Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Cayman Islands Stock Exchange : CSX CANCELS Novus Global Special Situations Strategy Limited

10/01/2012 | 10:59pm US/Eastern
CSX CANCELS Novus Global Special Situations Strategy Limited 1-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 Limited

Number and Description of Securities:

USD Class A Shares

USD Class B Shares

Type of issue:

Mutual Fund

Reason for cancellation:

Redemption

Novus Global Special Situations Strategy 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).

distributed by
Latest news
Date Title
<1m ago ULTRASONIC : von BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG): n.a. (Original Research)
<1m ago MINDORO RESOURCES : Announces Completion of First DSO Shipment at Agata
1m ago MINDORO RESOURCES : Announces Completion of First DSO Shipment at Agata
1m ago Stocks surge on U.S. corporate results, bonds fall
2m ago FINANCIAL TECHNOLOGIES INDIA : NSEL merger order: Hard times get harder for FTIL
2m ago GOOGLE 'C' : Upcoming version of Gmail's Android app likely to include Outlook, Yahoo account support
2m ago BLOOD BANK NEVER EXISTED : CBI closure report
2m ago Global stocks surge on U.S. corporate results, bonds fall
2m ago RAPTOR PHARMACEUTICAL : Edson's New Raptor Top-Load Case Packer Helps Co-packers and Specialty Products Manufacturers Boost End-of-Line Productivity
2m ago GLAXOSMITHKLINE : DIRECTOR DEALINGS: Glaxo Chief Executive Exercises Options, Sells Shares
Latest news
Advertisement
Hot News 
OIM : 16 october 2014 - PAYMENT OF DIVIDENDS SUSPENDED
INFINERA : beats Street 3Q forecasts
CABELAS : Cabela’s® Announces Plans for Two New Stores
JAKKS PACIFIC : reg; Reports Improved Third Quarter Results for 2014
ULTRATECH : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
Most Read News
1d ago ATMEL : Patent Issued for Apparatus and Method for Increasing the Quantity of Discrete Electronic Components in an Integrated Circuit Package
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago TERADYNE : beats Street 3Q forecasts
3h ago Tesco accounting black hole deepens, chairman to step down
5h ago Unilever promises more cheap goods, cost cuts to tackle slowdown
Most recommended articles
1m ago Stocks surge on U.S. corporate results, bonds fall
1m ago Global stocks surge on U.S. corporate results, bonds fall
3m ago U.S. airlines report strong third quarter profits
10m agoDJLONDON MARKETS : FTSE Rides European Optimism, But Tesco Slumps
15m agoDJUPS Earnings Poised to Rise on Lower Fuel Prices--Earnings Preview
Dynamic quotes  
ON
| OFF