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
30 May 2017, and the fourth interim
liquidation distribution dated 2 June
2017, 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
a redemption distribution of approximately US$2,695,000 (the “Funds”) on or around
9 August 2017, representing
approximately 2.5% 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, following which the
Liquidators will make a liquidation distribution (the “Fifth
Interim Distribution”) to shareholders of the Company.
It is anticipated that the Fifth Interim Distribution will be
made during the week commencing 14 August
2017; a further announcement will be made by the Liquidators
as soon as the rate per share and the distribution date have been
agreed.
Following the Fifth Interim Distribution, the Liquidators will
have distributed approximately 97.5% 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