HFO Henderson Fin.

 

TIDMHFO 
 
RNS Number : 5906S 
Henderson Financial Opps Ltd 
13 September 2010 
 

Henderson Financial Opportunities Limited 
 
Future of the Company 
 
At an Extraordinary General Meeting held in September 2009, Shareholders 
approved proposals, including a revised investment policy, which sought to 
enable the Company to remain an attractive long term investment and in due 
course to increase in size in order to improve liquidity in the Ordinary Shares 
and also to reduce the impact of fixed running costs on each Shareholder. 
 
At the same time the Board, recognising that Shareholders would benefit from the 
comfort of knowing that, should these objectives not be achieved, they would 
have the opportunity to vote on the future of the Company, committed to propose 
an ordinary resolution at the annual general meeting of the Company to be held 
in 2011 that the Company continue as an investment company. If that resolution 
were not passed, then proposals to wind up or otherwise reconstruct the Company 
would be put to Shareholders within three months. 
 
In the recent interim report it was noted that, given the current uncertain 
outlook for the western economies, and thus for the markets, and some of the 
fears that still surround some banks and other financial institutions, it seemed 
increasingly unlikely that a fund-raising for the Company would be achievable in 
the short term. 
 
Following subsequent consultation with major Shareholders, the Board has now 
determined that it would be in the best interests of Shareholders as a whole if 
proposals to wind up the Company were put to Shareholders without the need to 
hold a continuation vote, and further should be put to Shareholders ahead of the 
Annual General Meeting to be held in 2011. 
 
The Board is currently in discussion with its advisers regarding the structure 
and timing of such proposals, and a further announcement will be made in due 
course. 
 
For further information please contact: 
 
Company 
Julian Tregoning, Chairman 
020 7818 6125 
 
Henderson 
James de Sausmarez, Head of Investment Trusts 
020 7818 3349 
 
Numis Securities 
David Benda / Nathan Brown, Corporate Broking 
020 7260 1275/1426 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUOVORRSAKAAR 
 

Grafico Azioni Henderson Fin. (LSE:HFO)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Henderson Fin. (LSE:HFO)
Storico
Da Lug 2023 a Lug 2024