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 | 11:59pm 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
9m ago U S MASTERS : Australian Murdaca wins Asian-Pacific Amateur Championships, earns Masters spot
15m ago GAZPROM : to supply 330 mln cubic meters of gas to Kazakhstan for reducing cost of imported electricity in Kyrgyzstan
15m ago NATIONAL GRID : Anger in the green belt as Camilla's son-in-law tries to cash in on solar farm based in idyllic countryside village
15m ago DUKE ENERGY : Residents air concerns, frustrations over Robeson County coal ash site at meeting
16m ago EGUANA TECHNOLOGIES : Strengthens Leadership Team-Appoints Industry CFO
16m ago MARK ZUCKERBERG : Miami Real Estate in Investor Crosshairs; Plaudits for Zuck's Mandarin; and Fearlessness of Ebola
16m ago ALCOA : Finacity Appoints Judith S. Schrecker as a Board Director of the Company
16m ago REC SOLAR ASA : announces Q3, 2014 results
16m ago Turquoise Hill Appoints Dr. James Gill as Director
24m ago AUTODESK : Infinite Skills' "Mastering Autodesk Inventor - Advanced Assemblies" Teaches Tools and Techniques for Working with Large Models
Latest news
Advertisement
Hot News 
DIGITAL RIVER : Announces Agreement to be Acquired by Investor Group Led by Siris Capital Group for $26.00 per Share in Cash
EDREAMS ODIGEO : Statement responding to BA and Iberia statement
4IMPRINT : Full Year Expectations Underpinned By Strong Third Quarter
ATLANTIS RESOURCES : Raises GBP5.0 Million In Discounted Placing (ALLISS)
MERIT MEDICAL SYSTEMS : posts 3Q profit
Most Read News
1d ago CHINA MOBILE : Alibaba to form JV for messaging platform
1d ago MEREDITH : Fiscal 2015 First Quarter Earnings Grow Over 20 Percent
1d ago TESCO : Half Yearly Report
1d ago AVALONBAY COMMUNITIES : Construction underway for North Station apartments
1d ago TENARIS : niversity receives Steelie Award for Excellence in Education and Training
Most recommended articles
1d agoDJAustralia Says Investor Visa Changes Will Better Combat Corruption
1d ago ECB faces test of its own as Europe braces for landmark banking review
1d agoDJHow to Find a Missing Tax Refund
1d agoDJFinal Polls Before Brazil Presidential Election Give Edge to Rousseff
1d ago Deutsche Bank lawyer found dead by suicide in New York
Dynamic quotes  
ON
| OFF