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BlueCrest AllBlue update on return of capital

10 December 2015 07:40

BlueCrest AllBlue Fund says that following the announcement of the proposed return of capital by AllBlue Limited, the company has received a significant number of indicative proposals from third party investment managers in relation to potentially suitable options for shareholders considering maintaining their investment in the company or another vehicle in a tax efficient manner.

The board is conducting an initial assessment of all indicative proposal with a view to then undertaking a more detailed due diligence review of any candidates which represent potentially viable continuation options for shareholders.

This review exercise is proposed to be completed early in the new year with a view to the company being in a position to put forward proposals to all shareholders for consideration by no later than the end of January.

Story provided by StockMarketWire.com

Related Company: BABS

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