Result of EGM (3037F)
April 20 2011 - 11:49AM
UK Regulatory
TIDMHGPC
RNS Number : 3037F
Henderson Global Property Companies
20 April 2011
20 April 2011
HENDERSON GLOBAL PROPERTY COMPANIES LIMITED (in members'
voluntary liquidation)
Result of General Meeting held on 19 April 2011
Further to the proposals for the reconstruction and winding up
of the Company which were announced on 15 March 2011, the special
resolution placing the Company in liquidation and giving final
effect to the Scheme was duly passed at the General Meeting held
yesterday. Accordingly, Gareth Rutt Morris of FRP Advisory, 10
Furnival street, London EC4A 1YH and James Robert Toynton of Grant
Thornton, Lefebvre House, Lefebvre Street, St Peter Port, Guernsey
GY1 3ZF have been appointed liquidators of the Company.
For the purposes of the Scheme, the net asset value for those
shares with A rights, B rights and C rights has been calculated as
66.0p per share. Assets are being allocated to the GPEF Rollover
Pool, the HINT Rollover Pool and the Cash Pool in proportion to
elections (and deemed elections) received and announced on 8 April
2011. In addition, the Company is retaining its interest in one
unquoted investment which is expected to be sold within the near
future, and it is intended that when the proceeds of sale are
received they will be distributed separately by the Liquidators in
cash pro-rata to all shareholders on the register on the record
date.
Contract notes in respect of GPEF Shares which are being
allotted at the price of GBP8.12 per share, will be issued to
Shareholders who elected to receive GPEF Shares during the week
commencing 25 April 2011. Cheques are expected to be despatched and
CREST payments made to Shareholders in respect of cash elections
under the Scheme in the week commencing 25 April 2011. Any
remaining balance in the Liquidation Pool will be distributed in
cash to Shareholders in due course.
For those electing for HINT shares, applications under the
scheme, the placing and the offer for subscription have been
received for over 40 million ordinary shares (with subscription
shares attached on a 1 for 5 basis). The Board of HINT intends to
proceed with admission and is currently completing documentation
required to close the placing and offer for subscription. The issue
remains conditional upon the admission of the ordinary and
subscription shares to the official list of the UK Listing
Authority and to trading on the London Stock Exchange's main market
for listed securities. Admission will become effective, and
dealings on the London Stock Exchange will commence, before the
long stop date of 12 May 2011. A further announcement will be made
in due course.
A copy of the resolution passed at the General Meeting will be
submitted to the National Storage Mechanism and will shortly be
available for inspection at: www.hemscott.com/nsm.do.
Capitalised terms used in this announcement shall, unless the
context requires otherwise, bear the meanings given to them in the
Company's circular dated 15 March 2011.
For further information, please contact:
Sara Bourne
Company Secretary
BNP Paribas Fund Services (Guernsey) Limited
Telephone: 01481 750858
James de Sausmarez
Director and Head of Investment Trusts
Henderson Global Investors
Telephone: 020 7818 3349
Sarah Gibbons-Cook
Investor Relations and PR Manager
Henderson Global Investors
Telephone: 020 7818 3198
Paul Fincham or Jonathan Becher
Matrix Corporate Capital LLP
Telephone: 020 3206 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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