WGI W&G Invest.

TIDMWGI

RNS Number : 1634T

W&G Investments PLC

15 November 2013

W&G Investments plc (the 'Company')

15 November 2013

Publication of Circular

The Company has today published a circular to shareholders convening a general meeting, to consider resolutions, inter alia, in relation to recommended proposals for (i) the proposed return of cash to the Company's shareholders through a solvent members' voluntaryliquidation, (ii) the cancellation of the ordinary shares of the Company from admission to trading on AIM and, (iii) the change of name of the Company (the "Circular"). The Circular is accompanied by a form of proxy.

Expected timetable

 
 Announcement of general meeting and dispatch         15 November 2013 
  of notice of general meeting 
 Latest time and date for receipt of forms            2.00 p.m. 
  of proxy for the general meeting 
                                                       12 December 2013 
 Suspension of dealings in the ordinary shares        8.00 a.m. 
  of the Company 
                                                       16 December 2013 
 General meeting                                      2.00 p.m. 
                                                       16 December 2013 
 Register closes and date for shareholder             6.00 p.m. 
  entitlement in respect of the liquidation 
  recorded 
                                                       16 December 2013 
 Cancellation of admission to trading of the          7.00 a.m. 
  ordinary shares of the Company from AIM 
                                                       17 December 2013 
 Payment of initial cash distribution via             Week commencing 
  CREST                                                27 January 2014 
 Payment of final cash distribution (subject          Week commencing 
  to tax clearances) by cheque only*                   24 March 2014 
 *Payment of the final cash distribution is dependent upon 
  (1) the agreement and settlement of any creditor claims submitted 
  to the liquidators, following the advertisement of the notice 
  to creditors to submit claims and (2) the receipt by the liquidators 
  of the necessary statutory clearances, including those requested 
  by HM Revenue and Customs (HMRC). A letter has been sent to 
  HMRC requesting confirmation that no corporation tax computations 
  are required but as at the date of this circular a response 
  has yet to be received. If HMRC requires computations to be 
  prepared, payment of the final cash distribution may need 
  to be deferred until such time as HMRC has confirmed that 
  it will not be raising any enquiries in relation to these 
  computations and has no claims against the company for corporation 
  tax 
 References to times are to London time 
 The above time and/or dates may be subject to change and, 
  in the event of such change, the revised times and/or dates 
  will be notified to shareholders by a Regulatory Information 
  Service announcement 
 

Enquiries:

   W&G Investments PLC                                                       +44 (0) 1992 644 909 

Andrew Higginson (Non-Executive Chairman)

   Canaccord Genuity Limited                                                +44 (0) 20 7523 8350 

Charles Williams (Advisory)

Bruce Garrow (Corporate Broking)

Peter Stewart (Corporate Broking)

Baden Hill +44 (0) 20 7448 4719

Matthew Wakefield

   Maitland (PR advisers)                                                        +44 (0) 20 7379 5151 

Neil Bennett

Andy Donald

This information is provided by RNS

The company news service from the London Stock Exchange

END

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