DW Catalyst has announced that shareholders holding 9,349,317 shares (57.6% of shares in issue) have voted in favour of discount trigger resolution. The effect of this is that all of the shares that were voted in favour will be redeemed by the company on 1 August 2017.
Redeeming Shareholders will receive the proceeds in four quarterly instalments following each of 1 August and 1 November 2017 and 1 February and 1 May 2018, subject to the retention of a hold-back amount in certain circumstances (defined in the meeting circular).
Following the results of the Discount Trigger Meeting the Board in conjunction with the Manager will review the structure of the Company and consider the extent to which the Company’s ongoing cost and expenses may be reduced. A further announcement will be made in due course.
DWCG : DW Catalyst shareholders rush for exit