HarbourVest Senior Loans Europe Ltd Notice of EGM (5269V)
October 29 2014 - 3:02AM
UK Regulatory
TIDMHSLE
RNS Number : 5269V
HarbourVest Senior Loans Europe Ltd
29 October 2014
HarbourVest Senior Loans Europe Limited
(a registered closed-ended investment company limited by shares
incorporated under the laws of Guernsey with registration number
51719)
Publication of Circular in connection with recommended proposals
for the voluntary wind-up of the Company
29 October 2014
Further to the announcement of 22 September 2014 regarding the
successful divestment of the portfolio, the Company has today
published and posted a circular to its Shareholders in connection
with an extraordinary general meeting to be held on 27 November
2014 at which recommended Resolutions will be put to Shareholders
for the voluntary liquidation of the Company and the cancellation
of admission of the Company's Shares to listing on the UKLA
Official List and to trading on the Main Market of the London Stock
Exchange (the "Delisting").
Pursuant to the Delisting process, the Register will be closed
at 6.00 p.m. on 26 November 2014 and the Shares will be disabled in
CREST at the start of business on 27 November 2014 and, to be
valid, all transfers must be lodged before that time. Prior to
Delisting, application will be made to the UKLA for the suspension
of listing of the Shares on the Official List and application will
be made to the London Stock Exchange for suspension of trading in
the Shares on the Main Market at 7.30 a.m. on 27 November 2014. The
last day for dealings in the Shares on the London Stock Exchange on
a normal rolling two day settlement basis will be 25 November 2014.
After 25 November 2014, dealings should be for cash settlement only
and will be registered in the normal way if the transfer,
accompanied by the documents of title, is received by the
Registrars by close of business on 26 November 2014. The Record
Date, being the date for determining which Shareholders are
entitled to receive liquidation distributions, is the close of
business on 26 November 2014.
Transfers received after the Record Date will be returned to the
person lodging them and, if the Resolutions are passed, the
original holder will receive any proceeds from distributions made
by the Liquidators.
If the Resolutions are passed, the Company will make
applications for the Delisting immediately following the EGM and
the Delisting is expected to take effect at 7.00 a.m. on 28
November 2014.
A copy of the Circular has been submitted to the National
Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM. The Circular will also be available
on the Company's website http://www.hvsle.com/.
Expected Timetable*
Record Date for participation 12.00 p.m. on 25 November
and voting in the EGM 2014
Latest time and date for receipt 12.00 p.m. on 26 November
of Form of Proxy for the EGM 2014
--------------------------
Closing of the Company's register 6.00 p.m. on 26 November
and Record Date for participation 2014
in liquidation distributions
--------------------------
Suspension of listings and trading 7.30 a.m. on 27 November
of the Shares 2014
--------------------------
EGM 12.00 p.m. on 27 November
2014
--------------------------
Liquidators appointed 27 November 2014
--------------------------
Announcement of the result of 27 November 2014
the EGM
--------------------------
Cancellation of listings and trading 7.00 a.m. on 28 November
of the Shares on LSE 2014
--------------------------
* All references are to London time unless otherwise stated.
Capitalised terms used in this announcement shall have the
meaning attributed to them in the Circular unless otherwise
stated.
Enquiries:
HSLE
Company Secretary +44 (0)1481 737 600 / nicole.barnes@praxisgroup.com
Spire Partners
Jonathan Russell +44 (0)20 7042 6300 / enquiries@SpireLLP.com
Liberum
Chris Bowman +44 (0)20 3100 2000 / chris.bowman@liberum.com
Notes to Editors:
About HarbourVest Senior Loans Europe Limited:
HarbourVest Senior Loans Europe Limited is a
Guernsey-incorporated company listed on the main market of the
London Stock Exchange.
The Company's investment objective is to provide shareholders
with a combination of a high level of income and capital growth
over time, whilst preserving capital. The investment period of HSLE
has now concluded and the Company has invested in accordance with
its original investment policy and objective. The Company has
invested in senior secured loans of private equity-backed European
mid-market companies.
HSLE is managed by Spire Partners LLP (the "Investment Manager")
a limited liability partnership registered in England and Wales (OC
376511).
The Company is regulated by the Guernsey Financial Services
Commission and is not regulated or authorised by the Financial
Conduct Authority, but is subject to the Listing Rules applicable
to closed-ended investment companies.
To learn more about HSLE, please visit www.hvsle.com
About Spire Partners LLP:
Established in 2012, Spire Partners LLP is an independent asset
management firm focused on European non-investment grade
credit.
Spire's founding partners are Jonathan Russell, Phil
Bennett-Britton and Oliver Drummond Smith, who previously worked
together managing a variety of fund types including credit
opportunities, collateralised loan obligations ("CLOs"), managed
accounts and private equity funds. The team has a track record of
consistently delivering superior risk adjusted returns.
Spire currently has a sub-advisory arrangement with the UK
affiliate of a US multi-strategy institutional investor to invest
in European non-investment grade credit, and was appointed as sub
investment adviser on HSLE in February 2014, before becoming the
investment manager in May 2014. Spire also has a managed account
with a family office to invest in performing non-investment grade
credit.
Spire is authorised and regulated in the United Kingdom by the
Financial Conduct Authority.
To learn more about Spire Partners, please visit
www.SpireLLP.com
This announcement is issued by the Company, whose registered
address is at Sarnia House, Le Truchot, St Peter Port, Guernsey,
GY1 4NA, Channel Islands.
(c) 2014 HarbourVest Senior Loans Europe Limited. All rights
reserved.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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