REG-Menhaden Resource Efficiency PLC: Liquidation Update-Correction

Menhaden Resource EfficiencyAnnouncement

13/05/2025 12:30

The following amendment has been made to the `Liquidation Update' announcement
released on 13 May 2025 at 10.23 am. The date quoted in the third paragraph
should have stated `As at 13 May 2025' and not `As at 9 March 2025'. All other
details remain unchanged.

13 May 2025

 

Menhaden Resource Efficiency PLC (in Members Voluntary Liquidation)

(the "Company")

LEI: 2138004NTCUZTHFWXS17

 

Liquidation Update

 

 

Further to the liquidation of the Company on 26 March 2025 and the
announcement on 9 April 2025, the Joint Liquidators of the Company are in a
position to make the first cash distribution to Shareholders of the Company of
51 pence per Share on 15 May 2025. This first distribution equates to a
distribution of approximately £40 million.

 

Terms used in this announcement have the same meaning as those set out in the
circular to shareholders dated 28 February 2025 ("the Circular").

 

As at 13 May 2025, the Company's Portfolio Manager has realised a significant
proportion of the listed investments.

 

The Joint Liquidators continue to manage the Company's liabilities, costs and
expenses of the liquidation including the realisation of the Company's
remaining listed investments and unquoted investments as set out the Circular.

 

At this stage, the Joint Liquidators are seeking to conclude and submit the
tax returns relating to the pre liquidation period and to make arrangements
for realisation of the Company's unquoted investments.

 

At present it is anticipated that a second cash distribution will be announced
to Shareholders of the Company in the next two weeks.

 

 

 

 

 

 

 

Joint Liquidators:

Derek Hyslop and

Richard Barker

Ernst & Young LLP

1 More London Place

London SE1 2AF

 

Enquiries: MHN@parthenon.ey.com



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