Business
Continuation Vote
Continuation Vote.
About this update from Cavendish Plc
[{"type":"text","content":"\n RNS Number : 8957N FRM Credit Alpha Limited 18 June 2010 \n \n\n18 June 2010\n \nFRM Credit Alpha Limited (the 'Company')\n \nCompany Update\n \nThe Board of the Company wishes to announce that, following consultation with the Company's largest shareholders, the Board will not be exercising its discretion to offer an annual redemption facility in 2010.\n \nThe redemption facility will not be offered in order that the profile of the Company's investment portfolio can be maintained and that there are sufficient resources available to continue the Company's foreign exchange hedging programme.\n \nThe Board intends that shareholders will have an opportunity to vote on the Company's continuation at the 2010 annual general meeting expected to be held in November this year. This continuation vote is in addition to the continuation vote that will be put to shareholders at the Company's annual general meeting in 2011. The record date for voting on the Company's continuation at the 2010 annual general meeting will be at the close of business on 23 June 2010.\n \nEnquiries:\n \nChris Brierley/Luke Burdess\nFinancial Risk Management Limited\n020 7968 6136/ 7968 6208\n \nJane Lewis\nWinterflood Investment Trusts\n020 3100 0295\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCFMGMVDRVGGZM \n ","length":2174,"tagName":"div"}]