Cazenove Absolute Equity Limited Result of AGM and future of the Fund (9361I)

TIDMCAEL

RNS Number : 9361I

Cazenove Absolute Equity Limited

31 July 2012

Cazenove Absolute Equity Limited

31 July 2012

Result of AGM including proposals regarding the future of the fund

The Board of Cazenove Absolute Equity Limited is pleased to announce that at the Class Meeting held today the proposed special resolution was duly passed. Further, at the Annual General Meeting also held today, the Continuation Resolution was defeated and all other resolutions were duly passed in line with the Board's recommendation set out in the circular to shareholders dated 4 July 2012.

So that the Proposals may be implemented, the Company made an application to the UK Listing Authority and to the CISX requesting a suspension of the listing of the Shares which took effect at 7.30am today. As the Proposals contemplate the winding up of the Company, the Board put forward, as part of the Reconstruction Resolution a proposal for cancellation of listing of the Shares on the Official List of the UK Listing Authority and the Official List of the CISX and admission of the Shares to trading on the main market of the London Stock Exchange. As the Reconstruction Resolution has now been passed, the Company will make an application to the UK Listing Authority and to the CISX requesting the cancellation of the listing of the Shares with effect from 8.00 a.m. on 31 August 2012.

The expected timetable for distributions under the Proposals is set out below:

2012

 
 TAV Calculation Date                                      5.30 p.m. on 10 
                                                                    August 
 Rollover Price determined                                12.30 p.m. on 14 
                                                                    August 
 Transfer Date                                                   14 August 
 UK Dynamic Shares issued and contract                           15 August 
  notes despatched 
 Cheques expected to be dispatched to Shareholders         Week commencing 
  electing for the Cash Option                                   20 August 
 CREST accounts of Shareholders electing                   Week commencing 
  for the Cash Option to be credited with                        20 August 
  cash 
 Listing of Shares cancelled                         8.00 a.m. on 31August 
 

Each of the times and dates in the above expected timetable may be extended or brought forward without further notice. If any of the above times and/or dates change, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service provider. All references to times are to London time unless otherwise stated.

A copy of the Resolutions will also be submitted to the National Storage Mechanism and will be available for inspection at: www.hemscott.com/nsm.do. The information in this announcement should be read in conjunction with the full text of the circular to shareholders dated 4 July 2012 (the "Circular"). Capitalised terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Enquiries:

Corporate Broker

David Benda/Nathan Brown - Numis Securities Limited

Tel: [phone]

Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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