Information  X 
Enter a valid email address

Capital Opportunitie (48CL)

  Print      Mail a friend

Monday 22 December, 2003

Capital Opportunitie

Result of EGM - Amendment

Capital Opportunities Trust PLC
22 December 2003

AMENDED ANNOUNCEMENT



CAPITAL OPPORTUNITIES TRUST PLC



The Company wishes to advise that the figures in paragraph four of the
announcement, released on the RNS system under RNS number 2920T on Tuesday 16
December 2003 at 07:00, should have read '120.1p', '107.4p' and '107.4P' and not
'1.201p', '1.074p' and '1.074p', respectively.



The full amended text appears below.



CAPITAL OPPORTUNITIES TRUST PLC (IN MEMBERS' VOLUNTARY LIQUIDATION) ('COT' OR
THE 'COMPANY')



RESULTS OF SECOND EXTRAORDINARY GENERAL MEETING RELATING TO SCHEME OF
RECONSTRUCTION



An extraordinary general meeting of COT was held on Monday, 15 December 2003, at
which resolutions to wind up the Company voluntarily, to appoint liquidators of
COT and to approve certain related administrative matters were passed.
Accordingly, the scheme for the reconstruction and liquidation of COT under
section 110 of the Insolvency Act 1986 described in the circular to shareholders
of COT dated 6 November 2003 (the 'Scheme') has now become effective.



The listing of the COT shares in the Official List of the UK Listing Authority,
and dealings in COT shares on the London Stock Exchange, were suspended at 7.30
a.m. on 15 December 2003.



Under the Scheme:

•         holders of 5.7% of COT's issued share capital, who validly elected to
roll over their holding in COT into shares ('New Fund Shares') in JOHCM UK
Growth Fund, a sub-fund of JO Hambro Capital Management Umbrella Fund plc, (the
'Fund') but not immediately to redeem those shares (the 'Roll-over Option'),
will receive, for each COT share in respect of which such election was made,
0.868 New Fund Shares (in the case of those shareholders rolling over an
investment into New Fund Shares which exceeds the Sterling equivalent of
€125,000) and 0.971 New Fund Shares (in the case of all other shareholders who
have elected for the Roll-over Option); and

•         holders of 72.4% of COT's issued share capital, who validly elected to
roll over their holding in COT into New Fund Shares and immediately to redeem
all of those shares for cash (the 'Redemption Option'), will receive, for each
COT share in respect of which such election was made, 0.966 New Fund Shares,
which were redeemed for cash on 15 December 2003.



The issue price of a New Fund Share for the institutional class of 120.1p and
the issue price of a New Fund Share for the retail class of 107.4p have been
calculated by reference to the value of the net assets of the Fund at 12.30 p.m.
(Luxembourg time) on 15 December 2003.  All New Fund Shares issued pursuant to
the Redemption Option were of the retail class and the redemption price of such
shares was also calculated by reference to the value of the net assets of the
Fund as at that time and accordingly the redemption price of such shares was
107.4p.



COT shareholders who elected for the Roll-over Option will receive written
confirmation of the number of New Fund Shares issued to them. Such confirmations
are expected to be despatched during the course of this week.  Redemption
proceeds are expected to be despatched to COT shareholders who elected for the
Redemption Option on Friday, 19 December 2003 or as soon as practicable
thereafter.  Likewise, cheques in respect of the cash amounts due in relation to
COT shares in respect of which no valid election for either the Roll-over Option
or the Redemption Option was made, being 21.9% of COT's issued share capital,
are expected to be despatched to the holders of such shares on Friday, 19
December 2003 or as soon as practicable thereafter.



Enquiries:

Gareth Morris             RSM Robson Rhodes LLP             020 7865 2488



Gordon Neilly             Intelli Corporate Finance Limited    020 7653 6300





This announcement, which has been issued by the Company, has been approved by
Intelli Corporate Finance Limited for the purposes of section 21 of the
Financial Services and Markets Act 2000.  Intelli Corporate Finance Limited,
which is authorised and regulated in the United Kingdom by the Financial
Services Authority, is acting for Capital Opportunities Trust plc and for no one
else in connection with the Scheme and will not be responsible to anyone other
than Capital Opportunities Trust plc for providing the protections afforded to
customers of Intelli Corporate Finance Limited or for affording advice in
relation to the Scheme.




                      This information is provided by RNS
            The company news service from the London Stock Exchange                          

a d v e r t i s e m e n t