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2003-08-18 RTG-001
RT Group PLC

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Letter from the Joint Liquidators of RT Group PLC


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RT Group PLC



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RT Group PLC

Letter from the Joint Liquidators of RT Group PLC
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_______________________________________________________________


date
18 August 2003
source RT Group PLC
type Letter



Dear Shareholder,

On 10 January 2003, the Joint Liquidators made a first distribution to the Company’s shareholders of 200 pence per share. In our letter relating to that distribution we stated that the amount and timing of further distributions depended on the outcome of the realisation of the Company’s remaining assets, the agreement or determination of any outstanding claims against the Company (including in relation to tax), and the position in relation to any litigation in which the Company might become involved. Following the first distribution made to shareholders on 10 January 2003, the Joint Liquidators are pleased to report that the voluntary liquidation is proceeding in line with our expectations. Accordingly, we are now in a position to make a second distribution of 43 pence per share to those shareholders who appeared on the Company’s share register on 1 August 2003.

The Joint Liquidators made the first distribution of 200 pence per share in January 2003 with an expectation of being able to return to shareholders between 252 and 260 pence per share in total. Following this second distribution, the Joint Liquidators will have distributed a total of 243 pence per share in the liquidation. Subject to the Company’s remaining assets being realised as expected, no further liabilities arising, existing liabilities remaining within expectation, and the Company not becoming involved in extensive litigation, we would expect to return to shareholders the bulk of the Company’s remaining assets (after the second distribution referred to in this letter has been made) by the end of 2003. …

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Railhub Archive ::: 2003-08-18 RTG-001





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