TOPU Mwtops Usd

 
TIDMTOPU 
 
MW TOPS LIMITED (The "Company") 
 
                     RESULTS OF REDEMPTION OFFER 
 
The Board of MW TOPS Limited (the "Company") today announces the 
results of the proposals put to shareholders in the Company to redeem 
all or part of their investment in the Company at net asset value per 
share less costs (the "Redemption Offer"), as set out in the Circular 
to shareholders dated 20 November 2008. 
 
Redemption requests totalling approximately 84% of the net assets of 
the Company were received.  As a consequence, following the 
completion of the Redemption Offer, the number of shares remaining in 
each class is as follows: 
 
 
Share class     Number of issued shares remaining 
                (excluding treasury shares) 
Euro                                    6,935,876 
Pounds Sterling                         6,183,916 
US Dollar                               1,629,474 
 
 
In accordance with the timetable set out in the Circular, the 
announcement of the Redemption Price for each share class and 
notification to Shareholders of the actual number of their Shares 
redeemed pursuant to the Redemption Offer will be made on or before 
30 January 2009. 
 
Commenting on the results of the Redemption Offer, Sir Andrew Large, 
Chairman of MW TOPS Limited, said: 
 
"We are pleased to report that the Redemption Offer successfully 
provided liquidity for shareholders who were facing widening 
discounts of share prices to NAV and highlights the Board and 
Marshall Wace LLP's commitment to acting in accordance with the 
interests of shareholders. 
 
"Marshall Wace LLP has advised the Board that it remains committed to 
the TOPS investment process and, together with the Board, will 
continue to work to ensure that shareholders benefit from what 
remains a highly differentiated and highly diversified strategy. The 
Investment Manager has also advised the Board that there has been 
interest from a number of shareholders that have chosen to redeem 
their shares in the Company to reinvest their proceeds in Marshall 
Wace LLP's other TOPS-based investment vehicles, indicating their 
continued confidence in the TOPS strategies." 
 
This announcement 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. Results achieved in the past are no guarantee of future 
results. 
 
For further information please contact: 
 
Anson Fund Managers Limited 
Company Secretary 
Tel: +44 (0) 1481 722260 
 
E&OE In Transmission 
 
27 January 2009 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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