DW Catalyst calls liquidation EGM. Further to the announcement on 1 June 2017 regarding the proposed winding up of DW Catalyst, they are publishing a circular to shareholders containing a notice of extraordinary general meeting to be held on 2 August 2017 at which resolutions will be proposed to shareholders regarding the liquidation of the company.
In light of the proposed Resolutions, application will be made to the UK Listing Authority for suspension of listing of the company’s shares on the Official List and application will be made to the London Stock Exchange for suspension of trading in the Shares on the Main Market at 7.30 a.m. on 2 August 2017. The register of members will be closed at 6.00 p.m. on 1 August 2017 and the shares will be disabled in CREST at the close of business on 1 August 2017.
If the Resolutions are passed, the company will make applications for the cancellation of the admission of the shares to listing on the Official List and to trading on the Main Market of the London Stock Exchange following the Extraordinary General Meeting with the cancellations expected to take effect on 3 August 2017.
If the Resolutions are approved, the management agreement with DW Partners, LP will be immediately terminated.
Anticipated timetable
Latest time and date for receipt of 2 p.m. on 31 July 2017
forms of proxy for the Extraordinary
General Meeting
Closure of the Company’s register of 6.00 p.m. on 1 August 2017
members
Suspension of listing and trading of 7.30 a.m. on 2 August 2017
the shares on the London Stock Exchange
Extraordinary General Meeting 2 p.m. on 2 August 2017
Liquidator appointed 2 August 2017
Announcement of result of Extraordinary 2 August 2017
General Meeting
Cancellation of listing and trading of 3 August 2017
the Shares on the London Stock Exchange
First redemption date for investment in 1 November 2017
DW Catalyst Offshore Fund, Ltd. (the
“Feeder Fund”) and calculation date for
first instalment of redemption proceeds
Earliest date for payment to the Mid-December 2017
Company of first instalment of Feeder
Fund redemption proceeds
First interim distribution to Mid-December 2017
shareholders
Second redemption date for investment 1 February 2018
in Feeder Fund and calculation date for
second instalment of redemption
proceeds
Earliest date for payment to Company of Mid-March 2018
second instalment of Feeder Fund
redemption proceeds
Second interim distribution to Mid-March 2018
shareholders
Third redemption date for investment in 1 May 2018
Feeder Fund and calculation date for
third instalment of redemption proceeds
Earliest date for payment to Company of Mid-June 2018
third instalment of Feeder Fund
redemption proceeds
Third interim distribution to Mid-June 2018
shareholders
Fourth redemption date for investment 1 August 2018
in Feeder Fund and calculation date for
fourth instalment of redemption
proceeds
Earliest date for payment to Company of Mid-September 2018
fourth instalment of Feeder Fund
redemption proceeds, adjusted to take
into account of hold-back amount
Fourth interim distribution to Mid-September 2018
Shareholders
Approximate date for payment of Following March 2019
relevant portion of hold-back amount to
the Company
Final distribution to Shareholders Following March 2019
DWCG : DW Catalyst calls liquidation EGM