DW CATALYST FUND LIMITED (IN VOLUNTARY
LIQUIDATION) (THE “COMPANY”)
Final distribution to shareholders
Further to their announcement dated 1
April 2019, Linda Johnson and
Ashley Paxton of KPMG Channel
Islands Limited, voluntary liquidators of the Company (the
“Liquidators”), hereby confirm that an audit holdback amount equal
to GBP 3,798,718 (the “Hold-back
Amount”) was received by the Company from DW Catalyst Offshore Fund
Limited on 8 May 2019.
Following receipt of the Hold-back Amount the Liquidators hereby
announce their intention to make a final distribution (the “Final
Distribution”) to both Continuing Portfolio Shareholders
(the remaining shareholders in the Company as at 2 August 2017, the date the Company entered
voluntary liquidation) and Redemption Portfolio Shareholders
(those shareholders who redeemed their shareholding in the Company
pursuant to the Discount Trigger Resolution dated 9 March 2017).
The amount of the Final Distribution will be as follows:
Continuing Portfolio: GBP £0.84843 per
redeemable ordinary share of no par value
Redemption Portfolio: GBP £0.33128 per
redeemable ordinary share of no par value
The Final Distribution has been calculated by reference to the
Hold-back Amount which has been apportioned accordingly between the
relevant number of Continuing Portfolio Shareholders and Redemption
Portfolio Shareholders and in accordance with the timetables
referenced in the Company’s shareholder circulars dated
17 February 2017 and 12 July 2017, respectively.
The Final Distribution will be paid by CREST on 30 May 2019 for Redeeming Portfolio Shareholders
and 31 May 2019 for Continuing
Portfolio Shareholders.
Enquiries:
The Liquidators
Linda Johnson and Ashley Paxton
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WR
Tel: 01481 721 000
restructuring-ci@kpmg.com