Aberdeen Frontier Mkts Inv Co Ltd Result of Extraordinary General Meeting (4682W)
18 August 2020 - 1:35PM
UK Regulatory
TIDMAFMC
RNS Number : 4682W
Aberdeen Frontier Mkts Inv Co Ltd
18 August 2020
18 August 2020
ABERDEEN FRONTIER MARKETS INVESTMENT COMPANY LIMITED (the
"Company")
(in members' voluntary liquidation)
LEI: 213800X9N731I4IPK361
Result of Extraordinary General Meeting
The Board is pleased to announce that the resolutions to wind up
the Company and place the Company into members' voluntary
liquidation were voted on and approved by the Company's
shareholders at the Extraordinary General Meeting held earlier
today and that James Robert Toynton and Benjamin Alexander Rhodes,
both of Grant Thornton Limited, PO Box 313, Lefebvre House,
Lefebvre Street, St Peter Port, Guernsey, GY1 3TF have been
appointed as joint liquidators.
Votes
Resolution Votes For* % Votes Against % Votes Total Withheld
1. That the Directors
be authorised to
cancel the admission
of the Company's
shares to trading
on AIM 56,292,506 97.87 1,223,681 2.13 57,516,187 7,370
----------- ------ -------------- ----- ------------ ----------
2. That the Company
be wound-up voluntarily 56,293,346 97.88 1,216,946 2.12 57,510,292 13,266
----------- ------ -------------- ----- ------------ ----------
3. That the joint
liquidators be
authorised to divide
any part of the
Company's assets
in specie as they
think fit 56,288,887 97.92 1,197,265 2.08 57,486,152 37,405
----------- ------ -------------- ----- ------------ ----------
4. That the joint
liquidators be
given discretion
to pay any residual
sum to a charitable
cause if uneconomic
to distribute 56,297,175 97.92 1,198,104 2.08 57,495,279 28,278
----------- ------ -------------- ----- ------------ ----------
5. That the joint
liquidators are
appointed 56,303,899 97.92 1,197,265 2.08 57,501,164 22,393
----------- ------ -------------- ----- ------------ ----------
Resolutions 1 to 4 were proposed as Special resolutions with
resolution 5 being proposed as an Ordinary resolution
* The votes "For" include those votes giving the Chairman discretion.
The full text of the resolutions can be found in the Notice of
Extraordinary General Meeting contained in the Company's circular
dated 16 July 2020 (the "Circular"). The Circular is available for
viewing at the National Storage Mechanism ("NSM"). A copy of the
resolutions will shortly be submitted to the NSM and available for
inspection at:
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.
The Circular is also available in electronic format on the
Company's website, https://www.aberdeenfrontiermarkets.co.uk.
The Company's ordinary shares were suspended at 7.30 a.m. on 18
August 2020.
In accordance with AIM Rule 41, the Directors (through the
Company's Nominated Adviser) have notified the London Stock
Exchange of the company's intention to cancel the Company's
admission of the ordinary shares to trading on AIM at 7:00 a.m. on
19 August 2020.
Following the appointment of the joint liquidators, all further
enquiries regarding the Company should be made to Grant Thornton
Limited, contact details as below. The joint liquidators will seek
to distribute the substantial majority of the cash proceeds of the
winding-up of the portfolio, less the costs of the proposals and
any amount attributable to the Liquidation Fund, as described in
the Circular, as soon as practicable and expected to be in the
month of September 2020, to those shareholders appearing on the
register of members as at the record date of 17 August 2020.
Defined terms used in this announcement have the meanings given
in the Circular unless the context otherwise requires.
Enquiries:
Liquidators +44 (1)481 753 400
Jamie Toynton
Ben Rhodes Email:
Corporate.Recovery@gt-ci.com
Aberdeen Standard Investments
Gary Jones +44 (0)207 463 6000
Note: The content of the Company's web-pages and the content of
any website or pages which may be accessed through hyperlinks on
the Company's web-pages, other than the content of the document
referred to above, is neither incorporated into nor forms part of
the above announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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