Carlyle Capital placed in compulsory liquidation; liquidators request share trading suspension

By Caroline Salls

Pittsburgh, March 18 - Carlyle Capital Corp. Ltd. has been placed in compulsory liquidation under the Companies (Guernsey) Laws, and Alan Roberts, Neil Mather, Chris Morris and Adrian Rabet have been appointed joint liquidators, according to a news release.

All of the liquidators are employees of Begbies Traynor.

According to the release, the liquidators are legally empowered to act on the company's behalf in connection with its assets and debts. All of the powers of the company's directors have been terminated.

In addition, the liquidators have asked the Netherlands Authority for the Financial Markets to suspend trading of Carlyle Capital's shares.

Although Guernsey law prohibits any transfer of a company's shares after the start of a voluntary winding up, there is no law related to companies in compulsory liquidation. As a result, the release said the liquidators are not sure whether any Carlyle Capital share transfers are legally void.

On March 17, management of Euronext Amsterdam NV announced prices and volumes related to the ordinary shares of Carlyle Capital will be reported in the special section for securities for up to one year.

Carlyle Capital is a Guernsey investment group managed by Carlyle Group affiliate Carlyle Investment Management LLC.

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