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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mwtops Eur | LSE:TOPE | London | Ordinary Share | GG00B39VXT49 | RED PART PREF SHS EUR NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 9.825 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTOPE MW TOPS Limited (the "Company") Proposed Reconstruction and Voluntary Winding Up The consultation process with shareholders that was announced on 22 April 2010 has now concluded. As a result of the feedback received from shareholders, the Board of the Company has resolved that all shareholders will be asked to vote at the forthcoming AGM in July 2010 on proposals to roll their existing holdings in the Company into an Irish-domiciled UCITS fund (the "UCITS Fund") and to wind up the Company (together, the "Proposals"). It will be proposed that those shareholders not eligible to invest in the UCITS Fund will not receive shares of the UCITS Fund but will instead receive cash proceeds once any applicable anti-money laundering checks have been satisfied. The UCITS Fund, which is managed by the Company's investment manager, is European equities-focused and utilises the TOPS investment process. The UCITS Fund offers weekly dealings in its shares, which are issued and redeemed at its prevailing net asset value per share. It is expected that the circular relating to the Proposals and the other AGM business will be posted to shareholders by the end of June 2010. The circular will contain full details of the Proposals. The Proposals will require the approval of 75 per cent of the votes cast at all of the separate class meetings of the Company (for the Euro Shares, Sterling Shares and US$ Shares) and also at the AGM immediately following these class meetings. If the Proposals are approved, it is expected that the reconstruction of the Company and the commencement of the winding-up process will take effect in early September 2010. If the Proposals are not approved (at any of the four shareholder meetings referred to above), the Company will not be wound up, and will continue in operation in accordance with the articles of the Company. This document 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. For further information about this announcement contact: Anson Fund Managers Limited Secretary Tel: +44 (0)1481 722260 Marshall Wace LLP Greg Saffer - Investor Relations Tel: +44 (0)207 316 2271 Tuesday 1 June 2010 E&OE - in transmission END OF ANNOUNCEMENT [HUG#1420749]
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