DW CATALYST FUND LIMITED (IN VOLUNTARY
LIQUIDATION) (THE “COMPANY”)
Distribution to shareholders
At an extraordinary general meeting of the Company held on
2 August 2017, the shareholders of
the Company at that date (the “Continuing Shareholders”) passed
resolutions to wind-up the Company (the “Liquidation Resolutions”)
and appointed Linda Johnson and
Ashley Paxton of KPMG Channel
Islands Limited as joint liquidators (the “Liquidators”).
Following the passing of the Liquidation Resolutions, and the
passing of the Discount Trigger Resolution by the shareholders of
the Company on 9 March 2017 (which
obliged the Company to redeem all shareholders of the Company that
voted in favour of the Discount Trigger Resolution (the “Redeeming
Shareholders”)), the Liquidators announce their intention to make a
second interim liquidation payment to Continuing Shareholders and a
third interim liquidation payment to Redeeming Shareholders (the
“Payments”) of:
GBP £12.76095 per redeemable ordinary
share of no par value in the Company (the “Rate”)
The Payments have been calculated by reference to the proceeds
received by the Company from the third quarterly redemption of the
Company’s holding in DW Catalyst Offshore Fund, Ltd which has been
apportioned accordingly between the relevant number of Continuing
Shareholders and Redeeming Shareholders, in accordance with the
timetables referenced in the Company’s circulars to shareholders
dated 17 February 2017 and
12 July 2017, respectively.
As the Payments are being made in four quarterly tranches the
amount that will be paid to both Continuing Shareholders and
Redeeming Shareholders will be equal to 25% of the Rate stated
above.
The Payments will be paid by CREST on 15
March 2018 and 16 March 2018
for Redeeming Shareholders and Continuing Shareholders,
respectively.
Enquiries:
The Liquidators
Linda Johnson and Ashley Paxton
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WR
Tel: 01481 721 000
restructuring-ci@kpmg.com