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
React to this article
Latest news
Date Title
<1m ago Fitch Downgrades Brighter Choice Charter Middle Schools (NY) to 'B+'; Rating Watch Negative
1m ago FLYBE : Airline brings back route to sun
1m ago ROYAL MAIL : Post workers join battle to get Christmas all sorted
1m ago Fitch Downgrades One Distressed Class of Newcastle CDO VIII
2m ago AUDI : Sporty A3 comes with plug-in option
2m ago NISSAN MOTOR : Big savings for disabled with Nissan
2m ago REDROW : Festive fun for the family ; Property News
2m ago BAYERISCHE MOTOREN WERKE : Join the queue for car of the future
2m ago VIRGINIA NATIONAL BANK : HARES CORP : Other Events, Financial Statements and Exhibits (form 8-K)
2m ago FLOWSERVE : MEN/ME Family of Water Pumps Updated to Meet New Energy Efficiency Standards in European Union
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Merged Dixons Carphone to axe 400 jobs
INCADEA : Dealertrack Agrees GBP121.6 Million Takeover Bid For Incadea
EVOCUTIS : Shares Surge On Brazil Tungsten Stake Acquisition
MARTINCO : Water bill warning for Welsh landlords
MOSMAN OIL AND GAS : Warns Wells Are Not Producing Commercial Quantities In Flowtests
Most Read News
23m ago Wall St. has best second day gain since 2011 on Fed optimism
1d ago HONEYWELL : Patent Issued for System and Method for Reducing Errors in a Resonator Fiber Optic Gyroscope
1d ago INSYDE SOFTWARE : "Method of Promptly Starting Windowed Applications Installed on a Mobile Operating System and Device Using the Same" in Patent Application Approval...
1d ago SONY : Patent Issued for Capturing Playback Key Events in BD Players
13h ago CHINA VANKE : home prices fall in November, threaten economic growth
Most recommended articles
2m ago Equities surge on Fed cues; oil resumes decline
6m agoDJRoyal Bank of Canada Ordered to Pay $35 Million in 'Wash' Scheme
7m agoDJNike Sees Jump in Sales, Growth Concerns -- 2nd Update
8m agoDJMexico's Stocks Post Sharp Gains; Peso Little Changed
19m agoDJFormer MoneyGram Compliance Chief Faces Penalty -- 2nd Update
Dynamic quotes  
ON
| OFF