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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ceres Agricul. | LSE:CROP | London | Ordinary Share | GG00B28B2R95 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.915 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCROP RNS Number : 6141L Ceres Agriculture Fund Limited 10 May 2010 CERES AGRICULTURE FUND LIMITED Withdrawal of Requisition and Proposals for a Winding up of the Company Ceres Agriculture Fund Limited ("Ceres" or the "Company" ), a Guernsey domiciled, closed-ended investment company established to invest in an actively managed portfolio of exchange-traded agricultural commodity contracts and derivatives managed by FourWinds Capital Management, announces the withdrawal of the requisition announced on 27 April 2010 ("Requisition") and proposals for a winding up of the Company. In light of the Requisition, and the results of the recent tender offer which were announced on 4 May 2010, and following a period of consultation with major shareholders, the Board has resolved that it is in the best interests of shareholders as a whole to recommend the winding up of the Company. As a result of such decision, the requisitionists have confirmed that they will withdraw the Requisition. The current intention of the Board is to post a circular to shareholders convening an extraordinary general meeting of the Company to be held before the end of June 2010, at which a resolution to wind up the Company will be put to shareholders. The Board is confident that the resolution to wind up the Company will be passed. However in the unlikely event that the resolution is not passed, the Board has agreed, at the request of the requisitionists, to convene a further extraordinary general meeting to consider proposals for the implementation of a 50 per cent. tender offer. The Board will be approaching certain major shareholders prior to the posting of the requisite circular to shareholders to seek their approval, via letters of support, of the proposed winding up of the Company. Further enquiries: FourWinds Capital Management, Investment Manager Kimberly Tara legal@fourwindscm.com Cenkos Securities plc, Corporate Broker Will Rogers +44 (0)20 7397 1920 Peter Hindmarsh +44 (0)20 7397 1983 Andrew Davies +44 (0)20 7397 1914 HSBC Securities Services (Guernsey) Limited, Administrator Tel: +44 (0) 1481 707 000 Citigate Dewe Rogerson, PR Advisor Kevin Smith /Lindsay Noton +44 207 638 9571 The Company is a Guernsey domiciled Authorised Closed-ended investment scheme pursuant to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised Closed-ended Investment Schemes Rules 2008. The ordinary shares of the Company ("Shares") have not been and will not be registered under the US Securities Act of 1933, as amended ("Securities Act") or the US Investment Company Act of 1940, or with any securities regulatory body or any state or other jurisdiction in the United States and, subject to certain exceptions, may not be offered or sold in the United States or to or for the account or benefit of US persons (as such term is defined in Regulation S under the Securities Act) absent registration under the Securities Act or an applicable exemption from such registration. No public offering of any shares in the Company is being, or has been, made in the United States. FUTURES AND OPTIONS TRADING HAS LARGE POTENTIAL REWARDS, BUT ALSO LARGE POTENTIAL RISKS. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THE FUTURES AND OPTIONS MARKETS AND IN ORDER TO INVEST IN THE COMPANY. DO NOT TRADE OR INVEST WITH MONEY YOU CAN'T AFFORD TO LOSE. THIS ANNOUNCEMENT AND ITS CONTENTS ARE NEITHER A SOLICITATION NOR AN OFFER TO BUY OR SELL FUTURES, STOCKS OR OPTIONS ON THE FUTURES OR OPTIONS MARKETS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT OR INVESTMENT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED IN THIS ANNOUNCEMENT (IF ANY). THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE PERSONS, AN OFFERING MEMORANDUM FOR THE COMPANY IS NOT REQUIRED TO BE, AND HAS NOT BEEN FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED ANY OFFERING BY THE COMPANY OR ANY OFFERING MEMORANDUM FOR THE COMPANY. This information is provided by RNS The company news service from the London Stock Exchange END MSCUROKRRNAVARR
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