Result of EGM and Class Meeting
(Thomson Reuters ONE) - TAPESTRY INVESTMENT COMPANY PCC LIMITED RESULTS OF EXTRAORDINARY GENERAL MEETING AND CLASS MEETING 11 September 2009Tapestry Investment Company PCC Limited (the "Company") announcesthat further to the Circular filed on 21 August 2009, shareholdershave voted in favour of the resolutions that the Company undergo amanaged wind-down at the Extraordinary General Meeting and ClassMeeting held earlier today. Of those shareholders who voted, theResolutions were approved by 99.94%.It is anticipated that the first compulsory redemption will takeplace mid November 2009. An announcement will be made in due courseas to the amount available for distribution and the resulting numberof Shares that will be redeemed pro rata.Voting ResultsExtraordinary General Meeting of the holders of participatingredeemable preference shares in the multi-strategy (GBP) cell of theCompany ("Cell Shares") and non-participating shares of no par valuein the capital of the Company ("Management Shares")+-------------------------------------------------------------------+| | Resolutions | For | Against | Discret-ion || | | | | ||---+--------------------------+------------+---------+-------------|| 1 | Extraordinary Resolution | 62,237,494 | 6,750 | 30,000 || | THAT, conditional upon | | | || | the passing of an | | | || | identical Extraordinary | | | || | Resolution by the | | | || | holders of Cell Shares | | | || | at a separate Class | | | || | Meeting and upon the | | | || | passing of Resolution 2 | | | || | set out below, the | | | || | Company modifies its | | | || | investment objective and | | | || | policy in the terms | | | || | stated in Part I of the | | | || | Circular. | | | || | | | | ||---+--------------------------+------------+---------+-------------|| 2 | Special Resolution | 62,237,494 | 6,750 | 30,000 || | THAT, conditional upon | | | || | the passing of an | | | || | identical Extraordinary | | | || | Resolution by the | | | || | holders of Cell Shares | | | || | at a separate Class | | | || | Meeting and upon the | | | || | passing of Resolution 1 | | | || | set out above, the | | | || | Articles of | | | || | Incorporation of the | | | || | Company be rescinded in | | | || | whole and substituted | | | || | with the New Articles of | | | || | Incorporation | | | || | incorporating, inter | | | || | alia, provisions for | | | || | ongoing compulsory | | | || | redemptions, in the form | | | || | presented to the meeting | | | || | and initialled by the | | | || | Chairman for the purpose | | | || | of identification. | | | || | | | | |+-------------------------------------------------------------------+Class Meeting of the holders of Cell Shares+-------------------------------------------------------------------+| | Extraordinary | For | Against | Discret-ion || | Resolutions | | | || | | | | ||---+--------------------------+------------+---------+-------------|| 1 | THAT, conditional upon | 57,701,098 | 6,750 | 30,000 || | the passing of an | | | || | identical Extraordinary | | | || | Resolution by the | | | || | Shareholders of the | | | || | Company at an | | | || | Extraordinary General | | | || | Meeting of the Company | | | || | and upon the passing of | | | || | Resolution 2 set out | | | || | below, the Company | | | || | modifies its investment | | | || | objective and policy in | | | || | the terms stated in Part | | | || | I of the Circular. | | | || | | | | ||---+--------------------------+------------+---------+-------------|| 2 | THAT, conditional upon | 57,701,098 | 6,750 | 30,000 || | the passing of an | | | || | identical Special | | | || | Resolution by the | | | || | Shareholders of the | | | || | Company at an | | | || | Extraordinary General | | | || | Meeting of the Company | | | || | and upon the passing of | | | || | Resolution 1 set out | | | || | above, the Articles of | | | || | Incorporation of the | | | || | Company be rescinded in | | | || | whole and substituted | | | || | with the New Articles of | | | || | Incorporation | | | || | incorporating, inter | | | || | alia, provisions for | | | || | ongoing compulsory | | | || | redemptions, in the form | | | || | presented to the meeting | | | || | and initialled by the | | | || | Chairman for the purpose | | | || | of identification. | | | || | | | | |+-------------------------------------------------------------------+Contacts for queriesTapestry Investment Company PCC LimitedMel Carvill (Chairman)01481 727111Ann Spelman (Company Secretary)01481 752441Collins Stewart Europe LimitedAndrew Zychowski020 7523 8363Lucy Lewis020 7523 8360Collins Stewart, which is authorised and regulated by the FinancialServices Authority, is acting for the Company and for no one else inconnection with the matters detailed in this announcement and willnot be responsible to anyone other than the Company for providing theprotections afforded to clients of Collins Stewart or for affordingadvice in relation hereto, or any other matters referred to herein.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.09.2009 - 18:38 Uhr
Sprache: Deutsch
News-ID 5736
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