EGM Statement
December 18 2009 - 6:33AM
UK Regulatory
TIDMGMFA
RNS Number : 3913E
Global MENA Financial Assets Ltd
18 December 2009
18 December 2009
GLOBAL MENA FINANCIAL ASSETS LIMITED
Result of EGM
Global MENA Financial Assets Limited (the Company) is pleased to announce the
results of the Extraordinary General Meeting of the Company held today, 18
December 2009 (the EGM).
Results of EGM
As set out in the announcement made by the Company on 23 November 2009, the
purpose of the EGM was to approve, by way of ordinary resolution (the
Resolution), the acquisition by the Company, through its indirect subsidiary,
Financial Assets Bahrain W.L.L (FAB), of 49 per cent. of the shares of KD100
each in the capital of Twenty Fourth Project Management Company W.L.L., pursuant
to the terms and conditions contained in the sale and purchase agreement dated
23 November 2009 between FAB, Global Investment House K.S.C.C., and Twenty
Fourth Project Management Company W.L.L. (the Transaction).
The Company is pleased to announce that the Resolution, as set out in the Notice
of EGM circulated to shareholders on 23 November 2009, was duly passed on a
poll.
Details of the votes received are as follows:
+-----------+------------+-----------+-----------+-----------+
| | For | Against |
+-----------+------------------------+-----------------------+
| | Number | % | Number | % |
+-----------+------------+-----------+-----------+-----------+
| | 60,290,393 | 90.20 | 6,553,040 | 9.80 |
+-----------+------------+-----------+-----------+-----------+
The Company expects that the regulatory procedures in Kuwait relating to the
Transaction will be completed in January 2010 and the Transaction will complete
thereafter.
For information please contact:
Alison Bilham
HSBC Security Services (Guernsey) Limited
T: +44 (0)1481 707
213
Financial Dynamics +44(0) 207 269 7114
Ed Gascoigne-Pees
Nick Henderson
Notes to Editors
About Global MENA Financial Assets Limited
Global MENA Financial Assets Limited ("GMFA") is a Guernsey incorporated
investment company formed on 2 June 2008 to make attractive absolute gains
through investment in a diversified portfolio of financial sector assets focused
predominantly in the MENA region (including Turkey).
www.gmfa.com
About Global Capital Management Ltd.
Global Capital Management Ltd. is the wholly-owned subsidiary of Global
Investment House K.S.C.C. The investment manager has one of the largest private
equity teams in the MENA region. The team is organised into transaction, due
diligence and organisational development and monitoring subgroups. The members
of the private equity team have diverse sector and geographic experience in
countries across the MENA and other emerging markets. The team collectively
maintains a broad network of institutional relationships within the regions
targeted for investments by GMFA. The private equity team currently manages
assets of more than US$3 billion.
This information is provided by RNS
The company news service from the London Stock Exchange
END
EGMCKFKNBBDDDBD
Global Mena (LSE:GMFA)
Historical Stock Chart
From Oct 2024 to Nov 2024
Global Mena (LSE:GMFA)
Historical Stock Chart
From Nov 2023 to Nov 2024
Real-Time news about Global Mena (London Stock Exchange): 0 recent articles
More Global Mena News Articles