EF Realisation Company : EFR
EF Realisation was a closed-ended investment company incorporated in Guernsey and was established as a successor vehicle to EWPO to hold the illiquid assets formerly owned by EWPO.
EF Realisation’s investment objective was to conduct an orderly realisation of the assets of EF Realisation within two years from the date of EF Realisation’s admission to trading on the London Stock Exchange, in a manner that would achieve a balance between returning cash to shareholders promptly and maximising the value of its portfolio. This objective was fulfilled and EF Realisation, further to approval obtained from its shareholders at an Extraordinary General Meeting on 24 September 2018, was place into voluntary liquidation, following the a distribution of its Lonestar Resources stake
EF Realisation Company’s investment objective was to conduct an orderly realisation of the assets of the company, to be effected in a manner that sought to achieve a balance between returning cash to shareholders promptly and maximising the value of the portfolio.
EF Realisation did not make any new investments save that: available cash could be used to fund, where necessary, capital calls in relation to investments held at the time where the directors believed it was necessary to preserve the value of that investment; and/or (b) available cash could be invested in liquid cash-equivalent securities, including cash funds, and bank cash deposits, pending its return to shareholders.