Axiom European Financial Debt Fd Ld Result of EGM and Results of Elections (6849K)

TIDMAXI

RNS Number : 6849K

Axiom European Financial Debt Fd Ld

29 August 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.

29 August 2023

Axiom European Financial Debt Fund Limited ("AXI" or the "Company")

Result of EGM and Results of Elections

Result of Extraordinary General Meeting

The Company announces that at the Extraordinary General Meeting held earlier today in connection with the implementation of the Scheme, all resolutions were duly passed.

Following the approval of the Scheme by Shareholders, Benjamin Alexander Rhodes and Andrea Frances Alice Harris, both of Grant Thornton Limited, have been appointed as joint liquidators for the purposes of the voluntary liquidation of the Company under Guernsey law. The Company has now entered into liquidation and the Scheme is effective.

Details of the resolutions passed are set out in the notice of Extraordinary General Meeting contained in the circular dated 01 August 2023 (the "Circular").

Capitalised terms used but not defined in this announcement have the meanings given in the Circular.

The table below sets out the results of the poll at the Extraordinary General Meeting. Each Shareholder, present in person or by proxy, was entitled to one vote per AXI Ordinary Share held by them at the Record Date.

 
     Resolution              Votes       % of     Votes       % of         Votes          Votes          Total 
                               For       Votes    Against     Votes     Discretionary    Withheld      Votes Cast 
                                          For                Against                                     (excl. 
                                           *                    *                                    Votes Withheld) 
     To approve the 
      Scheme and appoint 
      the Liquidators, 
      and following 
      their appointment, 
      authorise the 
      Liquidators 
      to take all 
      such actions 
      as they may 
      consider necessary 
      or appropriate 
      to give effect 
 1    to the Scheme.       34,421,031      99%    346,241      1.00%                        3,341         34,767,272 
    --------------------  -----------  -------  ---------  ---------  ---------------  ----------  ----------------- 
     To amend the 
 2    Articles.            34,417,201   98.99%    352,311      1.01%                        1,101         34,769,512 
    --------------------  -----------  -------  ---------  ---------  ---------------  ----------  ----------------- 
 

* Rounded to two decimal places.

The full text of the resolutions can be found in the Circular, which is available to view on the Company's website, https://axiom-ai.com/web/en/axiom-european-financial-debt-fund-limited-2/#. Copies of the resolutions will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism **.

**Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

Results of Elections

The Company received the following elections (including deemed elections) in connection with the Scheme:

   --      Rollover Options: 63,113,022 Shares 
   --      Cash Option: 28,739,882 Shares 

In accordance with the Scheme, Rollover Eligible Shareholders that made no Election have been deemed to have elected for the Obligataire Option.

Suspension and cancellation of listing and trading of AXI Ordinary Shares

The listing of AXI Ordinary Shares was suspended at 7:30 a.m. on 29 August 2023.

Cancellation of: (a) the listing of AXI Ordinary Shares on the premium segment of the Official List; and (b) trading of AXI Ordinary Shares on the Main Market, is expected to take place on 29 August 2023 or as soon as reasonably practicable thereafter.

Expected Timetable

The expected timetable of principal events for the implementation of the Scheme remains as set out in the Circular and is also set out below.

 
                                                                                                                  2023 
 Cancellation of: (a) listing of the AXI Ordinary Shares           29 August 2023 or as soon as reasonably practicable 
  on the premium segment of the Official                                                                    thereafter 
  List; and (b) trading of the AXI Ordinary Shares on the 
  Main Market 
 Contract notes issued by CACEIS in respect of Obligataire         On or around 5.30 p.m. on 4 September or as soon as 
  Shares and Obligataire Institutional                                               reasonably practicable thereafter 
  Shares issued pursuant to the Rollover Options 
 Cheques expected to be despatched and payments made by               On or around 12 September or as soon as possible 
  the Company in respect of the Cash                                                                        thereafter 
  Option 
 

Notes:

   --      All references to times in this announcement are to London times unless otherwise stated. 

-- The dates and times specified above may be subject to change. In the event of any such change, the Company will notify investors either by post, by electronic mail or by the publication of a notice through a regulatory information service provider to the London Stock Exchange.

Enquiries

 
 
 Winterflood Securities Limited                                [phone] 
 Neil Morgan 
  Phoebe Pankhurst 
 
 Elysium Fund Management Limited (Administrator)          Tel: [phone] 
                                                       [e-mail] 
 
 Grant Thornton Limited                            [e-mail] 
 Marta Patyna 
 

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August 29, 2023 07:19 ET (11:19 GMT)