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MTH - Mithras Investment Trust News Story

241p 0.0  0.0%

Last Trade - 11/09/18

Sector
Financials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £3.24m
Position in Universe th / 1816

Mithras Inv.Trst PLC - Circular re. Members' Voluntary Liquidation

Wed 25th July, 2018 2:22pm
RNS Number : 7627V
Mithras Investment Trust PLC
25 July 2018
 

MITHRAS INVESTMENT TRUST PLC (the "Company")

Circular regarding Members' Voluntary Liquidation

At the Company's Annual General Meeting in April 2018, the Board announced that the final stage of the Company's realisation strategy was likely to entail a voluntary liquidation of the Company and that it would commence when the Company is in a position to make a further distribution to shareholders. The Company has continued to make good progress with the realisation strategy with four of the Company's ten largest underlying investments as at 31 December 2017 having been realised during 2018 and as at 30 June 2018, the Company had net surplus cash of £8.8 million.

The Board is working with its appointed advisor, FRP Advisory, and expects to issue a circular to shareholders in mid-August 2018 convening a General Meeting to approve a Members' Voluntary Liquidation.

Given that the Company is expected to enter liquidation before 30 September 2018, the Company will not be issuing an Interim Report to shareholders for the first six months of 2018.

 

For further information contact:

Bernie Boylan

Mithras Capital Partners LLP

020 7872 5651

 

Neil Langford

Winterflood Investment Trusts

020 3100 0160

 

25 JULY 2018

 


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