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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dexion Abs | LSE:DAB | London | Ordinary Share | GB0032287020 | £ SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 171.75 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
DEXION ABSOLUTE LIMITED (IN VOLUNTARY LIQUIDATION) (THE “COMPANY”)
At an extraordinary general meeting of the Company held on 23 March 2016, shareholders passed resolutions to wind-up the Company and appointed Linda Johnson and Ashley Paxton of KPMG Channel Islands Limited as joint liquidators (the “Liquidators”).
Further to the Liquidators’ shareholder announcement of 22 July 2016, and the first interim liquidation distribution dated 26 August 2016, the Liquidators announce the following update to shareholders with respect to the Company’s investment in Aurora Offshore Fund II Limited (“AOFL II”), the Company’s main investment position.
The Liquidators have been informed by Aurora Investment Management L.L.C, the investment manager to AOFL II, that the Company will receive US$11,971,972.55 (the “Funds”) on 8 November 2016, representing 10.27% of the reported Net Asset Value of the Company’s investment in AOFL II as at 30 June 2016.
As shareholders will be aware, the Company operates a single Sterling denominated share class. Upon receipt of the Funds, the Liquidators will immediately convert the Funds from US Dollars to Sterling at the prevailing exchange rate.
The Liquidators anticipate making a distribution of the Funds (the “Second Interim Distribution”) to shareholders of the Company during the week commencing 14 November 2016. A further announcement will be made by the Liquidators as soon as the rate per share and the distribution date of the Second Interim Distribution has been agreed.
Enquiries:
The Liquidators
Linda Johnson and Ashley Paxton
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WR
Tel: 01481 721 000
restructuring-ci@kpmg.com
Copyright er 7 PR Newswire
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