19 Feb 2020 15:30
19 February 2020
Hadrian's Wall Secured Investments Limited
Notice of termination of Investment Advisory Agreement
The Board of Hadrian's Wall Secured Investments Limited (the "Company") has today served notice on Hadrian's Wall Capital Limited to terminate the investment advisory agreement, such termination to take effect in 12 months. Notice has been served in light of the Board's recently announced intention to seek shareholder approval to put the Company into managed wind-down and in anticipation of the projected run-off profile of the Company's portfolio; with the Board expected to internalise portfolio advisory responsibilities upon termination becoming effective.
The Board will continue to work with Hadrian's Wall Capital Limited during the notice period to maximise value from the portfolio.
LEI: 213800ABN7VKMVNOLG14
Contact Details
David Warr (Chairman)
Telephone 01481 737600
Brett Miller (Director)
Telephone 07770447338
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley / Neil Morgan
Telephone 020 3100 0000
Forward-looking statements
This announcement may contain forward-looking statements with respect to the Company's future financial performance and position. Such statements are based on current expectations, estimates and projections of the Company and information currently available to the Company. The Company cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. The Company accepts no obligation to update the statements contained in this press release, unless required by law.