Dexion announces 2014 exit payments

In May 2014 Dexion Absolute offered shareholders a chance to exit the company. 50.9% of the issued GBP Shares, 15.6% of the issued EUR Shares and 48.8% of the issued US$ Shares were redeemed. Shareholders that opted for redemption had to wait until now for the first tranche of their money (the balance will be payable in April, about a year after the redemption offer).

Dexion Absolute has today announced details of how much each shareholder will get. The figures are US$ 2.586328 per Redeemed GBP Share, US$ 2.895020 per Redeemed EUR Share and US$ 3.535615 per Redeemed US$ Share. US dollar redemption proceeds will be converted by the Company into GBP for the Redeemed GBP Shareholders and EUR for the Redeemed EUR Shareholders using the prevailing spot foreign exchange rate as at approximately 1600hrs on 6 February 2015. Payment is expected to be made on or about 13 February 2015. This first payment to Redeeming GBP Shareholders, Redeeming EUR Shareholders and Redeeming US$ Shareholders is expected to represent approximately 95 per cent. (in US$ terms) of the NAV of such Redeemed Shares as at 31 December 2014

DAB / DABU / DABE : Dexion announces 2014 exit payments