Caliber
Caliber Global Investment Limited has appointed Michael Fayle of KPMG LLC, as the Liquidator to liquidate the Company and settle the Company's liabilities. As a consequence of the Company's entry into liquidation the Shares shall terminate trading on the London Stock Exchange and be delisted from the Official List.
The Liquidator will realise the assets, seek out, agree and pay creditors claims and distribute any surplus to shareholders. It is envisaged that the Investment Manager will advise the Liquidator on a realisation strategy and effect the disposal of investments. The current expectation is that the investments will all be realised by March 2009 and after making any retention deemed appropriate by the Liquidator to cover contingent or other liabilities, it is expected that the Liquidator will make the first distribution by December 31, 2008, and the final distribution by June 30, 2009. Given current market conditions there can be no guarantee that the proceeds of liquidation will allow aggregate distributions equal to the net asset value per Share at June 30, 2008 and distributions may be significantly less than this.
For more information about Caliber, please visit www.caliberglobal.com