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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Trio Fin | LSE:TRIO | London | Ordinary Share | GG00B1RB3W57 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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Premium
TRIO Finance ("TRIO" or the "Company") confirms its intention to return cash to
shareholders
As announced in August 2008, TRIO executed the sale of its remaining active
portfolio. This brought further cash into the Company and reduced its residual
risks at a particularly volatile time in the markets.
On reflection and after consultation with TRIO's shareholder base, the Board
confirms its intention to return residual cash to shareholders as quickly as
possible.
The method by which such cash will be returned and the Company wound up is
under review with the Company's advisers. It will take into account, inter
alia, the ongoing costs of operating as a listed entity including the Company's
obligations under the Investment Management and other operating agreements, and
an expectation that the Company will also be wound up as part of the process.
The Board expects to make a more detailed announcement in due course concerning
plans for the Company's future and the method of the return of cash.
Enquiries:
Kleinwort Benson (Channel Islands) Fund Services Limited
Company Secretary
Tel: 01481 727111
END
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