Midgard Fixed Income (IRSH) - Change of Name of Share Class and Various
RNS Number : 2029J
Midgard Fixed Income Fd Ltd (The)
02 August 2012
STOCK EXCHANGE ANNOUNCEMENT
1 August, 2012
The Midgard Fixed Income Fund Limited (the "Fund")
Re: Change of Name of Share Class and Various Updates
Appointment & Resignation of Directors
The Directors of the Fund wish to announce the resignation of Lars Mikal
Hatlen and Patrik Tillman from the Board of Directors of the Fund, for
business reasons, with effect from 23 February 2012.
The Directors of also wish to announce the appointment of Peter
Fehrn-Christensen and Ulrick Jensen as independent directors of the Fund, with
effect from 23 February 2012.
Peter Fehrn-Christensen (Danish) graduated from the CBS Copenhagen Business
School with a Bachelor of Science Program (economics) degree in 1975 and an
MBA, majoring in investment planning, financial planning and international
business, in 1977. In 1984 Mr Fehrn-Christensen became a partner and Managing
Director of Sundberg & Co and then owner and Managing Director from 1991 to
2004. In 2004, Mr Fehrn-Christensen relocated to Cyprus where he currently
resides. He is currently Chairman of the Board of Directors of the
Stockbrokers Association Charity Fund, Denmark and Non-Executive Director of
VIPGPL Vision International People Group Public Limited, listed on the Cyprus
Stock Exchange. He also provides consultancy services, focusing on portfolio
manager selection and asset allocation and has been self-employed for the past
Ulrik Tofte Jensen
Ulrik Tofte Jensen (Danish) graduated from the University of St. Andrews,
Scotland, in 1992 with a BSc. Hons. Economics degree and an MBA from INSEAD,
France, in 2003. In 2006, Mr Jensen was appointed Chairman and executive
officer of Hamton Asset Management, Geneva, Switzerland which was the
investment manager of Cayman Islands incorporated Hamton Hedge Funds with
funds under management of Euro70 to 200 million during the period and asset
classes including Danish Mortgage bonds, corporate bonds, international
equities and fund of funds. Mr Jensen was responsible for general oversight of
fund strategies and client relations. Since2011, he is a partner of Sika
Partners LLP, the UK based fund manager of the Hamton Funds and a director of
the Hamton Funds.
Peter Fehrn-Christensen and Ulrik Tofte Jensen have never:
(i) had any unspent convictions in relation to indictable offences; or
(ii) been bankrupt or the subject of a voluntary arrangement, or has had a
receiver appointed to any of his assets; or
(iii) been a director of any company which, while he was a director with an
executive function or within 12 months after he ceased to be a director with
an executive function, had a receiver appointed or went into compulsory
liquidation, creditors voluntary liquidation, administration or company
voluntary arrangements, or made any composition or arrangements with its
creditors generally or with any class of its creditors; or
(iv) been a partner of any partnership, which while he was a partner or
within 12 months after he ceased to be a partner, went into compulsory
liquidation, administration or partnership voluntary arrangement, or had a
receiver appointed to any partnership asset;
(v) had any public criticism by statutory or regulatory authorities
(including recognised professional bodies); or
(vi) been disqualified by a court from acting as a director or from acting in
the management or conduct of affairs of any company.
A list of past and current directorships and partnerships held by Peter
Fehrn-Christensen and Ulrik Tofte Jensen over the past 5 years is available
for inspection on request for a period of 14 days from the date of this
announcement from J & E Davy, Davy House, 49 Dawson Street, Dublin 2.
The directorate appointments were not notified to the Irish Stock Exchange
previously due to an administrative oversight.
The Directors also wish to advise of the following operational changes to the
Change of Name
The names of the Euro Shares of the Fund will be renamed as EUR-AA Shares,
with immediate effect.
Change to Redemption and Subscription Day Definition
With effect from 1 August 2012, shareholders can redeem from or subscribe to
the Eur-AA Shares (previously the Euro Shares) on the first Business Day of
each calendar quarter and/or any other day as the Directors may determine.
Redemption Notice Period.
With effect from 1 August 2012, the Eur-AA Shares (previously the Euro Shares)
are redeemable on each redemption day, upon at least 60 calendar days' prior
written notice, previously 30 calendar days' prior written notice was
The Minimum Holding is €30,000,000 (previously €250,000) in the case of Eur
AA-Shares or such lesser amounts as the Directors may in their discretion
determine provided that such amount is not less than €100,000 as the case may
be (and in any event not less than the equivalent of US$100,000). The minimum
amount of additional subscriptions is €3,000,000 (previously €50,000) in the
case of Eur AA-Shares.
Davy Elaine Drennan +353 1 614 8933
This announcement has been issued through the Companies Announcement Service
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
ISEEALPAEDSAEFF -0- Aug/02/2012 14:36 GMT
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