Reporting Fund Status (9082R)
11 Noviembre 2011 - 1:30AM
UK Regulatory
TIDMBKWD
RNS Number : 9082R
Brookwell Limited
11 November 2011
Brookwell Limited
Annual reporting requirements in respect of Reporting Fund
Status
Brookwell Limited ("the Company") announces that as per the
statement in the Company's Annual Report 2011, its D Shares have
been accepted by HM Revenue and Customs ("HMRC") as a reporting
fund under The Offshore Funds (Tax) Regulations 2009. The directors
consider it in the interests of the D Shareholders for the Company
to hold such status. Under this regime, the general position is
that gains realised by UK resident investors on the disposal of an
interest in a reporting fund will be taxed under capital gains
rather than income, although such investors will be taxable on any
reportable income of the fund on an annual basis. The Company
appointed Grant Thornton UK LLP to prepare its initial application
and subsequent reporting income calculations to the HMRC.
As part of the Company's ongoing obligations as a reporting
fund, it must announce its "reporting income", for the period to
the 30 June 2011. Details of this are provided below:
a) the amount of income distributed to investors per unit of interest in the fund
Nil
b) the excess amount of reportable income per unit of interest
in the fund in excess of the amount distributed
Nil
c) the dates on which distributions were made
Not applicable
d) the fund distribution date
31 December 2011
The Company confirm's that it remains a reporting fund on the
date of issue of this advice.
For further information please contact:
Brookwell Limited
Hannah Girard Tel: 01481 726 034
Progressive AIM Realisation Limited (Investment manager)
Robert Legget / Ross Courtier Tel: 020 7566 5550
Deloitte Corporate Finance (Nominated adviser)
Jonathan Hinton / James Lewis Tel: 020 7936 3000
Marshall Securities Limited (Broker)
John Webb Tel: 020 7490 3788
11 November 2011
Website: www.brookwelllimited.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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