Global Fixed Income Realisation Ltd PUBLICATION OF TENDER OFFER CIRCULAR (6146S)
October 04 2017 - 2:00AM
UK Regulatory
TIDMGFIR
RNS Number : 6146S
Global Fixed Income Realisation Ltd
04 October 2017
4 October 2017
GLOBAL FIXED INCOME REALISATION LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 45717)
PUBLICATION OF TENDER OFFER CIRCULAR
Further to the announcement of 26 September 2017, the Board of
Global Fixed Income Realisation Limited (the "Company") announces
that a circular has today been circulated to shareholders in
connection with the proposed tender offer (the "Circular").
Further to the announcements of 29 August and 18 September 2017,
the Board also wishes to advise that it has been informed by the
administrator of 3D Propco Limited ("3DPC") that the distribution
received by the Company from 3DPC has been processed as a final
distribution pari passu to all investors. The Board intends to
continue to pursue the Company's interests in connection with this
distribution, which represented a 44% discount to the NAV of this
investment produced by the administrator of 3DPC as at 30 June 2017
which was based on a "fire sale" valuation attributed to its
underlying asset. In the meantime the Board does not anticipate
there being any adjustment to the aggregate gross consideration of
the tender offer and it is expected that the next Company NAV will
not attribute any residual value to this holding.
Copies of the Circular can also be found on the Company's
website at https://www.lumx.com/gfir/gfir.
Enquiries
Numis Securities Limited
Nathan Brown, Corporate Broking and Advisory
Tel. +44 (0) 20 7260 1426
Email: n.brown@numis.com
Praxis Fund Services Limited
Tel. +44 (0)1481 737 600
Important Information
The information in this announcement should be read in
conjunction with the full text of the Circular. Capitalised terms
used in this announcement shall, unless the context otherwise
requires, bear the meaning given to them in the Circular.
This announcement and the information contained herein is not
for publication, release or distribution, directly or indirectly,
in or into the United States, Australia, Canada, Japan or South
Africa or any jurisdiction in which the same would be unlawful.
This announcement is for information purposes only and does not
constitute an invitation to tender shares or otherwise acquire or
dispose of securities in the Company in any jurisdiction.
Numis Securities Limited ("Numis"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting for the Company and is acting for no-one else in
connection with any tender offer declared by the Company and will
not be responsible to anyone other than the Company for providing
the protections afforded to its clients nor for providing advice in
relation to any tender offer by the Company or any other matter
referred to herein. To the fullest extent permitted by law
recipients agree that Numis shall not have any liability (direct or
indirect) for or in connection with this announcement or any
matters arising out of or in connection herewith. Numis has not
authorised the contents of, or any part of, this announcement.
This announcement has been issued through the Companies
Announcement Service of
The Irish Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
END
ISEBRBDGBGGBGRX
(END) Dow Jones Newswires
October 04, 2017 02:00 ET (06:00 GMT)
Global Fixed Income (LSE:GFIR)
Historical Stock Chart
From Apr 2024 to May 2024
Global Fixed Income (LSE:GFIR)
Historical Stock Chart
From May 2023 to May 2024