Business
Posting of Circular and Prosp
Posting of Circular and Prosp.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n RNS Number : 1418Y Greenwich Loan Income Fund Ltd 16 December 2010 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION \n \n16 DECEMBER 2010\n \nRECOMMENDED ACQUISITION OF ASSET MANAGEMENT INVESTMENT COMPANY PLC (\"AMIC\") BY\nGREENWICH LOAN INCOME FUND LIMITED (\"GLIF\")\n \nPOSTING OF CIRCULAR AND PROSPECTUS EQUIVALENT DOCUMENT\n \n \nOn 7 December 2010, the boards of GLIF and AMIC announced that they had agreed the terms of the acquisition by GLIF of the entire issued share capital of AMIC which, subject to shareholder approval, will be effected by way of a scheme of arrangement. The GLIF Board also announced its intention to seek admission of the Enlarged Group to the Official List of the Channel Islands Stock Exchange, alongside its existing admission to trading on AIM, upon completion of the Scheme and its intention to amend the Company's investment policy, prior to the implementation of the Scheme (together \"the Proposals\").\n \nThe GLIF Board announces that a circular to GLIF shareholders has been posted to shareholders today (the \"GLIF Circular\"), which seeks to set out the background to and reasons for the Proposals, to explain the reasons for the GLIF Board's unanimous recommendation of the Proposals and to seek the support of GLIF shareholders for the resolutions required to implement them. The resolutions to be proposed at the Extraordinary General Meeting are as follows:\n \n· to approve the acquisition of Asset Management Investment Company PLC, which falls outside GLIF's current investment policy;\n \n· to approve amendments to GLIF's investment policy which require shareholder approval pursuant to the AIM Rules; and\n \n· to approve the admission of the Existing GLIF Shares and the New GLIF Shares to the Official List of the CISX.\n \nThe resolutions will be proposed at an Extraordinary General Meeting to be held at 10.00 a.m. on 11 January 2011, notice of which is set out at the end of the GLIF Circular.\n \nThe attention of GLIF Shareholders is also drawn to the Prospectus Equivalent Document publi...