DW Catalyst Fund Ltd Discount Trigger Meeting Circular
February 17 2017 - 8:04AM
UK Regulatory
TIDMDWCG TIDMDWCU
DW Catalyst Fund Limited (the "Company")
(a closed-ended collective investment scheme established as a company with
limited liability under the laws of Guernsey with registered number 52520)
Publication of Discount Trigger Meeting Circular
17 February 2017
The Company announced on 9 February 2017 that the Discount Trigger Resolution
procedure contained in the Company's Articles of Incorporation had been
triggered in respect of the year ended 31 December 2016.
The Company will today post a Circular to Shareholders convening a Discount
Trigger Meeting at 10.30 a.m. on 9 March 2017, at which the Discount Trigger
Resolution will be proposed.
The Circular also sets out an explanation of the business to be considered at
the Discount Trigger Meeting, and the consequences of the Discount Trigger
Resolution being approved or rejected by Shareholders.
If the Discount Trigger Resolution, which will be proposed as an ordinary
resolution, is rejected, the Directors will take no further action and no
Shares will be redeemed. The earliest that another Discount Trigger Resolution
may be required to be proposed under the Articles would be in respect of the
year ending 31 December 2017, depending on the share price performance of the
Shares compared to the Company's NAV.
If the Discount Trigger Resolution is passed, the Company must redeem all
Shares which are voted in favour of the Discount Trigger Resolution (the "
Redeeming Shares"). Shares which are voted against the Discount Trigger
Resolution, or which are not voted, will not be redeemed pursuant to the
Discount Trigger Resolution.
All Redeeming Shares will be redeemed by the Company on 1 August 2017.
Redeeming Shareholders will receive the Redeeming Share Redemption Proceeds in
four quarterly instalments following each of 1 August and 1 November 2017 and 1
February and 1 May 2018, subject to the retention of a Hold-back Amount in
certain circumstances, as more fully described in the Circular.
Expected Timetable
The expected timetable for the Discount Trigger Meeting and, if the Discount
Trigger Resolution is approved, the return of proceeds to Redeeming
Shareholders, is set out below:
Discount Trigger Meeting
Latest time and date for settlement of 10.30 a.m. on 7 March 2017
Redeeming Shares held in CREST into escrow
Latest time and date for receipt of 10.30 a.m. on 7 March 2017
Redemption Forms
Latest time and date for receipt of Forms of 10.30 a.m. on 7 March 2017
Proxy for the Discount Trigger Meeting
Discount Trigger Meeting 10.30 a.m. on 9 March 2017
Results of Discount Trigger Meeting 9 March 2017
announced
Redemption of Redeeming Shares if the Discount Trigger Resolution is approved
Redemption Date for Redeeming Shares and 1 August 2017
calculation date for first instalment of
Redeeming Share Redemption Proceeds
Earliest date for payment of first Mid-September 2017
instalment of Redeeming Share Redemption
Proceeds
Calculation date for second instalment of 1 November 2017
Redeeming Share Redemption Proceeds
Earliest date for payment of second Mid-December 2017
instalment of Redeeming Share Redemption
Proceeds
Calculation date for third instalment of 1 February 2018
Redeeming Share Redemption Proceeds
Earliest date for payment of third Mid-March 2018
instalment of Redeeming Share Redemption
Proceeds
Calculation date for fourth instalment 1 May 2018
of Redeeming Share Redemption Proceeds
Earliest date for payment of fourth Mid-June 2018
instalment of Redeeming Share Redemption
Proceeds, adjusted, if necessary, to
take into account the Hold-back Amount
(if any)
Approximate date for payment of relevant After March 2019
portion of the Hold-back Amount (if any)
to Redeeming Shareholders
Terms used and not defined in this announcement shall have the meanings given
to them in the Circular.
A copy of the circular has been submitted to the National Storage Mechanism and
will shortly be available for inspection at: www.morningstar.co.uk/uk/NSM and
will also be made available on the Company's website www.dwcatalystltd.com.
Enquiries:
Company website: www.dwcatalystltd.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Rebecca Booth
Tel: +44 (0) 1481 745189
RB235@ntrs.com
DW Partners, LP
Laura Rose
Tel: +1 212 751 5872
Laura.Rose@dwpartners.com
END
(END) Dow Jones Newswires
February 17, 2017 09:04 ET (14:04 GMT)
DW Catalyst. ?? (LSE:DWCG)
Historical Stock Chart
From Apr 2024 to May 2024
DW Catalyst. ?? (LSE:DWCG)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about DW Catalyst. ?? (London Stock Exchange): 0 recent articles
More DW Catalyst. £ News Articles