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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Goldman D GBP | LSE:GSDO | London | Ordinary Share | GB00B8L0V788 | ORD NPV GBP |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 75.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
GOLDMAN SACHS DYNAMIC OPPORTUNITIES LIMITED (IN VOLUNTARY LIQUIDATION) (THE "COMPANY") Main Portfolio Redemption Announcement At a general meeting of the Company held on 31 December 2012, shareholders passed the proposals to wind-up the Company and Ashley Paxton and Linda Johnson of KPMG Channel Islands Limited were appointed Liquidators. Further to the two distributions announced by the Company on 30 May 2012 and 28 November 2012, the Liquidators announce their intention of making a third distribution (the "Third Distribution") of approximately US$21 million from the Main Portfolio, by way of a compulsory redemption of shares at a Redemption Price of US$1.5678 per GBP Share and US$ 1.8994 per US$ Share (the Company's NAV per GBP Share and US$ Share respectively as at 31 May 2013 with the NAV per GBP Share converted into US$ using the GBP:US$ spot exchange rate at close of business on that day). The Third Distribution will be effected (i) between the GBP Shares and US$ Shares pro rata to their respective aggregate NAVs as at 31 May 2013 and (ii) within each class pro rata to holdings of GBP Shares and US$ Shares on the register at the close of business on 5 July 2013 (the "Redemption Record Date"). Approximately 76 per cent. of the Company's issued GBP Shares and 76 per cent. of the Company's issued US$ Shares (the "Relevant Percentage") will be redeemed on that date. Amounts payable to holders of GBP Shares will be converted into sterling using the GBP:US$ spot exchange on a date selected by the Liquidators for the purpose (expected to be close of business London time on 10 July 2013). The Third Distribution is equivalent to approximately 10 per cent of the NAV of the GBP and US$ Shares as at 31 March 2012. Following this payment, cumulative payments will represent approximately 96 per cent of the NAV of the GBP and US$ Shares as at 31 March 2012. Payment Mechanics All shares are now held in certificated form (that is, not in CREST). Redemptions will take effect automatically on the Redemption Record Date. As the Shares will be compulsorily redeemed, certificated Shareholders do not need to return their Share certificates to the Company in order to claim their redemption monies. Shareholders' existing Share certificates will be cancelled and new Share certificates will be issued to each such Shareholder for the balance of their shareholding after the Redemption Record Date. Cheques will automatically be issued to certificated Shareholders upon the cancellation of any of their Shares. Payments will be made by way of cheque (drawn on a branch of a UK clearing bank) by post on 15 July 2013 to the registered address of the Redeeming Shareholder (or, in the case of joint holders, the holder whose name appears first in the register of members) at the sole risk of that Redeeming Shareholder. Expected Timetable for Third Distribution: Redemption Record Date: 5 July 2013 Conversion of USD to GBP for payments to GBP Shareholders: 10 July 2013 Settlement of Third Distribution: 15 July 2013 Enquiries: The Liquidators Ashley Paxton and Linda Johnson 20 New Street St Peter Port Guernsey GY1 4AN Tel: 01481 721000 Fax: 01481 722373 restructuring@kpmg.guernsey.gg
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