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
22 July 2016, and the first interim
liquidation distribution dated 26 August
2016, the Liquidators announce the following update to
shareholders with respect to the Company’s investment in Aurora
Offshore Fund II Limited (“AOFL II”), the Company’s main investment
position.
The Liquidators have been informed by Aurora Investment
Management L.L.C, the investment manager to AOFL II, that the
Company will receive US$11,971,972.55
(the “Funds”) on 8 November 2016,
representing 10.27% 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.
The Liquidators anticipate making a distribution of the Funds
(the “Second Interim Distribution”) to shareholders of the Company
during the week commencing 14 November 2016. A further
announcement will be made by the Liquidators as soon as the rate
per share and the distribution date of the Second Interim
Distribution has been agreed.
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