11 May
2016
SCHRODER GLOBAL
REAL ESTATE SECURITIES LIMITED (IN VOLUNTARY LIQUIDATION)
RESULTS OF SECOND
GENERAL MEETING AND RESIDUAL NET ASSET VALUE PER SHARE
Further to the proposals for its reconstruction and voluntary
winding up, the Company announces that the resolutions put forward
at the Second General Meeting of the Company, held today, have been
approved by Shareholders. Patrick Joseph
Brazzill and Stuart Gardner
of Ernst & Young LLP, Royal
Chambers, St Julian’s Avenue, St.Peter Port, Guernsey, GY1 4AF have been
appointed liquidators of the Company. The Scheme has become
effective. A copy of the resolutions from the Meeting are available
on the National Storage Mechanism at
www.morningstar.co.uk/uk/nsm.
The Residual Net Asset Value per Share (being the net asset
value per Share minus the Retention and after providing for the
liabilities to be discharged out of the Voluntary Winding Up Pool)
calculated at the close of business on 10
May 2016 in accordance with the Scheme was 140.94 pence. Shareholders who have elected to
receive cash will receive £1.4094 for every Share held.
In accordance with the Scheme, the assets comprising the
Rollover Pools are being revalued, in the case of the SUTL GPS
Rollover Pool by the SUTL Custodian as at 12.00 noon today and in
the case of the SISF GPS Rollover Pool by the SISF Custodian as at
3.00 p.m. today. The issue price for
the SUTL GPS Units and the SISF GPS Shares should also be known
later today. Accordingly an announcement will be made tomorrow
confirming the ratio per Share of the SUTL GPS Units and SISF GPS
Shares which will be issued to Shareholders who have elected to
receive SUTL GPS Units and SISF GPS Shares respectively.
The Company has requested the cancellation of the listing of the
ordinary shares on the Official List; this cancellation is expected
to take effect at 8.00 a.m. on
8 June 2016.
Defined terms used in this announcement have the meanings given
in the circular published by the Company on 3 March 2016 unless the context otherwise
requires.
Enquiries:
Neil Turner
Schroder Real Estate Investment
Management Limited
Tel :
+44 (0) 207 658 3017 or +44 (0) 207 658 3780
Franczeska Hanford
Northern Trust International Fund
Administration Services (Guernsey) Limited
Tel: +44 (0) 1481
745918
Paul Fincham or Jonathan Becher
Panmure Gordon
Tel : +44 (0) 207 886 2500
END