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: 14 February 2012
At the end of April 2011 the rollover of those shareholders electing to receive Henderson Global Property Equities Fund (GPEF) or Henderson International Income Trust plc (HINT) shares was completed and the liquidation of the Company commenced. The sole remaining investment of the Company, an interest in a partnership, has been sold and liquidation of the Luxembourg subsidiary company is in process. The Luxembourg subsidiary liquidation has proven more time consuming than expected, in part due to the bureaucracy of the state, however it is anticipated that this will conclude and therefore enable the liquidation of the Company to conclude within the first half of 2012. Any final distribution due to shareholders as a result of the conclusion of the liquidation will be made by the liquidators at that time.
For information in respect to the rollover, on 20 April 2011 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.
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
gareth.morris@frpadvisory.com
www.frpadvisory.com