DEXION ABSOLUTE LIMITED (IN VOLUNTARY
LIQUIDATION) (THE “COMPANY”)
At an extraordinary general meeting of the Company held on
23 March 2016, shareholders passed
resolutions to wind-up the Company and appointed Linda Johnson and Ashley
Paxton of KPMG Channel Islands Limited as joint liquidators
(the “Liquidators”).
Further to the Liquidators’ shareholder announcement of
7 November 2016, and the second
interim liquidation distribution dated 18
November 2016, the Liquidators have been informed by Aurora
Investment Management L.L.C., the investment manager to Aurora
Offshore Fund Limited II (“AOFL II”), that the Company will receive
approximately US$11,095,000 (the
“Funds”) on or around 15 February
2017, representing approximately 9.5% of the reported Net
Asset Value of the Company’s investment in AOFL II as at
30 June 2016.
As shareholders will be aware, the Company operates a single
Sterling denominated share class. Upon receipt of the Funds,
the Liquidators will immediately convert the Funds from US Dollars
to Sterling at the prevailing exchange rate.
The Liquidators anticipate making a distribution (the “Third
Interim Distribution”) to shareholders of the Company during the
week commencing 20 February 2017. A further announcement will
be made by the Liquidators as soon as the rate per share and the
distribution date of the Third Interim Distribution have been
agreed.
Following the Third Interim Distribution, the Liquidators will
have distributed approximately 91.5% of the Company’s investment in
AOFL II.
Enquiries:
The Liquidators
Linda Johnson and Ashley Paxton
Glategny Court
Glategny Esplanade
St Peter Port
Guernsey
GY1 1WR
Tel: 01481 721 000
restructuring-ci@kpmg.com