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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 | 0.03775 | 0.0275 | 0.03 | 0.00 | 08:00:15 |
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 : 1107K
Alternative Liquidity Fund Limited
06 April 2018
ALTERNATIVE LIQUIDITY FUND LIMITED
Registered in Guernsey - Number 60552
LEI NUMBER 213800R5CHD76J3LU713
Registered Office:
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 1GR
Telephone: +44 1481 737600
Facsimile: +44 1481 749810
For immediate 6 April 2018 release
UPDATE AND RETURN OF CAPITAL
Since the December 2017 announcement, the Company has been working with its advisors in connection with the creation of a new share class and subsequent fund raise. The formal documentation was submitted to the UK Listing Authority in January and explained the proposal for the new share class which involves a Master - Feeder structure. The process has taken longer than anticipated and although there are still several issues being addressed that have arisen from discussions with the UK Listing Authority, clarification on the planned proposal is expected in the near future.
At the last Board Meeting and as detailed in the interim accounts, the manager proposed and the Board has approved a return of capital of 3 cents per share to shareholders, being US$4,399,331.61 in total based on the current number of shares in issue.
This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption and cancellation of those B Shares.
It is expected that the timetable for the return of capital will be as follows.
9 April 2018 ex date 10 April 2018 record date for shareholders on the register to receive B shares 11 April 2018 B shares issued to shareholders on the register as at the record date 12 April 2018 B shares redeemed and cancelled 19 April 2018 redemption payment made through CREST to shareholders who hold their shares in uncertificated form 19 April 2018 cheques in relation to the redemption payment sent to shareholders that hold their shares in certificated form
All redemption payments will be paid gross of tax.
All Enquiries:
Tim Gardner
Warana Capital LLP
Tel. +44 20 3551 2917
Email: tg@waranacap.com
Website: https://waranacap.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGCGDSIUGBGIL
(END) Dow Jones Newswires
April 06, 2018 06:00 ET (10:00 GMT)
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