RDL Realisation logo

RDLZ - RDL Realisation News Story

121.5p 0.0  0.0%

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1807

RDL Realisation PLC - Change of AIFM and intention to delist

Wed 25th November, 2020 7:00am
RNS Number : 3857G
RDL Realisation PLC
25 November 2020

25 November 2020

RDL Realisation PLC (the "Company")

Change of AIFM and intention to propose a resolution to delist

As previously announced by the Company and pursuant to the Company's ultimate objective of effecting a managed wind down of its portfolio with a view to realising all of its investments, the Board continues to work with the management teams of each of the remaining platforms through which it has invested. The Board is also focused on reducing the ongoing running costs being incurred by the Company. 

In connection with the Board's efforts to minimise the running costs of the Company, it has yesterday served notice on the Company's Alternative Investment Fund Manager ("AIFM"), International Fund Management Limited ("IFM"), and has notified the FCA that it intends for the Company to become a small registered AIFM which is self-managed, thereby saving the Company external management fees going forward. These changes are expected to come into effect on 24 February 2021 on the expiry of the notice period prescribed in the Company's agreement with IFM. The Board would like to thank IFM for its services over the last two years as the Company has worked on realising its portfolio.

The Board would also like to take this opportunity to notify shareholders that it intends to convene a general meeting in early 2021 at which a special resolution will be proposed to cancel the listing of the Company's ordinary shares from the premium segment of the Official List of the Financial Conduct Authority and from trading on the Main Market of the London Stock Exchange plc ("De-listing"). The De-listing is expected to result in further cost savings for shareholders as the remainder of the portfolio runs off or is realised. Further details will be set out in a circular to be published by the Company in due course.

For further information, please contact:

Link Company Matters Limited



+44 (0)1392 477 571


LEI: 549300VGZSKYQ7C2U221




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.