RAB SPECIAL SITUATIONS CO. LTD. ?
(the "Company")
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The Directors today announce that the Net Asset Value (including income) per Ordinary Share, based on the estimated value of the RAB Special Situations (Master) Fund Limited provided by the Investment Adviser, excluding shares held in Treasury, was 11.43 pence as at 31 December 2014.
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Given that at the end of 2015 the Board will put forward proposals to shareholders to vote on the life of the Company, the Board has been considering whether to continue to adopt the going concern basis in preparing the Company's financial statements.
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As the Directors expect that the outcome, although uncertain, of the shareholder vote will be in favour of winding-up the Company, the Directors have now adopted the non-going concern basis of accounting. ?The current and subsequent net asset value calculations incorporate this basis of accounting.
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Enquiries to: ? | |
Elysium Fund Management Limited 1st Floor Royal Chambers St Julian's Avenue St Peter Port Guernsey GY1 3JX ? elysium@elysiumfundman.com tel: +44 1481 810 100 | Nominated Adviser and Broker Panmure Gordon (UK) Limited Richard Gray / Andrew Potts / Adam James +44 20 7886 2500 |
? website: www.rabspecialsituations.com | |
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