MW TOPS
Identification
Deutsche Bank AG, Merrill Lynch International and UBS Investment Bank
A new closed-ended investment company registered and incorporated in Guernsey with the investment objective to provide consistent absolute returns primarily derived through trading in equities of companies incorporated in or whose principal operations are in Europe (including Eastern Europe).
Operation
Global Offering
Trading will commence on or about 8 December 2006 on an “as-if-and-when-issued” basis and delivery of the Shares will take place on or about 13 December 2006.
Private placement in The Netherlands and in other countries of up to €1,000,000,000 (15% over-allotment option).
Applications under the Global Offer must be for a minimum subscription amount of €75,000, £50,000 or US$100,000. No public market currently exists for the Shares.