HGPC Hend. Global

TIDMHGPC

RNS Number : 3037F

Henderson Global Property Companies

20 April 2011

20 April 2011

HENDERSON GLOBAL PROPERTY COMPANIES LIMITED (in members' voluntary liquidation)

Result of General Meeting held on 19 April 2011

Further to the proposals for the reconstruction and winding up of the Company which were announced on 15 March 2011, the special resolution placing the Company in liquidation and giving final effect to the Scheme was duly passed at the General Meeting held yesterday. Accordingly, Gareth Rutt Morris of FRP Advisory, 10 Furnival street, London EC4A 1YH and James Robert Toynton of Grant Thornton, Lefebvre House, Lefebvre Street, St Peter Port, Guernsey GY1 3ZF have been appointed liquidators of the Company.

For the purposes of the Scheme, the net asset value for those shares with A rights, B rights and C rights has been calculated as 66.0p per share. Assets are being allocated to the GPEF Rollover Pool, the HINT Rollover Pool and the Cash Pool in proportion to elections (and deemed elections) received and announced on 8 April 2011. In addition, the Company is retaining its interest in one unquoted investment which is expected to be sold within the near future, and it is intended that when the proceeds of sale are received they will be distributed separately by the Liquidators in cash pro-rata to all shareholders on the register on the record date.

Contract notes in respect of GPEF Shares which are being allotted at the price of GBP8.12 per share, will be issued to Shareholders who elected to receive GPEF Shares during the week commencing 25 April 2011. Cheques are expected to be despatched and CREST payments made to Shareholders in respect of cash elections under the Scheme in the week commencing 25 April 2011. Any remaining balance in the Liquidation Pool will be distributed in cash to Shareholders in due course.

For those electing for HINT shares, applications under the scheme, the placing and the offer for subscription have been received for over 40 million ordinary shares (with subscription shares attached on a 1 for 5 basis). The Board of HINT intends to proceed with admission and is currently completing documentation required to close the placing and offer for subscription. The issue remains conditional upon the admission of the ordinary and subscription shares to the official list of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. Admission will become effective, and dealings on the London Stock Exchange will commence, before the long stop date of 12 May 2011. A further announcement will be made in due course.

A copy of the resolution passed at the General Meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at: www.hemscott.com/nsm.do.

Capitalised terms used in this announcement shall, unless the context requires otherwise, bear the meanings given to them in the Company's circular dated 15 March 2011.

For further information, please contact:

Sara Bourne

Company Secretary

BNP Paribas Fund Services (Guernsey) Limited

Telephone: 01481 750858

James de Sausmarez

Director and Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 3349

Sarah Gibbons-Cook

Investor Relations and PR Manager

Henderson Global Investors

Telephone: 020 7818 3198

Paul Fincham or Jonathan Becher

Matrix Corporate Capital LLP

Telephone: 020 3206 7000

This information is provided by RNS

The company news service from the London Stock Exchange

END

REGSEDFISFFSELL

Hend. Global (LSE:HGPC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Hend. Global (LSE:HGPC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024