Highbridge Tactical Credit Fund Ltd Company Update (0817S)

TIDMHTCF

RNS Number : 0817S

Highbridge Tactical Credit Fund Ltd

01 November 2023

1 November 2023

HIGHBRIDGE TACTICAL CREDIT FUND LIMITED

("HTCF" or the "Company")

Company Update

Compulsory redemption

Further to the announcement made on the 18 October 2023, the Company has compulsorily redeemed the majority of the Ordinary Shares in the Company today, (those former shareholders now have a creditor interest in the remaining assets of the Company) leaving two shareholders, holding 1 share each, being the Chairman, Vic Holmes, and director, Steve Le Page, as the Company is required to have at least one member under the Company Law and in order that they may facilitate the placing of the Company into a voluntary liquidation immediately following the redemption.

Voluntary Liquidation

The remaining two Shareholders have today passed both the requisite ordinary and special resolutions in order to place the Company into voluntary liquidation in accordance with Section 391 (1)(b) of the Companies (Guernsey) Law 2008.

The appointed joint liquidators are Alex Adam and Andy Wood of Teneo Financial Advisory Limited, Bucktrout House, St Peter Port, Guernsey, GY1 3HQ and Forum 3, Grenville Street, St Helier, Jersey, JE2 4UF respectively (together "the Joint Liquidators") for the purposes of winding up the Company's affairs.

De-listing

The Company's shares have also been suspended from trading on the London Stock Exchange with effect from 8am this morning, 1 November 2023, and delisting will be effective from 8am on 2 November 2023.

For further information please contact:

 
 Teneo Financial Advisory Limited 
  Liquidator 
  Tel: [phone] 
  Email: [e-mail] 
 

LEI: 213800397SYHLYFH5961

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November 01, 2023 10:02 ET (14:02 GMT)