RE: Whats going on?10 Feb 2025 12:54
Again DD please state correct facts it is all in the public domain nothing to hide.
The realisation of the Redemption Pool has progressed well and is nearly complete, with only two small positions remaining, which are currently suspended and which may take time to realise, with no certainty on the amounts to be realised. As such, the Directors have resolved to make an interim distribution in respect of the Ordinary Shares redeemed in the November 2024 Redemption (the "Interim Distribution"). The Interim Distribution per redeemed Ordinary Share equals the aggregate cash received to date by the Company upon the realisation of the Redemption Pool, after deducting the costs of the November 2024 Redemption, and a pro - rata share of the costs and expenses, to date, of the Company not attributable to a particular pool, divided by the number of Redemption Shares.
On that basis, the Board confirms that the Interim Distribution for the 5 November 2024Redemption Point is 48.43 pence per redeemed Ordinary Share including dividends and bank interest received. Payments will be despatched to the former shareholders of the Company whose shares were redeemed in the November 2024 Redemption on or around 4 February 2025.
The Company will provide a further update regarding the final distribution in due course.
Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary