.

The forthcoming Annual General Meeting will be the first following the fifth anniversary of the IPO Date, and accordingly the Board, together with the Company's advisers, have considered the future of the Company.

Notice of the Annual General Meeting of the Company to be held at 10.30am on Thursday, 4 December 2014 is also set out in the Circular.

The purpose of the Circular is to provide shareholders with details of, and the background to, the Continuation Resolution and to explain why the Board believes on balance the continuation of the Company to be in the best interests of Shareholders.

The Continuation Resolution will be proposed as an ordinary resolution and will be passed if approved by members representing a simple majority of the total voting rights of members who, being entitled to do so, vote in person or by proxy on the resolution. Voting on the Continuation Resolution will be by way of poll.

In addition, the Circular will also be available to view on the Company's website http://www.altrescap.com/i/pdf/ARCL_Shareholder_Circular_October_2014.PDF.

Timetable

 
 Latest time and date for receipt of          10.30 a.m. 
  Forms of Proxy for Annual General Meeting    on Tuesday, 2 December 
                                               2014 
 Time and date of Annual General Meeting      10.30 a.m. 
                                               on Thursday, 4 December 
                                               2014 
 

The definitions used in this announcement are as set out in the Circular to Shareholders dated 31 October 2014.

For further information about this announcement please contact:

Administrative Enquiries:

JTC (Guernsey) Limited

Tel: [phone]

Investment Manager:

Altus Capital Limited

Tel: [phone]

[e-mail]

Shareholder Enquiries:

Nimrod Capital LLP

Tel: [phone]

[e-mail]

END OF ANNOUNCEMENT

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