TIDMALF

RNS Number : 1107K

Alternative Liquidity Fund Limited

06 April 2018

ALTERNATIVE LIQUIDITY FUND LIMITED

Registered in Guernsey - Number 60552

LEI NUMBER 213800R5CHD76J3LU713

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 1GR

Telephone: +44 1481 737600

Facsimile: +44 1481 749810

 
For immediate    6 April 2018 
 release

UPDATE AND RETURN OF CAPITAL

Since the December 2017 announcement, the Company has been working with its advisors in connection with the creation of a new share class and subsequent fund raise. The formal documentation was submitted to the UK Listing Authority in January and explained the proposal for the new share class which involves a Master - Feeder structure. The process has taken longer than anticipated and although there are still several issues being addressed that have arisen from discussions with the UK Listing Authority, clarification on the planned proposal is expected in the near future.

At the last Board Meeting and as detailed in the interim accounts, the manager proposed and the Board has approved a return of capital of 3 cents per share to shareholders, being US$4,399,331.61 in total based on the current number of shares in issue.

This return of capital will be effected by way of an issue of redeemable B shares to existing shareholders pro rata to their shareholding on the record date set out below and the subsequent redemption and cancellation of those B Shares.

It is expected that the timetable for the return of capital will be as follows.

 
 9 April 2018    ex date 
 10 April 2018   record date for shareholders 
                  on the register to receive B 
                  shares 
 11 April 2018   B shares issued to shareholders 
                  on the register as at the record 
                  date 
 12 April 2018   B shares redeemed and cancelled 
 19 April 2018   redemption payment made through 
                  CREST to shareholders who hold 
                  their shares in uncertificated 
                  form 
 19 April 2018   cheques in relation to the redemption 
                  payment sent to shareholders 
                  that hold their shares in certificated 
                  form

All redemption payments will be paid gross of tax.

All Enquiries:

Tim Gardner

Warana Capital LLP

Tel. +44 20 3551 2917

Email: tg@waranacap.com

Website: https://waranacap.com/

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 06, 2018 06:00 ET (10:00 GMT)

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