Confirmation of AllBlue Proceeds Received

RNS Number : 0993H

Highbridge Multi-Strategy Fd Ltd £

29 July 2019

 

HIGHBRIDGE MULTI-STRATEGY FUND LIMITED (THE "COMPANY")

Confirmation of AllBlue Proceeds Received  

The Board of the Company is pleased to announce that the Company has received a further £839,570 and US$ 59,484 from AllBlue Limited, along with £209,664 from AllBlue Leveraged Feeder Limited (the "Proceeds")

Following receipt of the Proceeds, the Company's outstanding creditor interests in AllBlue Limited and AllBlue Leveraged Feeder Limited (together the "AllBlue Funds"), which were last valued as at 30 June 2018, represent approximately 0.3%% of the Company's net assets, based on the Company's most recent net asset valuation as at 19 July 2019.

The portion of the Proceeds on a per share basis attributable to those former shareholders who participated in the cash exit opportunity in February 2016 ("2016 Cash Exit Creditors") and those former shareholders who participated in the tender offer in October 2016 ("2016 Tender Creditors"), who all remain creditors of the Company, are as set out below:

	GBP Class	USD Class
2016 Cash Exit Creditors - per Share	£0.0027	$0.0027
2016 Tender Creditors - per Share	£0.0027	-

The Board has been notified by the Liquidator that, no further distributions are expected to be made by the AllBlue Funds for the foreseeable future.

The Board of the Company has decided not to make any payments of monies received from AllBlue Limited and AllBlue Leveraged Feeder Limited until the results of both the extraordinary general meeting, to be convened in due course, and the accompanying cash exit offer to shareholders are known in order to avoid an undue administrative burden and excessive costs, including bank charges payable by each recipient of such payments.

For further information please contact:

Praxis Fund Services Limited

Company Secretary

Tel: [phone]

LEI: 213800397SYHLYFH5961

 

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