REG - Axiom Euro Fin Debt - Result of EGM and Results of Elections

Axiom European Financial Debt FundAnnouncement

29/08/2023 12:30

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RNS Number : 6849K  Axiom European Financial Debt Fd Ld  29 August 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH
AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.

 

29 August 2023

 

Axiom European Financial Debt Fund Limited ("AXI" or the "Company")

 

Result of EGM and Results of Elections

 

Result of Extraordinary General Meeting

 

The Company announces that at the Extraordinary General Meeting held earlier
today in connection with the implementation of the Scheme, all resolutions
were duly passed.

 

Following the approval of the Scheme by Shareholders, Benjamin Alexander
Rhodes and Andrea Frances Alice Harris, both of Grant Thornton Limited, have
been appointed as joint liquidators for the purposes of the voluntary
liquidation of the Company under Guernsey law. The Company has now entered
into liquidation and the Scheme is effective.

 

Details of the resolutions passed are set out in the notice of Extraordinary
General Meeting contained in the circular dated 01 August 2023 (the
"Circular").

 

Capitalised terms used but not defined in this announcement have the meanings
given in the Circular.

 

The table below sets out the results of the poll at the Extraordinary General
Meeting. Each Shareholder, present in person or by proxy, was entitled to one
vote per AXI Ordinary Share held by them at the Record Date.

 

    Resolution                                                                    Votes       % of Votes  Votes     % of Votes  Votes           Votes      Total Votes Cast (excl. Votes Withheld)

For
For *
Against
Against *
Discretionary
Withheld
 1  To approve the Scheme and appoint the Liquidators, and following their        34,421,031  99%         346,241   1.00%                       3,341      34,767,272
    appointment, authorise the Liquidators to take all such actions as they may
    consider necessary or appropriate to give effect to the Scheme.

 2  To amend the Articles.                                                        34,417,201  98.99%      352,311   1.01%                       1,101      34,769,512

 

* Rounded to two decimal places.

 

The full text of the resolutions can be found in the Circular, which is
available to view on the Company's website,
https://axiom-ai.com/web/en/axiom-european-financial-debt-fund-limited-2/#.
Copies of the resolutions will be submitted to the National Storage Mechanism
and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) **.

 

**Neither the NSM website nor the Company's website nor the content of any
website accessible from hyperlinks on those websites (or any other website) is
(or is deemed to be) incorporated into, or forms (or is deemed to form) part
of this announcement.

 

Results of Elections

 

The Company received the following elections (including deemed elections) in
connection with the Scheme:

 

·      Rollover Options: 63,113,022 Shares

·      Cash Option: 28,739,882 Shares

 

In accordance with the Scheme, Rollover Eligible Shareholders that made no
Election have been deemed to have elected for the Obligataire Option.

 

Suspension and cancellation of listing and trading of AXI Ordinary Shares

 

The listing of AXI Ordinary Shares was suspended at 7:30 a.m. on 29 August
2023.

 

Cancellation of: (a) the listing of AXI Ordinary Shares on the premium segment
of the Official List; and (b) trading of AXI Ordinary Shares on the Main
Market, is expected to take place on 29 August 2023 or as soon as reasonably
practicable thereafter.

 

Expected Timetable

 

The expected timetable of principal events for the implementation of the
Scheme remains as set out in the Circular and is also set out below.

                                                                                 2023
 Cancellation of: (a) listing of the AXI Ordinary Shares on the premium segment  29 August 2023 or as soon as reasonably practicable thereafter
 of the Official List; and (b) trading of the AXI Ordinary Shares on the Main
 Market
 Contract notes issued by CACEIS in respect of Obligataire Shares and            On or around 5.30 p.m. on 4 September or as soon as reasonably practicable
 Obligataire Institutional Shares issued pursuant to the Rollover Options        thereafter
 Cheques expected to be despatched and payments made by the Company in respect   On or around 12 September or as soon as possible thereafter
 of the Cash Option

 

Notes:

 

·      All references to times in this announcement are to London times
unless otherwise stated.

 

·      The dates and times specified above may be subject to change. In
the event of any such change, the Company will notify investors either by
post, by electronic mail or by the publication of a notice through a
regulatory information service provider to the London Stock Exchange.

 

Enquiries

 Winterflood Securities Limited                         +44 20 3100 0000
 Neil Morgan

 Phoebe Pankhurst

 Elysium Fund Management Limited (Administrator)        Tel: +44 1481 810 100
                                                        axiom@elysiumfundman.com

 Grant Thornton Limited                                 Corporate.recovery@gt-ci.com (mailto:Corporate.recovery@gt-ci.com)
 Marta Patyna

 

 

 

 

 

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