On 15 March 2011 Henderson Global Property Companies 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 8 and 19 April 2011.
Shareholders were able to elect to receive their entitlement upon the winding-up of the Company either in cash, to roll over some or all of their investment into Henderson Global Property Equities Fund (GPEF), a sub-fund of the Henderson Horizon Fund or into Henderson International Income Trust plc (HINT), a newly launched Henderson managed investment trust. Shareholders that did not make an election would receive the default option which was to roll over into HINT.
Important documents
Update: 20 April 2011
Further to the Shareholder Circular and associated General Meetings which concluded with the Company entering liquidation: the transaction date for the valuation of Henderson Global Property Comanies Limited and for the processing of those electing to receive cash and/or rollover units in GPEF or HINT was 20 April 2011. Cash was distributed and rollover units were issued to investors thereafter.
The fair asset value per Company share held was calculated to be 66.0p; the price per GPEF rollover share was 812p and per HINT new ordinary share was 100p.
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 Global Property Companies Limited should be made via the Liquidators, please contact:
Gareth Morris or James Toynton
FRP Advisory
10 Furnival Street
London
EC4A 1YH
Tel: + 44 (0) 20 3005 4165
Fax: + 44 (0) 20 3005 4400