Renaissance Russia Infra Equities Dividend Declaration (7395H)
24 Giugno 2013 - 5:16PM
UK Regulatory
TIDMRIEL
RNS Number : 7395H
Renaissance Russia Infra Equities
24 June 2013
Not for release, publication or distribution, in whole or in
part, in or into or from Australia, Canada, Japan, South Africa or
the United States or any other jurisdiction where such release,
publication or distribution would constitute a violation of the
relevant laws or regulations of such jurisdiction
24 June 2013
Renaissance Russia Infrastructure Equities Limited
("RIEL" or the "Company")
Declaration of an in specie dividend
As detailed in the circular to shareholders dated 11 October
2012 (the "Circular") and as announced on 3 June 2013, following
the realisation of the majority of the Company's illiquid
investments RIEL is pleased to declare an in specie dividend (the
"Dividend") of units in Renaissance Russian Infrastructure Equities
Fund (the "UCITS Fund") ("Units") which represents the majority of
the Company's assets as at today's date.
Pursuant to the Dividend, each shareholder shall on 5 July 2013
receive 0.0389076 Units for every ordinary share held by them on
the record date.
The record date for the Dividend is the close of business on 2
July 2013 with the ex-dividend date being 28 June 2013.
Following the Dividend the Company will no longer hold Units in
the UCITS Fund and its assets will consist of approximately US$1.3
million in cash, shares in Mostotroy-11 valued at US$3.3 million as
at 21 June2013 which the Company's Investment Manager will look to
realise and a number of illiquid investments that are to be written
off in full.
Winding up proposals
As a result of the dividend and as previously detailed in the
Circular, the Company also announced on 3 June 2013 that the Board
had resolved to seek the approval of Shareholders for proposals for
a voluntary winding-up of the Company and the cancellation of the
listing of the Company's shares to the Official List and to trading
on the London Stock Exchange's Main Market for listed securities
(the "Future Proposals").
The Future Proposals will be subject to shareholder approval and
a circular will be sent to shareholders in due course. The circular
will include further details on the Future Proposal and a notice
convening an extraordinary general meeting to approval such Future
Proposals.
Further information on the UCITS Fund
The UCITS Fund will have two dealing days per month on which
Units may be subscribed for or redeemed at the net asset value per
Unit (the first and fifteenth calendar day of each month).
The board of directors of Renaissance Asset Managers Global
Funds, the umbrella fund of the UCITS Fund, have indicated that
they will not, except in the event of severe market disruptions
where it would not be possible to determine the net asset value of
the Units, exercise their right to defer redemption requests
received in respect of the UCITS Fund on the first dealing day
immediately following the distribution of Units to shareholders
pursuant to the Dividend.
Further information on the UCITS Fund is set out in the Circular
and the UCITS Fund's prospectus, which are available on the
Company's Investment Manager's website www.renasset.com.
Shareholders who have not completed the form sent to them by the
Company on 3 June 2013, indicating how they wish to hold the Units
of UCITS to be distributed to them, should complete and return the
form as soon as possible. Units distributed to shareholders who
have not completed and returned the form to the Company will be
held by JP Morgan Bank Luxembourg SA for their benefit until the
relevant information has been provided to the Company. A copy of
the form is available on the Company's Investment Manager's website
www.renasset.com.
Enquiries:
Renaissance Russia Infrastructure Equities Limited
Robert Brown, Company Secretary, RIEL +44 1481 726 081
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVPGUWGQUPWGAC
Grafico Azioni Ren. Russia (LSE:RIEL)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Ren. Russia (LSE:RIEL)
Storico
Da Set 2023 a Set 2024