Publication of Circular
18 Maggio 2011 - 5:06PM
UK Regulatory
TIDMSVU
SVM UK Active Fund PLC (the "Company")
RIS Announcement
Publication of Circular
18 May 2011
Further to the Company's announcement of 16 May 2011, the Board has today
published a circular to Shareholders recommending that they accept the Cyrun
Offer immediately.
The Board makes this recommendation because with Cyrun now owning in excess of
42% of the Company's Shares and thus having effective control of the Company,
there is considerable uncertainty over the future direction and management of
the Company for any Shareholders remaining invested in it.
A copy of the Circular will shortly be submitted to the National Storage
Mechanism and will shortly be available for inspection at
http://www.hemscott.com/nsm.do
All enquiries
Carolina Viola Tel: 0131 226 6699
Company Secretary
Jane Lewis Tel: 020 3100 0295
Winterflood Investment Trusts
Roland Cross Tel: 020 7776 0512
Broadgate Mainland
The directors of the Company accept responsibility for the information
contained in this document, except that the only responsibility in respect of
the summary of the terms and conditions of the offer by Cyrun, which has been
extracted from the offer document dated 6 May 2011 issued by Cyrun, is to
ensure that it has been correctly and fairly reproduced and represented.
Subject as aforesaid, to the best knowledge and belief of the directors (who
have taken all reasonable care to ensure that such is the case), such
information is in accordance with the facts and does not omit anything likely
to affect the import of such information.
Winterflood Securities Limited, is acting exclusively for the Company and
no-one else in connection with the offer by Cyrun, and will not be responsible
to anyone other than the Company for providing the protections afforded to
clients of Winterflood Securities Limited or for providing advice in relation
to the offer by Cyrun.
END
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