CSX CANCELS Novus Global Special Situations Strategy (Sterling) Limited

Date1-Oct-2012

The listing of the following securities has been cancelled with effect from

12:00 PM on 1 October 2012

 

Name of Issuer:

Novus Global Special Situations Strategy (Sterling) Limited

 

Number and Description of Securities:

GBP Class A Shares

 

Type of issue:

Mutual Fund

 

Reason for cancellation:

Redemption

 

Novus Global Special Situations Strategy (Sterling) Limited (the "Company")

 

The boards of directors of the Company wish to announce that pursuant to class meetings of the holders of Participating Shares in the capital of the Company (the "Participating Shareholders") held on 20 September 2012 and the written resolutions of the management shareholder dated 1 October 2012 (the "Effective Date"), the following has been approved:

 

1.                   the cancellation of any redemption notices submitted by the Participating Shareholders for any dealing day following the Effective Date such that they shall have no effect and that the Participating Shares which are the subject of such redemption notices shall not be liable to be redeemed by the Company (Please note that in connection with this approval the management shareholder also approved an amendment to the Company's articles of association to give effect to this provision);

 

2.                   the compulsory redemption of some or all of the Participating Shares registered in the name of such Shareholder at such time at the relevant NAV per Share on the basis that each compulsory redemption shall be carried out at the same time and on the same terms for all Investors pro rata to the number of Participating Shares held;

 

3.                   every variation, modification and abrogation of the rights, privileges and restrictions attaching to the Participating Shares occasioned by the implementation of (i) the Orderly Realisation, (ii) the amendment of the investment policy of the Company to give effect to the Orderly Realisation, (iii) the permanent closure of the offering period for all classes of Participating Shares, (iv) the cancellation of redemption requests in accordance with resolution 1 and (v) the authority of the Directors to compulsorily redeem Participating Shares in accordance with resolution 2 above; and

 

4.                   the voluntary withdrawal of the listing of the Class A and Class B Participating Shares on the Cayman Islands Stock Exchange in accordance with listing rule 3.8 published by the Cayman Islands Stock Exchange and the waiver of the requirement of 90 days' advanced written notice to holders of Class A and Class B Participating Shares.

 

1 October 2012

 

For further information in relation to the above announcement please contact David Makin at the office of the Company's Secretary, Maples Secretaries (Cayman) Limited (Tel: +1 345 814 5780 or david.makin@maplesfs.com).