Altus Resource Capital Limited Proposed Voluntary Liquidation of the Company (1157O)

TIDMARCL

RNS Number : 1157O

Altus Resource Capital Limited

22 May 2015

Proposed Voluntary Liquidation of the Company

The Company has today published a shareholder circular convening an extraordinary general meeting at 10.30 a.m. on 10 June 2015, at which a resolution will be tabled proposing the voluntary liquidation of the Company.

A copy of the shareholder circular is available:

http://www.altrescap.com/i/pdf/ARCL_Shareholder_Circular_May_2015.PDF.

The proposed timetable for the voluntary liquidation is as follows:

 
 Record date for participation and           10.30 a.m. on 8 June 2015 
  voting at the EGM 
 Latest time and date for receipt            10.30 a.m. on 8 June 2015 
  of Form of Proxy for the EGM 
 Closing of the Company's register              5 p.m. on 10 June 2015 
  and Record Date for participation 
  in liquidation distributions 
 EGM                                        10.30 a.m. on 10 June 2015 
 Liquidators appointed                                    10 June 2015 
 Announcement of results of the                           10 June 2015 
  EGM 
 Cancellation of the admission of               7 a.m. on 11 June 2015 
  the Shares to trading on the Specialist 
  Fund Market 
 *First Distribution to Shareholders         By or before 16 June 2015

All references are to London time unless otherwise stated.

* The Liquidators will make the first distribution (less the Retention) as soon as practicable following their confirmation of the NAV and the Directors' representations.

For further information contact:

Administrative Enquiries:

JTC (Guernsey) Limited

Tel: +44 (0) 1481 702 400

Shareholder Enquiries:

Nimrod Capital LLP

Tel: +44 (0) 20 7382 4565

info@nimrodcapital.com

E&OE - In Transmission

END OF ANNOUNCEMENT

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