Result of EGM
March 20 2009 - 7:51AM
UK Regulatory
TIDMICH TIDMINH
Proposed Voluntary Winding-Up of Investec High Income Trust Plc ("The Company")
and Investec High Income Securities Plc ("The Subsidiary")
Results of General Meetings
20 March 2009
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On 25 February 2009, the Company sent a circular to its shareholders giving
notice of General Meetings of the Company and of the Subsidiary and outlining
details of the proposal to place the Company and the Subsidiary into members'
voluntary liquidation on 20 March 2009 in accordance with their respective
Articles and pursuant to the provisions of section 84(1)(b) of the Insolvency
Act 1986.
The Company now announces that all the resolutions proposed as set out in the
notices of General Meetings of the Company and of the Subsidiary to
shareholders dated 25 February 2009 were duly passed on a show of hands.
The Company also announces the following unaudited data using bid valuations:
Terminal Asset Value (TAV)
TAV per zero dividend preference share in the Subsidiary 195.54p
TAV per ordinary share in the Company as at 18 March 2009 34.01p
Distribution to ordinary shareholders is expected to take place in the week
commencing 27 April 2009 after the expiry of the creditors' claims period.
Accordingly, the TAV per ordinary share may be subject to change.
Enquiries
Martin Slade
Investec Investment Management Limited
Company Secretary
Telephone: 020 7597 2000
END
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