On 10 November 2010 Henderson Financial Opportunities Limited recommended to shareholders proposals for the reconstruction and members' voluntary liquidation of the company. The proposals were passed at the General Meetings held on 6 and 13 December 2010.
Shareholders were able to elect to receive their entitlement upon the winding-up of the Company either in cash or to roll over some or all of their investments into Henderson Global Financials Fund, a sub-fund of the Henderson OEIC. Shareholders that did not make an election would receive the default option which was to roll over into the Henderson Global Financials Fund.
Important documents
Update: 10/01/11
Further to the Shareholder Circular and associated General Meetings which concluded with the Company entering liquidation: the transaction date for the valuation of Henderson Financial Opportunities Limited and for the processing of those electing to receive cash and/or rollover units in Henderson Global Financials Fund was 14 December 2010. Cash was distributed and rollover units were issued to investors thereafter.
The FAV (Fair Asset Value) of the Company was £14,208,564.15 which was divided between three pools:
Liquidation pool: £354,715.86
Rollover pool: £1,064,198.55
Cash pool: £12,789,649.74
The cash value received per Company share held was 36.33p; the price per rollover unit was 49.71p.
Once any and all outstanding liabilities of the Company have been finalised and the liquidators have completed any further administration a final cash distribution will be made to investors in accordance with the terms of the Shareholder Circular.
Contact us
All enquiries relating to Henderson Financial Opportunities Limited should be made via the Liquidators, please contact:
Linda Johnson
Senior Manager, Advisory
KPMG Channel Islands Limited
20 New Street
St. Peter Port
Guernsey
GY1 4AN
Tel: + 44 (0) 1481 741835
Fax: + 44 (0) 1481 722373