Midgard Fixed Income (IRSH) - Change of Name of Share Class and Various Updates 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 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 five years. 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 Fund: 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 required. Minimum Investment 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. Enquiries: Davy Elaine Drennan +353 1 614 8933 This announcement has been issued through the Companies Announcement Service of the Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange END ISEEALPAEDSAEFF -0- Aug/02/2012 14:36 GMT
Midgard Fixed Income IRSH Change of Name of Share Class and Various Updates
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