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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Invesco Eng A | LSE:IEIA | London | Ordinary Share | GB00B4X5K657 | ORD 25P 'A' RIGHTS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 200.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIEI TIDMIEIA TIDMIEIB Invesco English and International Trust plc (the "Company") Results of Second General Meeting and update on portfolio realisation 1 October 2010 Results of General Meeting The Board of Directors of the Company is pleased to announce that the special resolution winding up the Company, appointing Sean Croston and Roy Welsby of Grant Thornton UK LLP as joint liquidators and giving final effect to the Scheme was duly passed at the Second General Meeting held earlier today. Accordingly, the Company has now been placed in members' voluntary liquidation (solvent liquidation). The Company's Shares with "A" rights and Shares with "B" rights were duly suspended at 7.30 a.m. this morning. Portfolio realisation In the three week period since the First General Meeting on 10 September, the Company has sold unquoted investments for an amount slightly in excess of the Directors' estimate of realisable value attributed to the Company's unquoted portfolio detailed in the Circular. In addition, the quoted investments in the "A" Fund (representing those shareholders who elected for cash) have been substantially realised, save for a small number of holdings with a current market value of approximately GBP600,000 to be realised during the Company's liquidation. The Cash Option The first distribution from the "A" Fund to Shareholders who elected for the Cash Option will be 235.61p per Share with "A" rights. It is expected that cheques will be despatched and CREST payments made on 11 October 2010. A second distribution will be made in due course when the remaining investments in the "A" Fund have been realised. The UKSC Option Shareholders who elected for the UKSC Option will receive approximately 3.31 shares in the Invesco Perpetual UK Smaller Companies Growth Fund for each Share with "B" rights. It is expected that written confirmations in respect of each "B" shareholder's holding in UKSC Shares will be despatched during the week commencing 4 October 2010. Capitalised terms shall have the meaning attributed to them in the circular containing detailed proposals for the reconstruction and winding up of the Company, published on 11 August 2010 (the "Circular") unless otherwise defined. Contacts: Grant Thornton UK LLP (Liquidators) Sean Croston 020 7865 2760 Invesco Guy Short 020 7065 3555 Tim Mitchell Collins Stewart Andrew Zychowski 020 7523 8363 Lucy Lewis 020 7523 8360 Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as adviser to Invesco English and International Trust plc and is acting for no-one else in connection with the strategic review and the contents of this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Collins Stewart Europe Limited nor for providing advice in connection with the strategic review and the contents of this announcement or any other matter referred to herein. Collins Stewart Europe Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Collins Stewart Europe Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder. END
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