Net Asset Value(s)
August 10 2010 - 11:08AM
UK Regulatory
TIDMUSPI
Global Special Opportunities Trust Plc (the "Company")
Portfolio valuations
The Board of Global Special Opportunities Trust Plc have been informed by its
Investment Adviser, RENN Capital Group, that the Company may be unable to
realise certain of its illiquid investments before its planned wind up date of
31 May 2011. In that event their realisation would be undertaken by the
Liquidator and the outcome would be uncertain.
The Board has engaged with its advisers to review the value of these
investments, which may have a material and adverse impact on the Company's net
asset value ("NAV") and have therefore suspended all NAV announcements until
such time as this review has been completed.
The Board is also taking advice on the implications of this information upon
the presentation of the Annual Report for the year ending 31 May 2010.
A further announcement will be made in due course.
10 August 2010
END
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