PSD Psource

TIDMPSD

RNS Number : 8975E

PSource Structured Debt Limited

16 May 2013

PSOURCE STRUCTURED DEBT LIMITED

(Registration Number) 47075

 
 For immediate release    16 May 2013 
----------------------  ------------- 
 

The Directors of PSource Structured Debt Limited (the Company) announce that the resolutions put to shareholders at the Extraordinary General Meeting held today in connection with the recommended proposal for the winding up of the Company were duly passed.

The results of the vote are as follows:-

 
 Resolution 1       In Favour    Against   Withheld 
-----------------  -----------  --------  --------- 
 Votes              16,996,014   0         0 
-----------------  -----------  --------  --------- 
 % of votes cast    28.53%       0         0 
-----------------  -----------  --------  --------- 
 Resolution 2       In Favour    Against   Withheld 
-----------------  -----------  --------  --------- 
 Votes              16,996,014   0         0 
-----------------  -----------  --------  --------- 
 % of votes cast    28.53%       0         0 
-----------------  -----------  --------  --------- 
 

Application will now be made to the UK Listing Authority and London Stock Exchange for the listing and trading of the Ordinary Shares to be cancelled on 17 May 2013.

The voluntary winding up of the Company is now deemed to commence. As detailed in its circular dated 19 April 2013, the Company currently has very limited cash resources and therefore it is not expected that there will be any distribution to shareholders immediately following the appointment of the liquidators. Shareholders should note that the timing and value of any distributions to shareholders during the Company's winding up will be subject to the disposal of the Company's investments (which are illiquid and whose realisation will be subject to asset-specific factors and to market conditions) and to the Company's on-going working capital requirements. It is not currently possible, due to the illiquid nature of the Company's investments, to estimate the expected timing of any distribution or of the conclusion of the winding up. Any distribution will only be made subject to the liquidators' statutory duties to seek out, adjudicate and pay creditors' claims.

ENQUIRIES

PSource Capital Limited

Soondra Appavoo, Tel. +44 20 7925 3156

Numis Securities Limited

Nathan Brown, Tel. +44 20 7260 1000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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