Second interim distribution under the Default Scheme
December 17 2010 - 11:44AM
UK Regulatory
TIDMFIT TIDMFIT1 TIDMFIT2
Framlington Innovative Growth Trust PLC (in members' voluntary liquidation)
Second interim distribution under the Default Scheme
In accordance with the Default Scheme, the liquidators have today declared a
second distribution of 47.828 pence per Ordinary Share with "A" rights to
shareholders who elected or were deemed to have elected to receive cash in the
liquidation. Cheques in respect of the distribution are expected be despatched
to shareholders on or shortly after 23 December 2010.
The Company has made two distributions of 295p and 47.828p, in aggregate
342.828p, compared to the Default Scheme Net Asset Value of 346.235p when the
Company entered into voluntary liquidation on 7 September 2010. The realisation
of the Default Scheme Cash Pool by the Manager is now complete. The board is
pleased that the portfolio has been realised in the timescale estimated in the
Default Scheme and with the values obtained for selling the investments.
Enquiries
James Eldridge
Grant Thornton UK LLP
020 7865 2391
17 December 2010
END
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