Ukraine Opportunities reports that its NAV fell from $3.567 to $3.20 over the first half of 2015. The share price move was more dramatic – a fall from $3.10 to $2.20 – as the discount moved from 13.2% to 33.5%.
The Board made the following statement:
“Having consulted with its major shareholders, and taking into consideration the ongoing conflict in Ukraine, the Board believes the cost of maintaining a public listing outweighs the benefits. As such, the Board will be writing to
shareholders via a shareholder circular to seek approval to delist the Company’s shares from trading. A draft circular is currently with the UK Listing Authority for approval, and once approved will be sent to shareholders.”
UKRO : Ukraine Opportunities will delist