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Blue Capital - Notice of Special General Meeting

RNS Number : 8063S
Blue Capital Alternative Income Fd
27 June 2018
 


27 June 2018

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

On 9 May 2018, the Board announced its intention to recommend an orderly run-off of the Company.  Having assessed the alternative options for implementation of this orderly run-off, the Board has concluded that it is in the best interests of the Company to be voluntarily wound-up and intends to recommend this action to Shareholders at a Special General Meeting to be held during the course of July 2018. 

Consequently, the Company has today published a circular to shareholders containing a notice convening a Special General Meeting to be held at 9:00 a.m. (Bermuda time) on 25 July 2018 at which resolutions (the "Resolutions") will be proposed to shareholders regarding the liquidation of the Company (the "Proposals").

Details of the proposed timing for the liquidation of the Company are included in the shareholder circular and the expected timetable is set out below.

In light of the proposed Resolutions, application will be made to the London Stock Exchange for suspension of the trading of the Company's Ordinary Shares on the Main Market at 7:30 a.m. on 25 July 2018. The Register will be closed and the Ordinary Shares disabled in CREST at 5:00 p.m. on 24 July 2018.

If the Resolutions are passed, the Company will make application to the London Stock Exchange for the cancellation of trading in the Ordinary Shares following the Special General Meeting, with the cancellation expected to take effect at 8:00 a.m. (UK time) on 26 July 2018.

The circular and notice of Special General Meeting will shortly be available to view on the Company's website.

EXPECTED TIMETABLE

 

Latest time and date for receipt of Forms of Instruction and CREST Instructions from the Depository Interest Holders

 

9:00 a.m. (Bermuda time) (1:00 p.m. UK time) on 20 July 2018

Latest time and date for receipt of Forms of Proxy

 

9:00 a.m. (Bermuda time) (1:00 p.m. UK time) on 23 July 2018

Suspension of trading of the Ordinary Shares on the London Stock Exchange

 

7:30 a.m. (UK time) on 25 July 2018

 

Suspension of the listing and trading of the Ordinary Shares on the BSX

 

25 July 2018

 

Special General Meeting

9:00 a.m. (Bermuda time) (1:00 p.m. UK time) on 25 July 2018

 

Liquidators appointed

 

25 July 2018

Announcement of the results of the Special General Meeting

 

By 5:00 p.m. on 25 July 2018

 

Cancellation of trading of the Ordinary Shares on the London Stock Exchange

8:00 a.m. (UK time) on 26 July 2018

 



Cancellation of the listing and trading of the Ordinary Shares on the BSX

 

26 July 2018

 

Contacts

 

For investor enquiries please contact:

Blue Capital Management Ltd.

Michael J. McGuire

 +1 441 278 0988

Email: investorrelations@Sompo-Intl.com




Stifel Nicolaus Europe Limited

 +44 (0)20 7710 7600

Neil Winward


Mark Bloomfield


Tunga Chigovanyika


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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