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CMA Global Hedge (CMAE)

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Friday 15 October, 2010

CMA Global Hedge

Further information regarding

RNS Number : 4952U
CMA Global Hedge PCC Ltd
15 October 2010
 



CMA GLOBAL HEDGE PCC LIMITED

(the"Company")

 

FURTHER INFORMATION REGARDING THE COMPANY'S FORTHCOMING EXTRAORDINARY GENERAL MEETINGS

 

 

CASH DISTRIBUTIONS AND CASH PAYMENTS FROM THE ENTITLEMENT POOLS

 

The forthcoming Extraordinary General Meetings

On 8 October 2010 the Company announced the publication of a Circular, containing recommended proposals for a voluntary winding-up of the Company and Notices of two Extraordinary General Meetings to be held on 3 November and 10 November 2010 respectively.

 

The Board of the Company today further announces that, in light of representations made by one of the Company's largest Shareholders (holding more than 25 per cent. of the voting rights in the Company), the Chairman intends to move a proposal at each of the Extraordinary General Meetings that the relevant meeting be adjourned indefinitely.

 

The Board, along with the Company's Investment Manager and Corporate Broker, is actively considering the Company's options and will communicate further proposals to Shareholders in due course.

 

Cash distributions and cash payments

The Board also announces that the Company will make a cash distribution to Shareholders, by means of a compulsory redemption of Shares, as soon as practicable following this announcement. The Company will also make cash payments out of the Company's Entitlement Pools to persons who participated in the Company's redemption offers of December 2008, March 2009 and June 2009.

 

Details of the cash distribution and of the cash payments, including as to amounts, timings and means of settlement, will be announced in due course.

 

Unless otherwise defined, capitalised terms used in this announcement will have the same meaning given to such terms in the Circular of the Company dated 8 October 2010.

 

Enquiries

 

CMA +1 441 295 5929

Keri Wong

 

Oriel Securities Limited +44 (0) 20 7710 7600

Joe Winkley

Neil Langford

 

Oriel Securities Limited are acting exclusively for the Company and no one else in relation to the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Oriel Securities Limited or for giving advice in relation to this announcement or any transaction or arrangement referred to herein.


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