Dexion Trading Limited Result of EGM (4236E)

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RNS Number : 4236E

Dexion Trading Limited

09 April 2014

9 April 2014

Dexion Trading Limited

Result of Extraordinary General Meeting

At the Extraordinary General Meeting of Dexion Trading Limited (the "Company") held today, the following resolution was passed:

SPECIAL RESOLUTION

That:

(i) the Company be wound up voluntarily and Ashley Charles Paxton and Linda Maree Johnson of KPMG Channel Islands Limited of 20 New Street, St. Peter Port, Guernsey GY1 4AN be and they are hereby appointed liquidators of the Company (the "Liquidator") with power to act jointly and severally for the purpose of such winding up with all powers conferred on them by the Law, the articles of incorporation of the Company or by this resolution, such appointment becoming effective upon the passing of this resolution; and

(ii) the remuneration of the Liquidator be fixed on the basis of time spent by them and members of their staff in attending to matters arising prior to and during the winding up of the Company and they be and they are hereby authorised to draw such remuneration monthly or at such longer intervals as they may determine, in accordance with the engagement letter and terms of business issued by KPMG Channel Islands Limited.

 
 Result         Total Shares          Votes cast in         Votes cast against 
  of             voted (% of issued    favour (% of votes    (% of votes cast 
  Resolution     share capital         cast in favour)       against) 
                 of class) 
 Pass           29,804,447 (100%)     29,804,447 (100%)     nil 
 

No votes were cast against the Special Resolution. 63,162 votes received were directed to be withheld. A vote withheld is not a vote in law and not counted in the calculation of the proportion of the votes for or against the resolution.

Expected Timetable

 
                                                2014 
Realisation date for Permal Macro Holdings      30 April 
 shares 
Cancellation of Shares from trading             8.00 a.m. on 13 May 
 on the London Stock Exchange and cancellation 
 of listing for Shares on the Official 
 List 
Realisation proceeds of PMH shares              By 31 May 
 received 
Settlement of Winding Up monies                 By 30 June 
 

The above times and/or dates may be subject to change and, in the event of such change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service.

Enquiries:

 
 Carol Kilby                         Tel: [phone] 
  Dexion Capital (Guernsey) Limited 
 
  Ashley Paxton                       Tel: [phone] 
  KPMG Channel Islands Limited 
 

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Circular dated 18 March 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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