Results of Redemption Offer
27 Janeiro 2009 - 9:01AM
UK Regulatory
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
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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