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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Harbourvest Sl | LSE:HSLE | London | Ordinary Share | GG00B4N5LG23 | 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% | 26.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHSLE
RNS Number : 5269V
HarbourVest Senior Loans Europe Ltd
29 October 2014
HarbourVest Senior Loans Europe Limited
(a registered closed-ended investment company limited by shares incorporated under the laws of Guernsey with registration number 51719)
Publication of Circular in connection with recommended proposals for the voluntary wind-up of the Company
29 October 2014
Further to the announcement of 22 September 2014 regarding the successful divestment of the portfolio, the Company has today published and posted a circular to its Shareholders in connection with an extraordinary general meeting to be held on 27 November 2014 at which recommended Resolutions will be put to Shareholders for the voluntary liquidation of the Company and the cancellation of admission of the Company's Shares to listing on the UKLA Official List and to trading on the Main Market of the London Stock Exchange (the "Delisting").
Pursuant to the Delisting process, the Register will be closed at 6.00 p.m. on 26 November 2014 and the Shares will be disabled in CREST at the start of business on 27 November 2014 and, to be valid, all transfers must be lodged before that time. Prior to Delisting, application will be made to the UKLA for the suspension of listing of the Shares on the Official List and application will be made to the London Stock Exchange for suspension of trading in the Shares on the Main Market at 7.30 a.m. on 27 November 2014. The last day for dealings in the Shares on the London Stock Exchange on a normal rolling two day settlement basis will be 25 November 2014. After 25 November 2014, dealings should be for cash settlement only and will be registered in the normal way if the transfer, accompanied by the documents of title, is received by the Registrars by close of business on 26 November 2014. The Record Date, being the date for determining which Shareholders are entitled to receive liquidation distributions, is the close of business on 26 November 2014.
Transfers received after the Record Date will be returned to the person lodging them and, if the Resolutions are passed, the original holder will receive any proceeds from distributions made by the Liquidators.
If the Resolutions are passed, the Company will make applications for the Delisting immediately following the EGM and the Delisting is expected to take effect at 7.00 a.m. on 28 November 2014.
A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM. The Circular will also be available on the Company's website http://www.hvsle.com/.
Expected Timetable*
Record Date for participation 12.00 p.m. on 25 November and voting in the EGM 2014 Latest time and date for receipt 12.00 p.m. on 26 November of Form of Proxy for the EGM 2014 -------------------------- Closing of the Company's register 6.00 p.m. on 26 November and Record Date for participation 2014 in liquidation distributions -------------------------- Suspension of listings and trading 7.30 a.m. on 27 November of the Shares 2014 -------------------------- EGM 12.00 p.m. on 27 November 2014 -------------------------- Liquidators appointed 27 November 2014 -------------------------- Announcement of the result of 27 November 2014 the EGM -------------------------- Cancellation of listings and trading 7.00 a.m. on 28 November of the Shares on LSE 2014 --------------------------
* All references are to London time unless otherwise stated.
Capitalised terms used in this announcement shall have the meaning attributed to them in the Circular unless otherwise stated.
Enquiries:
HSLE Company Secretary +44 (0)1481 737 600 / nicole.barnes@praxisgroup.com Spire Partners Jonathan Russell +44 (0)20 7042 6300 / enquiries@SpireLLP.com Liberum Chris Bowman +44 (0)20 3100 2000 / chris.bowman@liberum.com
Notes to Editors:
About HarbourVest Senior Loans Europe Limited:
HarbourVest Senior Loans Europe Limited is a Guernsey-incorporated company listed on the main market of the London Stock Exchange.
The Company's investment objective is to provide shareholders with a combination of a high level of income and capital growth over time, whilst preserving capital. The investment period of HSLE has now concluded and the Company has invested in accordance with its original investment policy and objective. The Company has invested in senior secured loans of private equity-backed European mid-market companies.
HSLE is managed by Spire Partners LLP (the "Investment Manager") a limited liability partnership registered in England and Wales (OC 376511).
The Company is regulated by the Guernsey Financial Services Commission and is not regulated or authorised by the Financial Conduct Authority, but is subject to the Listing Rules applicable to closed-ended investment companies.
To learn more about HSLE, please visit www.hvsle.com
About Spire Partners LLP:
Established in 2012, Spire Partners LLP is an independent asset management firm focused on European non-investment grade credit.
Spire's founding partners are Jonathan Russell, Phil Bennett-Britton and Oliver Drummond Smith, who previously worked together managing a variety of fund types including credit opportunities, collateralised loan obligations ("CLOs"), managed accounts and private equity funds. The team has a track record of consistently delivering superior risk adjusted returns.
Spire currently has a sub-advisory arrangement with the UK affiliate of a US multi-strategy institutional investor to invest in European non-investment grade credit, and was appointed as sub investment adviser on HSLE in February 2014, before becoming the investment manager in May 2014. Spire also has a managed account with a family office to invest in performing non-investment grade credit.
Spire is authorised and regulated in the United Kingdom by the Financial Conduct Authority.
To learn more about Spire Partners, please visit www.SpireLLP.com
This announcement is issued by the Company, whose registered address is at Sarnia House, Le Truchot, St Peter Port, Guernsey, GY1 4NA, Channel Islands.
(c) 2014 HarbourVest Senior Loans Europe Limited. All rights reserved.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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