Damille Investments II Limited Liquidation of the Company (2597D)
29 Janeiro 2018 - 3:34PM
UK Regulatory
TIDMDIL2
RNS Number : 2597D
Damille Investments II Limited
29 January 2018
DAMILLE INVESTMENTS II LIMITED
(LSE:DIL2) (the "Company")
29 January, 2018
Liquidation of the Company
At the general meeting of the Company held on 4 May, 2016 the
resolution put to shareholders that the Company continue its
business as a closed-ended investment company was not passed. On 23
June, 2016 the Company announced that the directors intended to
commence an orderly realisation of the Company's assets.
Following that announcement, the Board of directors of the
Company (the "Board") has realised as much of the Company's
investment portfolio as possible for cash and have returned this
cash to shareholders periodically by means of a compulsory
redemption of a portion of each shareholders shares pro-rated to
their then percentage holding in the Company. Since commencing that
process, the Company has returned a total of approximately GBP68.5
million to shareholders.
At a Board meeting held on 29 January, 2018, the Board resolved
to make further proposals to shareholders in general meetings,
pursuant to which, subject to shareholders' approval, the Company's
final investment assets will be either realised or distributed to
shareholders in specie, with a final distribution via a compulsory
redemption of a portion of each shareholder's shares being made in
late March, 2018, after which shareholders will be asked to vote
the Company into members' voluntary liquidation at the end of
March, 2018.
Further details of these proposals will be included in the
Company's annual financial report for the year ended 30 November,
2017, which is expected to be published in late February, 2018,
together with a notice of the Company's annual general meeting, at
which shareholders will be asked to approve the Board's
proposals.
Overview
The Company is a Guernsey registered, closed-ended investment
company, whose shares have been admitted to trading on the
Specialist Fund Segment of the London Stock Exchange's Main Market
for Listed Securities.
By order of the Board
Damille Investments II Limited
Administrative Enquiries: Shareholder Enquiries:
JTC Fund Solutions (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
END OF ANNOUNCEMENT
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January 29, 2018 12:34 ET (17:34 GMT)
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