Source - RNS
RNS Number : 1107K
Alternative Liquidity Fund Limited
06 April 2018
 

ALTERNATIVE LIQUIDITY FUND LIMITED

Registered in Guernsey - Number 60552

LEI NUMBER 213800R5CHD76J3LU713

 

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 1GR

 

Telephone: +44 1481 737600

Facsimile: +44 1481 749810

 

For immediate release


6 April 2018

UPDATE AND RETURN OF CAPITAL

Since the December 2017 announcement, the Company has been working with its advisors in connection with the creation of a new share class and subsequent fund raise. The formal documentation was submitted to the UK Listing Authority in January and explained the proposal for the new share class which involves a Master - Feeder structure. The process has taken longer than anticipated and although there are still several issues being addressed that have arisen from discussions with the UK Listing Authority, clarification on the planned proposal is expected in the near future.

At the last Board Meeting and as detailed in the interim accounts, the manager proposed and the Board has approved a return of capital of 3 cents  per share to shareholders, being US$4,399,331.61 in total based on the current number of shares in issue.

This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption and cancellation of those B Shares.

It is expected that the timetable for the return of capital will be as follows.

9 April  2018

ex date

10 April 2018

record date for shareholders on the register to receive B shares

11 April 2018

B shares issued to shareholders on the register as at the record date

12 April 2018

B shares redeemed and cancelled

19 April 2018

redemption payment made through CREST to shareholders who hold their shares in uncertificated form

19 April 2018

cheques in relation to the redemption payment sent to shareholders that hold their shares in certificated form

All redemption payments will be paid gross of tax.

 

All Enquiries:

 

Tim Gardner

Warana Capital LLP

Tel. +44 20 3551 2917

Email:  [email protected] 

Website:  https://waranacap.com/


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGCGDSIUGBGIL

Related Charts

Allanfield Group (ALF)

+0.00p (+0.56%)
delayed 17:30PM