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Global Specialised Opportunities 1 Limited – Compulsory Redemption
Hamilton, Bermuda – 21 May, 2014 - The Directors of Global Specialised Opportunities 1 Limited (the “Company”; Ticker: GLSPOPP.GU) announce details of a compulsory redemption of shares. A filing stated:
“The Directors of Global Specialised Opportunities 1 Limited (the “Company”) announce a compulsory redemption of 8,254.31 shares at a price of USD 1,090.34, being the latest reported net asset value per share as at 31 December 2013. The redemption amount of US$9,000,000 will be paid to shareholders on 30 May 2014. The redemption represents approximately 20% of the Company’s shares in issue prior to the redemption and brings the total amount returned to shareholders to approximately 60% on an original cost basis. The number of shares in issue post redemption is 33,623.10.”
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