Funds Update
October 18 2007 - 2:03AM
UK Regulatory
RNS Number:9227F
Absolute Capital Mgmt Holdings Ltd
18 October 2007
Absolute Capital Management Holdings Limited
("the "Company")
Funds Update
The Company announces that extraordinary general meetings of Absolute European Catalyst Fund Limited, Absolute Octane
Fund Limited, Absolute Return Europe Fund Limited and Absolute East West Fund Limited have been called for 27 October
2007. The meetings will be held at the Courtyard Marriott Hotel, West Bay Road, Grand Cayman, Cayman Islands on 27
October 2007 commencing at 10:00am (Cayman Islands time). Notices of meeting and proxy materials were sent to fund
shareholders by the funds' administrator, Fortis Prime Fund Solutions (IOM) Limited, on 17 October 2007.
The purpose of the meetings is to consider and approve the proposed restructuring of the funds on the basis set forth
in the circular sent to shareholders on 27 September 2007, and specifically, to approve the modification of shareholder
rights which will result from the implementation of the restructuring. As announced by the Company on 15 October 2007,
the meetings have been necessitated as a result of the orders of the Grand Court of the Cayman Islands dated 10 October
2007 and related undertakings given by these funds in respect of petitions filed by Mr. John Bruhl, a shareholder of
the Absolute European Catalyst Fund Limited and the Absolute Octane Fund Limited.
As the approval of the restructuring proposals will now be put to a vote at the meetings requiring 75% to vote in
favour, the consent form process set out in the 27 September 2007 circulars sent to investors in the Absolute European
Catalyst Fund Limited, Absolute Octane Fund Limited Absolute Return Europe Fund Limited and Absolute East West Fund
Limited will be discontinued in respect of these funds. Investors in the Absolute Octane Fund L.P. and the Absolute
East West Fund L.P. are however being requested to complete the consent forms as this process remains the operative
form of approval in respect of the limited partnership funds. The Company wishes to thank those investors who have
submitted consent forms for their prompt action and support and regrets that the further action is now required to
approve the proposals.
The Company is encouraged by the indications of support received for the proposed fund restructuring and expects that
fund shareholders will vote to approve the restructuring proposals at the forthcoming meetings.
Enquiries:
Absolute Capital Management +34 (971) 765553
Holdings Limited
Jonathan Treacher, CEO
Panmure Gordon 020 7459 3600
Dominic Morley
Cardew Group 020 7930 0777
Tim Robertson
Shan Shan Willenbrock
David Roach
This information is provided by RNS
The company news service from the London Stock Exchange
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