Alternative Liquidity Fund Limited Update and Return of Capital (1107K)
April 06 2018 - 5:00AM
UK Regulatory
TIDMALF
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 6 April 2018
release
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: tg@waranacap.com
Website: https://waranacap.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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