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Blue Capital - Result of Meeting

RNS Number : 7714V
Blue Capital Alternative Income Fd
25 July 2018
 


25 July 2018

Blue Capital Alternative Income Fund Limited (the "Company") (Ticker: "BCAI")

Results of Special General Meeting and Liquidation of the Company

The board of directors of the Company (the "Board") announce the results of its special general meeting of shareholders held earlier today (the "Special General Meeting").  

The resolutions regarding the liquidation of the Company proposed at the Special General Meeting were both passed on a poll.   Accordingly, Mike Morrison and Mark Allitt of KPMG Advisory Limited have now been appointed as the joint liquidators of the Company with the power to wind up the Company's affairs and to realise and distribute its assets.

The Company will now make applications for the cancellations of the admission of its Ordinary Shares to trading on the Specialist Fund Segment of the London Stock Exchange and their listing on the Bermuda Stock Exchange, which cancellations are expected to take effect on 26 July 2018.   

The Company received votes representing 78.6% of the Ordinary Shares in issue as at 25 July 2018.  Details of the votes validly cast are set out below:

 

Ordinary Resolutions

 

For

 

Against

Vote

Withheld*

THAT:

(a)             the Company be Wound Up voluntarily pursuant to the provisions of the Companies Act 1981, as amended (the "Act") and Mike Morrison and Mark Allitt of KPMG Advisory Limited, Crown House, 4 Par-la-Ville Road, Hamilton HM 08 Bermuda be and hereby are appointed as Liquidators of the Company with the power to act jointly or severally for the purpose of such Winding Up with all powers conferred on them by the Act, the Bye-laws or by this Ordinary Resolution, such appointment becoming effective on the passing of this Ordinary Resolution; and

(b)             the remuneration of the Liquidators be drawn in accordance with the letter of engagement dated 22 June 2018, together with the reimbursement of all reasonable out of pocket expenses and disbursements properly incurred in connection with the Winding Up of the Company out of the assets of the Company, be and hereby are approved.

134,714,458

3,177,471

0

THAT, conditional on the approval of the Winding Up Resolution, the Liquidators are hereby authorised to: (a) divide among the Shareholders in specie or in kind the whole or any part of the assets of the Company; and (b) vest the whole or any part of the assets of the Company in trustees upon such trust for the benefit of the Shareholders, in each case in accordance with the Bye-laws and as the Liquidators think fit, provided that, in each case, such authorisation shall be exercised in accordance with the Act, and any other Bermuda statute or law which applies to the Winding Up of the Company ("Bermuda Insolvency Law") and provided further that, in the event of conflict between the authorisation provided under this Ordinary Resolution and Bermuda Insolvency Law, the requirements under Bermuda Insolvency Law shall prevail.

134,714,458

3,177,471

0

 

* A Vote Withheld is not a vote in law and is not counted in the proportion of votes 'for' or 'against' a resolution.

Enquiries:

 

Company Website: www.bcai.bm.

 

Mike Morrison and Mark Allitt

KPMG Advisory Limited

Crown House,
4 Par-la-Ville Road,

Hamilton HM 08 Bermuda


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