Further re Strategic Review
14 Juillet 2008 - 10:20AM
UK Regulatory
RNS Number : 9724Y
PSolve Alternatives PCC Ltd
14 July 2008
PSolve Niche Opportunities Fund - Strategic review by Board of Directors
PSolve Niche Opportunities Fund is a closed-ended protected cell of PSolve Alternatives PCC Limited (the "Company").
14 July 2008
Strategic review by Board of Directors
Further to the announcement made on 19 March 2008 that the Board was considering the strategic options for the Fund going forward, the
Board has explored a number of different proposals.
Several options, each of which enable shareholders to receive cash, need further investigation and during this assessment period the
Board has instructed the Company's investment manager to increase the overall cash position of the Fund. It is anticipated that the
significant majority of the portfolio will be in cash (or the redemption value will be known) by the end of September 2008. It is
anticipated that shareholders will receive a circular setting out proposals by the end of August 2008.
Contacts:
Claire Burston, Penrose, +44 (0) 207 786 4886
Polly Smith, P-Solve Alternative Investments, +44 (0) 207 024 7437
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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