CQS Rig Finance Fund Limited Cqs Rig Finance Fund Ltd : Result Of Egm

 
TIDMRIG 
 
 
   For immediate release on 16 July 2014 
 
   CQS RIG FINANCE FUND LIMITED 
 
   (the "Company") 
 
   (Incorporated in Guernsey as a closed-ended investment scheme 
 
   with registration number 45805) 
 
   Results of Extraordinary General Meeting ("EGM") 
 
   Further to the recent announcement on 18 June 2014 convening the EGM and 
setting out in full the recommended proposals for voluntary liquidation 
of the Company and cancellation of the admission of its Ordinary Shares 
to trading on AIM.  The proposed resolution was approved by shareholders 
as follows: 
 
   Special Resolution - Special Business 
 
   IT WAS RESOLVED THAT: 
 
   (a)      the admission of the Company's Ordinary Shares to trading on 
AIM be cancelled in accordance with Rule 41 (Cancellation) of the AIM 
Rules for Companies (the "Delisting"); 
 
   (b)      the directors of the Company be and hereby are authorised to 
take any and all steps which are necessary or desirable in order to 
effect the Delisting; 
 
   (c)      the Company be wound up voluntarily pursuant to section 
391(1)(b) of the Companies (Guernsey) Law, 2008, as amended, and that 
John Clacy and Alex Adam of Deloitte LLP be and hereby are appointed as 
joint liquidators (the "Joint Liquidators") for the purposes of such 
winding-up, including realising and distributing the Company's assets, 
and any power conferred on them by law or by this special resolution may 
be exercised by them jointly or by either of them alone; 
 
   (d)      the remuneration of the Joint Liquidators be determined by 
reference to the time properly given by them and their staff in 
attending to matters prior to and during the winding-up, and they be and 
hereby are authorised to draw such remuneration as they may determine 
and to pay any expenses properly incurred by them, subject always to any 
prior agreement or quotation made between the Company and the Joint 
Liquidators; 
 
   (e)      after 6 years, or (if earlier) on completion of the liquidation, 
the Joint Liquidators be and hereby are authorised to donate any 
distribution, or part distribution, that has been declared but remains 
unclaimed to charity; and 
 
   (f)      the Company's books and records be held by Kleinwort Benson 
(Channel Islands) Fund Services Limited, in its capacity as the 
Company's secretary, to the order of the Joint Liquidators for a period 
of six years from the date of conclusion of the liquidation. 
 
   A summary of the voting is as follows: 
 
 
 
 
                                                          % of issued shares 
             Votes in favour*       Votes against*             voting** 
                No. shares      %     No. shares    % 
Resolution         68,648,427  100               0   0                   70.47 
 
   * The "in favour" and "against" votes, where appropriate, include those 
votes giving the Chairman discretion 
 
   **Total number of shares in issue amounted to 97,410,000 
 
   Following suspension of the trading of the Company's Ordinary Shares on 
AIM which took place earlier today, cancellation of admission of the 
Ordinary Shares is due to take effect at 7.00 a.m. on 17 July 2014. 
 
   Terms used and not defined in this announcement bear the meaning given 
to them in the circular dated 18 June 2014. 
 
   Enquiries: 
 
   Alastair Moreton/Hannah Young 
 
   NOMAD and Broker 
 
   Westhouse Securities Limited 
 
   Tel:  [phone] 
 
   Joint Liquidators 
 
   John Clacy and Alex Adam 
 
   Deloitte LLP 
 
   Tel:  [phone] 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: CQS Rig Finance Fund Ltd via Globenewswire 
 
   HUG#1827309 
 
 
  http://www.cqsrigfinance.com/