LONDON - Blackstone (NYSE:BX) Loan Financing Limited (the "Company") has announced the approval of its Summary Winding Up by shareholders at an Extraordinary General Meeting (EGM) held today. This follows the recent suspension and upcoming cancellation of the Company's shares from the London Stock Exchange (LON:LSEG)'s Official List and Main Market.
The special resolution for the winding up was passed, which will lead to the Company ceasing to be regulated by the Jersey Financial Services Commission (JFSC) as a collective investment fund under the Funds Law at the close of business today.
As part of the winding-up process, the Company's shares were suspended from trading at 7:30 a.m. London time today, with a full cancellation expected to take effect at 8:00 a.m. on January 16, 2025. The Company's shares will no longer be listed or traded on any stock exchange following this date.
In preparation for the wind-up, the Company has proceeded with the Third Redemption of shares as announced on January 8, 2025. The existing ISIN number JE00BM8J7D47 will be disabled post the Redemption Date, and a new ISIN number JE00BT25YW59 will be enabled for the remaining shares. These shares will not be listed and will be redeemed at the end of the liquidation process with any surplus funds.
Shareholders have been directed to the Company's website for future updates and announcements following the cancellation. The Company has provided contact details for shareholders to inquire about their shareholding.
The resolution details and the history of the winding-up process are available for inspection on the Company's website and the National Storage Mechanism.
This report is based on a press release statement from Blackstone Loan Financing Limited.
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