DEXION ABSOLUTE LIMITED (IN VOLUNTARY
LIQUIDATION) (THE “COMPANY”)
Further to the announcement dated 17
August 2017 made by Linda
Johnson and Ashley Paxton,
both of KPMG Channel Islands Limited (the “Liquidators”), and the
fifth interim liquidation distribution dated 18 August 2017, 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 a redemption distribution of approximately
US$278,467 (the “Funds”) on or around
10 November 2017, representing
approximately 0.25% of the reported 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 are currently working to complete trades on a
number of illiquid positions which we anticipate will complete
during Q1 2018. Following the receipt of proceeds from these
trades a further announcement will be made to shareholders advising
of the details of a sixth interim liquidation distribution.
We anticipate that this will be in early Q2 2018.
Following receipt of the Funds the Company will have received
redemptions totalling approximately 99.5% 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