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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alternative Liquidity Fund Limited | LSE:ALF | London | Ordinary Share | GG00BYRGPD65 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | 0.015 | 0.04 | 0.03425 | 0.0275 | 0.0275 | 0.00 | 08:00:12 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -2.33M | -3.26M | -0.0222 | -1.35 | 4.4M |
TIDMALF
RNS Number : 1341Z
Alternative Liquidity Fund Limited
12 December 2017
ALTERNATIVE LIQUIDITY FUND LIMITED
Registered in Guernsey - Number 60552
LEI NUMBER 213800R5CHD76J3LU713
Registered Office:
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 1GR
For immediate 12 December 2017 release
PORTFOLIO UPDATE
As noted in the Company's recent annual reports and accounts, the Board has been exploring options to grow the Company with its new investment manager, Warana Capital, LLC. Following encouraging feedback from existing and potential investors, the Board is now able to announce plans to increase the size of the Company through the issue of a new class of shares.
It is proposed that the proceeds of the new class of shares will be invested in a diversified portfolio to provide investors with attractive risk-adjusted returns by acquiring investments at discounts to their perceived and/or reported fair value.
The Board intends to issue a prospectus in respect of a placing, offer for subscription and placing programme early in the New Year.
It is proposed that the existing ordinary shares of the Company will remain invested in the existing portfolio of investments and will be reclassified as "Realisation Shares" to reflect the Board's policy to return cash from the proceeds of such investments as it arises.
The Board will also send a circular to the shareholders in early January to convene a meeting to approve amendments to the current articles of association to provide for the new share class and investment policy.
The Company expects to make a further announcement regarding the transaction when the formal documents are ready for publication.
The Company has received US$6 million in cash from underlying investments over the past month and anticipates that further funds may be received over the coming month. The Board therefore intends to make a distribution to shareholders, details of which will be provided in the New Year.
All Enquiries
Tim Gardner, Warana Capital, LLC
Tel. +44 20 3551 2917
Email. tg@waranacap.com
Website: https://waranacap.com/
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFULLFIRFFLFLID
(END) Dow Jones Newswires
December 12, 2017 11:06 ET (16:06 GMT)
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