TIDMADU

RNS Number : 9189B

Advance UK Trust PLC

25 February 2011

Advance UK Trust PLC (in members' voluntary liquidation)

Portfolio update and third interim distribution to shareholders

The Company has now realised all of the investments in its portfolio and has net cash available for distribution of GBP4.9m.

In accordance with the circular to shareholders dated 19 February 2010 (the "Circular"), the Joint Liquidators, Laura Waters and Richard Setchim, both of PricewaterhouseCoopers LLP, have declared a third interim cash distribution at the rate of 17.7p per Ordinary Share. In aggregate, the distribution will return GBP4.9m to shareholders. Cheques will be dispatched to shareholders on 28 February 2011.

As described in the Circular, a final distribution to Shareholders, if any, may be made on receipt of any VAT recoveries arising from the claim for restitution against HM Revenue & Customs. The pursuit of such recoveries may take several years to conclude.

Enquiries:

 
 Laura Waters              +44 (0) 207 212 6173 
 James Yeoward             +44 (0) 20 7212 4861 
 PricewaterhouseCoopers 
  LLP

25 February 2011

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

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