Result of EGM

 
TIDMTOPE 
 
RESULTS OF CLASS MEETINGS AND EXTRAORDINARY GENERAL MEETING 
 
MW  TOPS Limited (the "Company") announced  on 30 June 2010 that the Company had 
published a Circular to its Shareholders outlining recommended proposals for the 
reconstruction  and voluntary winding-up  of the Company  (the "Proposals"). The 
Circular  also  included  notices  of  class  meetings ("Class Meetings") and an 
extraordinary  general meeting  ("EGM") of  the Company  to be held on 16 August 
2010. 
 
The Company announces that at the three Class Meetings and EGM held today all of 
the  resolutions (which were Special Resolutions  requiring a majority of 75 per 
cent  of votes cast) were  duly passed, and the  results of the Meetings were as 
follows: 
+------------+----------+--------------+-----------+------------+--------------+ 
|            |Votes Cast|   Votes in   |   Votes   |   Votes    |Percentage of | 
|            |          |    Favour    |  Against  |  Withheld  |Votes cast in | 
|            |          |              |           |            |    Favour    | 
+------------+----------+--------------+-----------+------------+--------------+ 
|                              Euro Class Meeting                              | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 1|3,290,474 |3,290,474     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 2|3,290,474 |3,290,474     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 3|3,290,474 |3,290,474     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|                            Sterling Class Meeting                            | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 1|3,423,984 |3,422,784     |1,200      |-           |99.96%        | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 2|3,423,984 |3,422,784     |1,200      |-           |99.96%        | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 3|3,423,984 |3,422,784     |1,200      |-           |99.96%        | 
+------------+----------+--------------+-----------+------------+--------------+ 
|                              US$ Class Meeting                               | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 1|348,300   |348,300       |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 2|348,300   |348,300       |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 3|348,300   |348,300       |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|                                     EGM                                      | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 1|7,712,959 |7,712,959     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 2|7,712,959 |7,712,959     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 3|7,712,959 |7,712,959     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
|Resolution 4|7,712,959 |7,712,959     |-          |-           |100%          | 
+------------+----------+--------------+-----------+------------+--------------+ 
Accordingly,  the  Company's  Shares  have  been  reclassified into Reclassified 
Shares.  No application has been made to the UK Listing Authority and the London 
Stock  Exchange for the Reclassified Shares to  be admitted to the Official List 
and to trading on the main market of the London Stock Exchange. 
Dr Cameron McPhail, Chairman of MW TOPS Limited, said: "The Board is pleased 
that shareholders have backed this proposal, which we believe to be in their 
best interests. It enables them to participate in the TOPS strategy going 
forward, with the ability to subscribe to, or redeem from, shares on a weekly 
basis without the added uncertainty of their investment trading at discount or 
premium to NAV." 
The listing of the Company's Shares will be cancelled with effect from 17 August 
2010 at 8:00 a.m. 
 
With  effect from  31 August 2010, the  Joint Liquidators,  Stephen Le  Page and 
Nicholas Vermeulen of PricewaterhouseCoopers CI LLP, National Westminster House, 
Le  Truchot, St Peter Port, Guernsey, Channel Islands GY1 4ND, will be appointed 
to  wind up the affairs and distribute the assets in accordance with the Scheme. 
The  Company will therefore be  wound up by means  of a voluntary winding-up and 
Shareholders  will  have  their  investment  in  the Company rolled over into MW 
Developed  Europe TOPS  Fund, a  sub-fund of  Marshall Wace  UCITS Funds  PLC in 
accordance  with the proposals set out in the circular posted to Shareholders on 
30 June 2010. 
 
The expected timetable for the implementation of the Scheme is as follows: 
Joint Liquidators and Trustee appointed                                31 August 
 
Effective Date                                                         31 August 
 
TAV Calculation Date                                      31 August at 5:00 p.m. 
 
Transfer Date                                                          31 August 
 
MWDE Scheme Shares issued and contract                               1 September 
notes dispatched 
 
Dealing deadline for first MWDE dealing        6 September at 12:00 p.m. (London 
date available to holders of MWDE Scheme                                   time) 
Shares following implementation of the 
Proposals 
 
First MWDE dealing date available to                                 8 September 
holders of MWDE Scheme Shares following 
implementation of the Proposals (weekly 
dealing thereafter) 
 
MWDE Scheme Share sale proceeds expected            Week commencing 20 September 
to be dispatched to Restricted Persons* 
 
* Subject to any applicable anti-money laundering checks and other due diligence 
requirements  being  satisfied  by  the  relevant  Restricted  Persons and other 
redeeming holders. 
 
Unless  otherwise defined, capitalised terms used in this announcement will have 
the  same meaning given to  such terms in the  Circular of the Company dated 30 
June 2010. 
 
Copies  of the resolutions  passed at the  Class Meetings and  the EGM have been 
forwarded  to the FSA and  will be available through  the FSA's document viewing 
facility. 
 
This  announcement  is  for  information  purposes  only  and is not an offer to 
invest.   The Company is  registered with the  Dutch Authority for the Financial 
Markets  as a collective investment scheme which may offer participations in The 
Netherlands  pursuant to article  2:66 of the Financial  Markets Supervision Act 
(Wet  op het  financieel toezicht).  All investments  are subject  to risk. Past 
performance is no guarantee of future returns. Prospective investors are advised 
to seek expert legal, financial, tax and other professional advice before making 
any  investment  decision.   The  value  of  investments  may fluctuate. Results 
achieved in the past are no guarantee of future results. 
For further information about this announcement contact: 
 
Anson Fund Managers Limited 
Secretary 
Tel: [phone] 
 
Marshall Wace LLP 
Anthony Marber - Investor Relations 
Tel: [phone] 
 
Maitland Financial PR 
George Trefgarne and Richard Farnsworth 
Tel: [phone] 
Monday 16 August 2010 
E&OE - in transmission 
END OF ANNOUNCEMENT 
 
 
[HUG#1438229] 
 
 
 
 
 
 
 
 
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Source: MW TOPS Limited (EUR) via Thomson Reuters ONE