Portfolio update and third interim distribution (9189B)
25 Febrero 2011 - 11:07AM
UK Regulatory
TIDMADU
RNS Number : 9189B
Advance UK Trust PLC
25 February 2011
Advance UK Trust PLC (in members' voluntary liquidation)
Portfolio update and third interim distribution to
shareholders
The Company has now realised all of the investments in its
portfolio and has net cash available for distribution of
GBP4.9m.
In accordance with the circular to shareholders dated 19
February 2010 (the "Circular"), the Joint Liquidators, Laura Waters
and Richard Setchim, both of PricewaterhouseCoopers LLP, have
declared a third interim cash distribution at the rate of 17.7p per
Ordinary Share. In aggregate, the distribution will return GBP4.9m
to shareholders. Cheques will be dispatched to shareholders on 28
February 2011.
As described in the Circular, a final distribution to
Shareholders, if any, may be made on receipt of any VAT recoveries
arising from the claim for restitution against HM Revenue &
Customs. The pursuit of such recoveries may take several years to
conclude.
Enquiries:
Laura Waters +44 (0) 207 212 6173
James Yeoward +44 (0) 20 7212 4861
PricewaterhouseCoopers
LLP
25 February 2011
END
This information is provided by RNS
The company news service from the London Stock Exchange
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