Marble Point Loan Financing requisitioned to speed up liquidation

Marble Point Loan Financing (MPLF) is convening EGMs (for both its liquidating share class and ordinary share class) following the receipt of a requisition notice from Freestone Advantage Partners III LP to consider proposals for amending MPLS’s articles of incorporation to allow for a liquidating share opportunity every year (rather than every other financial year under the current arrangements) and for the cap on the number of ordinary shares that can be converted to liquidating shares (currently 25%) to be removed altogether. It also wants cash received by MPLF in the liquidating pool to be paid out to shareholders within 45 days and for liquidating pool shareholders to approve disposals of more than 15% of assets.

The Extraordinary General Meeting will be held at the Company’s registered offices at 1st Floor, Elizabeth House, Les Ruettes Brayes, St Peter Port, GY1 1EW, Guernsey on 23 February 2024 at 4:00 p.m. (GMT). The Liquidating Share Class Meeting will be held at 4:05 p.m. (GMT) and the Ordinary Share Class Meeting will be held at 4:10 p.m. (GMT).