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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Off-Plan Fd | LSE:OPF | London | Ordinary Share | JE00B5NFKB77 | ORD 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% | 6.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOPF
RNS Number : 6887W
Off-Plan Fund Limited (The)
24 November 2010
AIM: OPF 24 November 2010
THE OFF-PLAN FUND LIMITED
(the "Fund")
Further re Recovery of Deposits - Canon House, Wallington
Further to the announcement on 26 October 2010, the Fund is pleased to announce that it has now received settlement in full in respect of its insurance claim for a GBP1.1 million deposit paid to Henry Homes (Wallington) Limited ("HHW") on the commencement of the Canon House project. On 31 March 2010, HHW was subject to a winding up order and is now in insolvent liquidation. As a result of HHW's insolvent liquidation and as a beneficiary of the policies to cover such a situation, the Fund made a claim on 9 April 2010 to recover the entire amount of the deposit from the insurer, Zurich Insurance.
As a result of the settlement of this claim, the Fund's only asset is approximately GBP1.8 million in cash. The Directors of the Fund are considering the timing and mechanics of returning funds to shareholders and the likely timetable for the conclusion of the process to wind up the Fund. A further announcement will be made shortly.
List of Contacts:
Development Capital Management
Andy Gardiner
Tom Pridmore
020 7355 7600
Merchant Securities
(Nominated Adviser)
Bidhi Bhoma/Simon Clements
020 7628 2200
This information is provided by RNS
The company news service from the London Stock Exchange
END
FUREAKFDAAPEFFF
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