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DAB Dexion Abs

171.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 LTD - Shareholder Update

07/11/2016 2:35pm

PR Newswire (US)


Dexion Absolute (LSE:DAB)
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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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