Altus Resource Capital Limited Update concerning the continuation of the Company (7740J)
10 April 2015 - 1:30AM
UK Regulatory
TIDMARCL
RNS Number : 7740J
Altus Resource Capital Limited
09 April 2015
ALTUS RESOURCE CAPITAL LIMITED (LSE:ARCL) (the "Company")
9 April 2015
UPDATE CONCERNING THE CONTINUATION OF THE COMPANY
Following on from the Company's announcement released on 30
January 2015 concerning the subject above, over the last four
months the Board of Directors of the Company (the "Board") has
engaged with various parties and considered various proposals
relating to the continuation of the Company; and have concluded
that it is in the best interests of the Company's shareholders (the
"Shareholders") to have an orderly liquidation of the Company's
assets with the objective of an initial capital distribution to
Shareholders as soon as possible, subject to review by the
Company's auditors and legal advisors.
The Board has taken steps to ensure the Company's portfolio is
highly liquid and as of today cash comprises approximately 78% of
its holdings.
The Board will write to Shareholders again providing details of
the capital distribution to be made as soon as practicable.
If you are in any doubt about your tax position following the
above action you should consult an appropriate professional
adviser.
For further information contact:
Administrative Enquiries: Shareholder Enquiries:
JTC (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
E&OE - In Transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
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