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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ottoman | LSE:OTM | London | Ordinary Share | GB00B0PJ6V42 | 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% | 1.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMOTM
RNS Number : 4903U
Ottoman Fund Limited (The)
25 October 2017
This announcement contains inside information and is required to be issued pursuant to the Market Abuse Regulation.
The Ottoman Fund Limited: Market Update
The Ottoman Fund Ltd. ("the Company") is pleased to announce that it has successfully repatriated its cash from Turkey and has placed its three Turkish subsidiaries in liquidation. This represents a substantial step in the Company's efforts to wind up its business activities in Turkey and return excess capital to shareholders. The Company's auditors and administrator are preparing the Company's final set of audited accounts for the year ending 31 October 2017, which are expected to be published before the end of the year. The Company expects to convene an extraordinary general meeting early in the new year to adopt the final accounts, approve the Company's winding up, approve the immediate delisting of the Company from the AIM Market of the London Stock Exchange and approve a final distribution.
The Company now expects that the final distribution will be in the range of 1.36 to 1.53 pence per share (subject to any unexpected issues) and would be made in or around February 2018 following the approval of shareholders at the extraordinary general meeting. In addition, as the Company will not have fully implemented its current investing policy and returned proceeds from its realised assets within 12 months from 17 November 2016 (being the deadline imposed under AIM Rule 15, as previously notified), the Company advises shareholders that its shares will be suspended from trading on AIM as of 7.30 am on 20 November 2017.
Enquiries:
N+1 Singer 020 7496 3000
James Maxwell
Company Secretary 01534 504 700
Vistra Fund Services Limited
John D. Chapman
Chairman
The Ottoman Fund Limited
4th Floor, St Paul's Gate, 22-24 New Street, St Helier, Jersey, JE1 4TR
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKQDKNBDDCKB
(END) Dow Jones Newswires
October 25, 2017 02:00 ET (06:00 GMT)
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