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The Company was placed into members’ voluntary liquidation following a Shareholder vote at the General Meeting on 14 June 2024.
Details of the reasons behind this resolution can be found in the Company’s RNS from 21 May 2024 (that can be found on the London Stock Exchange website) , RNS Number: 2835P
Gareth Morris and Jonathan Dunn of FRP Advisory Trading Limited of Kings Orchard, 1 Queen Street, Bristol BS2 0HQ, have been appointed as liquidators of the Company
Result of General Meeting
Special Resolution
Votes For
%
Votes Against
%
Votes Withheld
Issued Share Capital Voted
To voluntarily wind up the Company and appoint the liquidators
122,917,169
99.95
56,076
0.05
15,000
70.00
Special Resolution
To voluntarily wind up the Company and appoint the liquidators
Votes For
No.: 122,917,169
%: 99.95
Votes Against
No.: 56,076
%: 0.05
Votes Withheld
No.: 15,000
Issued Share Capital Voted
%: 70.00
A ‘vote withheld’ is not a vote in law and will not be counted in the calculation of the proportion of the votes for and against the resolution.
Capital distribution to shareholders
Payment
Record Date
Note
USD 11.5 cents per ordinary share
24 July 2024
Please note that you may be liable to tax in respect of this distribution. It is your responsibility to deal with any such liability and you should consult your own advisers in this regard. The first distribution is line with the estimated distribution of 11.4 cents per share referred to in the Circular to Shareholders dated 21 May 2024. Further distributions will be made to shareholders when the Company’s investments are sold, and liabilities settled. Consequently, the timing and quantum of the next distribution is current unknown. As set out in the Circular, the liquidators are working with the Investment Manager and the Company’s advisors with regards to the management and realisation of the Company’s investments, payment of the Company’s outstanding liabilities and dealing with all the outstanding matters. A further update will be provided to shareholders in our next report.
Payment
USD 11.5 cents per ordinary share
Record Date
24 July 2024
Note
Please note that you may be liable to tax in respect of this distribution. It is your responsibility to deal with any such liability and you should consult your own advisers in this regard. The first distribution is line with the estimated distribution of 11.4 cents per share referred to in the Circular to Shareholders dated 21 May 2024.
Further distributions will be made to shareholders when the Company’s investments are sold, and liabilities settled. Consequently, the timing and quantum of the next distribution is current unknown. As set out in the Circular, the liquidators are working with the Investment Manager and the Company’s advisors with regards to the management and realisation of the Company’s investments, payment of the Company’s outstanding liabilities and dealing with all the outstanding matters. A further update will be provided to shareholders in our next report.
Contact us
Liquidator: Gareth Morris or Susan Evans FRP Advisory Trading Limited Kings Orchard, 1 Queen Street, Bristol BS2 0HQ