Cancellation notice
May 20 2010 - 2:00AM
UK Regulatory
TIDMPEJR
RNS Number : 2367M
Prospect Epicure J-REIT Val Fd PLC
20 May 2010
Prospect Epicure J-REIT Value Fund plc (the "Company")
20 May 2010
Proposal for voluntary liquidation of the Company
Intention to seek cancellation of admission to trading on AIM
Intention to make third capital distribution
As set out in the announcement of the final results for the year ended 31
December 2009 released on 30 April 2010, since all of the Company's investments
have now been sold and converted into cash, it is the Directors' intention to
convene an extraordinary general meeting of the Company at which an ordinary
resolution will be put to shareholders for the voluntary winding up of the
Company and the appointment of a liquidator. In addition, the Company also
intends to put to shareholders a resolution seeking the cancellation of
admission to trading on AIM of the Company's ordinary shares in accordance with
the AIM Rules for Companies.
Prior to the commencement of the liquidation, the Directors propose to make a
third capital distribution to Shareholders. An announcement will be made in due
course providing details of the amount, the record date and the payment date of
any such distribution.
The circular to shareholders convening the extraordinary general meeting is
expected to be posted to shareholders shortly. In advance of that, the Company
would like to update shareholders with the expected timetable for the
extraordinary general meeting and cancellation of the shares to trading on AIM.
+-------------------------------------------+------------------+
| Last day for dealings on the London Stock | 11 June 2010 |
| Exchange on a normal settlement basis | |
+-------------------------------------------+------------------+
| Latest time and date for receipt of Forms | 9.00a.m. on 15 |
| of Proxy for the EGM | June 2010 |
+-------------------------------------------+------------------+
| Suspension of trading in the Ordinary | 7.00a.m. on 17 |
| Shares on AIM | June 2010 |
+-------------------------------------------+------------------+
| Extraordinary General Meeting | 3.00p.m. on 17 |
| | June 2010 |
+-------------------------------------------+------------------+
| Appointment of Liquidator | 17 June 2010 |
+-------------------------------------------+------------------+
| Cancellation of Ordinary Shares from | 7.00a.m. on 18 |
| trading on AIM | June 2010 |
+-------------------------------------------+------------------+
Shareholders should be aware that trading in the Ordinary Shares on AIM will be
suspended from 7.00a.m. on 17 June 2010, in advance of the EGM, as the Company
would no longer be considered to be an appropriate company for AIM on the
commencement of a liquidation process. If Cancellation is not approved but
Shareholders approve the liquidation, trading of the Ordinary Shares would not
be restored.
No provision has been made for trading in the Ordinary Shares following
Cancellation. Shareholders holding their Ordinary Shares in uncertificated form,
that is in CREST, will receive share certificates which will serve as evidence
of ownership of Ordinary Shares following Cancellation.
Contacts:
+------------------------------+------------------------------+
| Leonard O'Brien, Director | +41 (0) 22 908 1190 |
+------------------------------+------------------------------+
| Prospect Epicure J-REIT | |
| Value Fund PLC | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Andrew Potts | +44 (0) 20 7459 3600 |
+------------------------------+------------------------------+
| Panmure Gordon | |
+------------------------------+------------------------------+
| | |
+------------------------------+------------------------------+
| Ian Dungate / Suzanne Jones | +44 (0) 1624 692600 |
+------------------------------+------------------------------+
| Galileo Fund Services | |
| Limited | |
+------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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