GOLDMAN SACHS DYNAMIC OPPORTUNITIES LIMITED - Annual Information Update
February 28 2014 - 10:49AM
PR Newswire (US)
GOLDMAN SACHS DYNAMIC OPPORTUNITIES LIMITED
(IN VOLUNTARY LIQUIDATION) (THE "COMPANY")
Main Portfolio
2011 Redemption Portfolio
2010 Redemption Portfolio
At a general meeting of the Company held on 31 December 2012, shareholders
passed the proposals to wind-up the Company and Ashley Paxton and Linda Johnson
of KPMG Channel Islands Limited were appointed Joint Liquidators.
Main Portfolio
On 15 July 2013, the Joint Liquidators made a third redemption payment to Main
Portfolio Shareholders. Following this payment, cumulative liquidation
distribution payments represent approximately 96 percent of the NAV of the Main
Portfolio GBP and US$ Shares as at 31 March 2012.
The following table summarises the distributions made to date from this
portfolio:
GBP Shares: Date Settled Amount paid Cumulative proportion of 31
March 2012 NAV returned
(USD per share)
08-Jun-12 1.6708 50%
10-Dec-12 1.6699 86%
15-Jul-13 1.5768 96%
USD Shares: Date Settled Amount paid Cumulative proportion of 31
March 2012 NAV returned
(USD per share)
08-Jun-12 2.0243 50%
10-Dec-12 2.0232 86%
15-Jul-13 1.8994 96%
2011 Redemption Portfolio
On 15 July 2013, the Joint Liquidators made a second redemption payment to 2011
Redemption Portfolio Shareholders. Following this payment, cumulative
liquidation distribution payments represent approximately 95 percent of the NAV
of the 2011 Redemption Portfolio EUR and US$ Shares as at 30 September 2011.
The following table summarises the distributions made to date from this
portfolio:
EUR Shares: Date Settled Amount paid Cumulative proportion of 30
September 2011 NAV returned
(EURper share)
18-Nov-11 1.4008 91%
15-Jul-13 1.1233 95%
USD Shares: Date Settled Amount paid Cumulative proportion of 30
September 2011 NAV returned
(USD per share)
18-Nov-11 1.9734 91%
15-Jul-13 1.4923 95%
2010 Redemption Portfolio
On 15 July 2013, the Joint Liquidators made a third redemption payment to 2010
Redemption Portfolio Shareholders. Following this payment, cumulative
liquidation distribution payments represent approximately 97 percent of the NAV
of the 2010 Redemption Portfolio EUR and US$ Shares as at 30 September 2010.
The following table summarises the distributions made to date from this
portfolio:
EUR Shares: Date Settled Amount paid Cumulative proportion of 30
September 2010 NAV returned
(EUR per share)
18-Nov-10 1.4386 82%
18-Nov-11 1.5120 93%
15-Jul-13 1.2759 97%
USD Shares: Date Settled Amount paid Cumulative proportion of 30
September 2010 NAV returned
(USD per share)
18-Nov-10 2.0245 82%
18-Nov-11 2.1312 93%
15-Jul-13 1.6952 97%
Main Portfolio
2011 Redemption Portfolio
2010 Redemption Portfolio
(together, the "Portfolios")
The remaining assets of the Portfolios are held predominantly in cash. The
Joint Liquidators expect to realise the remaining non-cash assets in the second
quarter of 2014. If the Joint Liquidators are successful in these realisations,
they intend to announce final redemption payments to shareholders in the
Portfolios shortly thereafter.
Further, the Joint Liquidators announce that an Annual General Meeting of the
Company will be held on 27 March 2014. Documentation related to the meeting
will be circulated in due course.
Enquiries:
The Liquidators
Ashley Paxton and Linda Johnson
20 New Street
St Peter Port
Guernsey
GY1 4AN
Tel: 01481 721000
Fax: 01481 722373
restructuring@kpmg.guernsey.gg
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