0W4R Williams Grand Prix Holdings Plc

 
 Williams Grand Prix Holdings PLC (0W4R) 
Williams Grand Prix Holdings PLC : Initial Liquidation Distribution 
 
27-Nov-2020 / 18:48 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
27 November 2020 
 
*Williams Grand Prix Holdings PLC (in members' voluntary liquidation) 
(the 'Company')* 
 
*Initial Liquidation Distribution* 
 
Further to the appointment of Sean Croston and Richard White of Grant 
Thornton UK LLP as Joint Liquidators (the '*Joint Liquidators*') of Williams 
Grand Prix Holdings PLC (in members' voluntary liquidation ) (the 
'*Company*') on 27 October 2020, the Joint Liquidators announce their 
intention to make an initial liquidation distribution to shareholders. 
 
The initial liquidation distribution to shareholders will be made at the 
rate of &euro11.05 per ordinary share of GBP0.05 each on the capital of the 
Company held. All distributions will be paid on 2 December 2020 (or as soon 
as practicable thereafter) to shareholders on the register of members as at 
the record date of 6.00 p.m. on 26 November 2020. 
 
The initial distribution accounts for approximately 99 per cent. of the net 
proceeds received by the Company, after costs, following the sale in August 
2020 of Williams Grand Prix Engineering Limited, the Company's operating 
subsidiary, to BCE Limited, a fund managed by Dorilton Capital Management 
LLC. 
 
The Joint Liquidators do not anticipate being in a position to make any 
further distributions to shareholders until shortly before the liquidation 
of the Company is completed, prior to the Company being subsequently 
dissolved. The value of any subsequent distribution per share cannot be 
estimated at this time. 
 
For further information please contact the following: 
 
*Sean Croston and Richard White  *Contact : Lucy Denne 
Joint Liquidators                Tel : *+44 (0)118 955 9121 
Williams Grand Prix Holdings PLC *E-mail : 
(in members' voluntary           *Lucy.E.Denne@uk.gt.com 
liquidation)* 
1020 Eskdale Road 
Winnersh 
Wokingham 
Berkshire 
RG41 5TS 
 
*END* 
 
Contact: 
Mark Biddle 
General Counsel 
Mark.Biddle@WilliamsF1.com 
 
ISIN:           DE000A1H6VM4 
Category Code:  MSCM 
TIDM:           0W4R 
LEI Code:       213800AFJXFAVYBTE915 
OAM Categories: 2.1. Home Member State 
Sequence No.:   88696 
EQS News ID:    1151306 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

November 27, 2020 12:48 ET (17:48 GMT)

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