TOPU Mwtops Usd

 
TIDMTOPU 
 
MW TOPS Limited (the "Company") 
 
                Proposed Reconstruction and Voluntary Winding Up 
 
The  consultation process with shareholders that was announced on 22 April 2010 
has  now concluded.  As a result of the feedback received from shareholders, the 
Board of the Company has resolved that all shareholders will be asked to vote at 
the forthcoming AGM in July 2010 on proposals to roll their existing holdings in 
the Company into an Irish-domiciled UCITS fund (the "UCITS Fund") and to wind up 
the  Company  (together,  the  "Proposals").   It  will  be  proposed that those 
shareholders not eligible to invest in the UCITS Fund will not receive shares of 
the  UCITS  Fund  but  will  instead  receive  cash proceeds once any applicable 
anti-money laundering checks have been satisfied. 
 
The  UCITS  Fund,  which  is  managed  by  the  Company's investment manager, is 
European  equities-focused and utilises the  TOPS investment process.  The UCITS 
Fund  offers weekly dealings in its shares, which are issued and redeemed at its 
prevailing net asset value per share. 
 
It  is expected that  the circular relating  to the Proposals  and the other AGM 
business  will be posted to shareholders by  the end of June 2010.  The circular 
will contain full details of the Proposals. 
 
The  Proposals will require the approval of 75 per cent of the votes cast at all 
of  the separate class  meetings of the  Company (for the  Euro Shares, Sterling 
Shares  and US$ Shares)  and also at  the AGM immediately  following these class 
meetings. 
 
If  the Proposals are  approved, it is  expected that the  reconstruction of the 
Company and the commencement of the winding-up process will take effect in early 
September  2010.  If  the  Proposals  are  not  approved  (at  any  of  the four 
shareholder  meetings referred to above), the Company  will not be wound up, and 
will continue in operation in accordance with the articles of the Company. 
 
This  document  is  for  information  purposes  only  and  is  not  an offer  to 
invest. The  Company is  registered with  the Dutch  Authority for the Financial 
Markets  as a collective investment scheme which may offer participations in The 
Netherlands  pursuant to article  2:66 of the Financial  Markets Supervision Act 
(Wet  op het financieel  toezicht).  All investments  are subject to risk.  Past 
performance  is  no  guarantee  of  future  returns.   Prospective investors are 
advised  to  seek  expert  legal,  financial,  tax and other professional advice 
before making any investment decision.  The value of investments may fluctuate. 
 
For further information about this announcement contact: 
 
Anson Fund Managers Limited 
Secretary 
Tel: +44 (0)1481 722260 
 
Marshall Wace LLP 
Greg Saffer - Investor Relations 
Tel: +44 (0)207 316 2271 
 
Tuesday 1 June 2010 
 
E&OE - in transmission 
 
                              END OF ANNOUNCEMENT 
 
 
[HUG#1420754] 
 

Grafico Azioni Mwtops Usd (LSE:TOPU)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Mwtops Usd (LSE:TOPU)
Storico
Da Mag 2023 a Mag 2024