Dekania Corp. Announces Stockholder Approval of its Dissolution and Liquidation
10 Februar 2009 - 1:13AM
PR Newswire (US)
PHILADELPHIA, Feb. 9 /PRNewswire-FirstCall/ -- Dekania Corp. (NYSE
Alternext US: DEK; DEK.WS; DEK.U) (the "Company") announced today
that its stockholders voted to approve the dissolution of the
Company and its proposed plan of liquidation, as presented in the
Company's proxy statement dated January 22, 2009, at the special
meeting of stockholders held on February 6, 2009. The Company
intends to file its Certificate of Dissolution with the Secretary
of State of the State of Delaware as soon as practicable. Following
the dissolution, and pursuant to the plan of liquidation, the
Company's securities will be delisted from NYSE Alternext US and it
will deregister its securities from the Securities and Exchange
Commission. As a result, the Company will no longer be a public
reporting company. Pursuant to the Company's Amended and Restated
Certificate of Incorporation, the Company will distribute the funds
in the trust account established as part of its initial public
offering ("IPO") to the holders of shares of common stock sold in
the IPO. The dissolution process will take time and management
cannot currently determine when it will commence distribution of
the funds in the Company's trust account. The Company will
subsequently announce the record date for determining the
shareholders entitled to receive liquidating distributions. No
payments will be made in respect of the Company's outstanding
warrants or to any of the Company's initial stockholders with
respect to the shares owned by them prior to the IPO.
Forward-Looking Statements Any statements contained in this press
release that do not describe historical facts may constitute
forward-looking statements as that term is defined by the United
States Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements contained herein are based on current
expectations, but are subject to a number of risks and
uncertainties that may cause actual results to differ materially
from expectations such as material adverse events affecting the
Company, the ability of the Company to complete a business
combination and those other risks and uncertainties detailed in the
Company's filings with the Securities and Exchange Commission.
Contact Information: David Nathaniel Secretary and Chief Investment
Officer Tel - 646-673-8020 http://www.dekaniacorp.com/ DATASOURCE:
Dekania Corp. CONTACT: David Nathaniel, Secretary and Chief
Investment Officer, +1-646-673-8020, Web Site:
http://www.dekaniacorp.com/
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