RE: Share value ?2 Feb 2019 12:31
Letter from HL on 31/1/19 Glad I didn't have much in this ..
Bellzone Mining plc - Liquidation
Your holding of 90,000 in your SIPP Income Drawdown
What is happening?
Bellzone Mining plc Shares were cancelled from trading on the AIM market on 14 January 2019. The cancellation followed the suspension of the Shares on 3 December 2018. The Board have appointed Alan Roberts and Ben Rhodes of Grant Thornton Jersey as Joint Liquidators.
Why is this happening?
“The Company has announced that its discussions to source further funds through monestising its Konta Port asset have not been successful and therefore the Company has been left with no alternative but to cease trading immediately and be placed into the appropriate insolvency process. As such the Board on 12 December 2018 filed a representation with the Royal Court of Jersey requesting the court to Order a Winding Up under article 155 of the Companies (Jersey) Law 1991 and appointing as liquidators Alan Roberts and Ben Rhodes, both of Grant Thornton Jersey.” (Source: Company Announcement 14 January 2019).
How will my Shareholding be affected?
Following the cancellation, any available proceeds will be distributed once the Winding-Up is complete. The expected timeframe for the Winding-Up and any possible distribution has not yet been announced.
Should you have any queries regarding this matter please do not hesitate to contact our Investment Helpdesk on 0117 900 9000.
Yours sincerely