AAM.L Share Price (AAM)

27 th Oct 21 have received 5.5 p final distribution.
Do not think a return of 45 pence or so in the pound over 16 years is a good return. Have had 6 diff VCT and not one good experience. Will not invest again in Vct

Any updates

Where we can find info on progress of wind up? Just wandering how long everyone thinks it will take to get final payouts too. Info seems very sparse which concerns me.

I am surprised that some are still buying AAM when it is proposed to close the trust down.

I mean the last buy at 28p is when the todays NAV is at 23.71p ie 18% over NAV, in a market where there has to be a real risk we will see more falls due to a recession. Seems a bit crazy to me.

As per todays results it looks like the end. Disappointing that they can't continue, but at least principled if AIM does not contain the investments at reasonable value it is better to close, see below :-

"A number of options have been discussed, all of which had various pros and cons, which were considered in detail. The culmination of these discussions will see a proposal and recommendation to shareholders that a members' voluntary liquidation of the Company be undertaken (the 'Proposal'). In addition, in view of the Proposal, the Company will be withdrawing its share buy back policy with immediate effect.

The Board strongly believes that this route will enable the Investment Manager to realise the portfolio in an orderly manner, maximising shareholder returns and minimising the significant ongoing costs incurred in running the Company.

It is intended that a circular (the 'Circular') be issued to shareholders in September 2020, outlining the full details of the Proposal. The Circular will also include a notice for a general meeting of the Company, to be convened prior to the Company's year end, enabling resolutions to be proposed and voted on by shareholders to this effect.

If approved, a liquidator will be appointed by shareholders and the Company will de-list from the London Stock Exchange. The liquidator, with assistance from the Investment Manager, will realise the remaining assets of the Company and distribute the proceeds to shareholders through periodic distributions. Once all of the assets have been realised and the liquidator is satisfied that there are no outstanding creditors or other liabilities the Company will be wound up.

Given the continuing challenges faced by the Company in its operating environment it is your Board's belief that the time is now appropriate for the Company to follow this route."