DEXION ABSOLUTE LIMITED (IN VOLUNTARY LIQUIDATION) (THE "COMPANY")
At an extraordinary general meeting of the Company held on 23 March 2016,
shareholders passed resolutions to wind-up the Company and appointed Linda
Johnson and Ashley Paxton of KPMG Channel Islands Limited as joint liquidators
(the "Liquidators").
Further to the Liquidators' shareholder announcement of 7 November 2016, and
the second interim liquidation distribution dated 18 November 2016, 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 approximately US$11,095,000 (the "Funds") on or around 15
February 2017, representing approximately 9.5% of the reported Net Asset 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 anticipate making a distribution (the "Third Interim
Distribution") to shareholders of the Company during the week commencing 20
February 2017. A further announcement will be made by the Liquidators as soon
as the rate per share and the distribution date of the Third Interim
Distribution have been agreed.
Following the Third Interim Distribution, the Liquidators will have distributed
approximately 91.5% 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