17 February 2017
New City Energy Limited ("NCE" or the "Company")
Recommended Proposals for Summary Winding-Up of the Company and Notice of Extraordinary General Meeting
As previously announced on 14 December 2016 the Board of Directors has decided that it would be in the best interests of Shareholders to propose that the Company be wound up and that the Company's surplus assets (after full provision for liquidation costs) be distributed in cash to Shareholders.
The requisite resolutions will be proposed at an Extraordinary General Meeting of the Company on Tuesday 7 March 2017 at 2 p.m.
A circular to Shareholders containing details of the proposals and containing the notice of the Extraordinary General Meeting will be posted to Shareholders today and is also attached to this announcement.
| Contact |
| Telephone |
| Sue Inglis - Cantor Fitzgerald |
| 020 7894 8016 |
| Craig Cleland - New City Investment Managers |
| 020 7201 5368 |
| Lisa Neil - R&H Fund Services (Jersey) Limited |
| 01534 825336 |
EGM Form of proxy
NCE Winding Up Circular
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: New City Energy Ltd via Globenewswire