Cazenove Absolute Equity Limited Result of EGM and Tender Offer - Replacement (4081H)

TIDMCAEL

RNS Number : 4081H

Cazenove Absolute Equity Limited

11 July 2012

Cazenove Absolute Equity Limited

Extraordinary General Meeting and tender offer price - REPLACEMENT

10 July 2012

This EGM announcement replaces the EGM announcement issued on 13 April 2012. The announcement issued on the 13 April 2012 is correct, except for the reference in the sixth paragraph to the number of shares in issue which should have been 32,424,573 rather than 33,424,573. A full corrected version of the announcement is set out below.

Cazenove Absolute Equity Limited (the "Company") announces that at the Extraordinary General Meeting of the Company, held today at Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3QL at 10.00 a.m., all resolutions (including the special resolution authorising the Company to buy back up to 9,713,256 ordinary shares in connection with a tender offer) as set out in the Notice of Meeting, were duly passed.

The Board also announces that the Repurchase Price, which has been calculated in accordance with paragraph 3 of Part III of the circular to Shareholders dated 19 March 2012 (the "Circular"), is 127.7143 pence per Share.

A total of 16,564,739 shares were validly tendered under the Tender Offer. As a result, the Basic Entitlement of all Shareholders who have validly tendered their shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 31.6 per cent. of the excess shares tendered.

9,713,256 shares will be repurchased by the Company under the Tender Offer and cancelled; this represents approximately one quarter of the Issued Share Capital of the Company as at the Record Date.

It is expected that CREST accounts will be credited and cheques despatched in respect of the proceeds of successfully tendered shares in the week commencing 23 April 2012. It is expected that CREST accounts will be credited and balancing certificates issued in respect of unpurchased Eligible Shares in the week commencing 23 April 2012.

The Board has also resolved to cancel 1,000,000 shares held in treasury therefore following the implementation of the Tender Offer and the cancellation, the Company will have 32,424,573 Shares in issue of which 3,284,804 are held in treasury.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Copies of the relevant resolutions have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.Hemscott.com/nsm.do.

Enquiries:

Company Secretary

Northern Trust International Fund Admin Services (Guernsey) Limited

01481 745388

David Benda

Numis Securities Limited

020 7260 1000

This information is provided by RNS

The company news service from the London Stock Exchange

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