TIDMAIS

RNS Number : 2354I

Alternative Invest. Strategies Ld

28 May 2014

ALTERNATIVE INVESTMENT STRATEGIES LIMITED

(the "Company")

Results of Extraordinary General Meeting

Voluntary Liquidation of the Company

Initial Distribution

28 May 2014

Results of Extraordinary General Meeting

The Board of Alternative Investment Strategies Limited is pleased to announce that at the Extraordinary General Meeting of its Shareholders held at 10.30 a.m. today, the special resolution to put the Company into voluntary liquidation, to appoint the Liquidators and to approve the terms of their engagement were duly passed without amendment by the required majorities.

Proxy votes were received in respect of 6,240,951 Shares (being 77.60 per cent. of the Shares in issue), all of which were in favour of the Resolution.

Appointment of Liquidators

Following the passing of the Resolution, the Company is now in liquidation and Alex Adam and Andy Isham of Deloitte LLP have been appointed as joint liquidators.

Suspension and Cancellation of the Shares

Dealings in Shares on the Main Market of the London Stock Exchange were suspended at 7.30 a.m. today as planned. Applications will be made for the listing and trading of the Shares on the Channel Island Securities Exchange and the listing of the Shares from the Official List and trading of the Shares on the Main Market to be cancelled at 7.00 a.m. and 8.00 a.m. on 9 June 2014 respectively.

Initial Distribution

The Liquidators will make an initial distribution of approximately GBP10.54m, being 131.04 pence per Share, on 30 May 2014 (the "Initial Distribution"). Settlement proceeds of approximately US$192,000 from the sale of certain illiquid investments remain encumbered and will form the basis of either an interim distribution or the Final Distribution.

Payment of the Initial Distribution will be made to uncertificated Shareholders through CREST and to certificated Shareholders by way of cheques drawn upon a UK clearing bank posted to the registered addresses of the Shareholders on the Record Date (at the Shareholder's risk).

Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Circular to Shareholders dated 30 April 2014.

Enquiries:

Frank McGing

Deloitte LLP Guernsey (Liquidators)

Tel: +44 (0) 1481 703 265

Alexander von Mühlen

International Asset Management Limited

Tel: +44 (0) 20 7734 8488

Matt Tostevin

Kleinwort Benson (Channel Islands) Fund Services Limited (Secretary)

Tel: +44 (0) 1481 710607

Lucy Lewis / Andrew Zychowski

Canaccord Genuity Limited (Broker)

Tel: +44 (0) 20 7523 8000

Canaccord Genuity Limited, which is authorised and regulated by the Financial Conduct Authority, is acting for the Company and for no one else in connection with the matters detailed in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity Limited or for affording advice in relation hereto, or any other matters referred to herein.

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGSELFFAFLSEFI

Alternative Invest. Strategies (LSE:AIS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Alternative Invest. Strategies Charts.
Alternative Invest. Strategies (LSE:AIS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Alternative Invest. Strategies Charts.