Business
Circ re. Extraordinary General Meeting
Circ re. Extraordinary General Meeting.
About this update from Aurrigo International Plc
[{"type":"text","content":"\n \nRNS Number : 4413O Aurora Russia Limited 08 February 2016 \n\n8 February 2016\n \nAurora Russia Limited (the \"Company\")\n \nExtraordinary General Meeting and Voluntary Liquidation\n \nThe Company announced on 22 December 2015 that it had entered into sale arrangements relating to its one residual investment, a minority interest in OJSC Unistream Commercial Bank (\"Unistream\"). In that same announcement the Board advised that they intended as soon as reasonably practicable following completion of the sale of Unistream to convene an extraordinary general meeting (the \"EGM\") to consider proposals to include, inter alia, measures to facilitate the distribution to Shareholders of substantially all of the Company's net realised cash, in a cost effective, tax efficient and timely manner. The Company then announced on 29 December 2015 that the proceeds of USD 4.975 million had been received and that completion of the sale of Unistream had occurred. The Board now intends to effect the distribution of cash by procuring that the Company's shareholders vote the Company into a members' voluntary liquidation (the \"Liquidation\").\n \nThe Company therefore announces that the Board has today convened an EGM of shareholders to consider proposals for an ex gratia payment to the Company's chairman, to cancel its admission to trading on AIM, to vote the Company into members' voluntary liquidation and thereafter to return available cash to shareholders. \n \nA circular convening the EGM, containing full details of the proposals and setting out the timetable for the return of capital has today been published, such EGM to be held on 9 March 2016 to consider such proposals. \n \nThe text of the Expected Timetable and Chairman's letter extracted from the circular and containing a recommendation from the Board that shareholders vote in favour of the proposals is set out below.\n \nExpected Timetable:\n \n\n\n\n\nLatest time and date for receipt of Proxy Appointments for the Extraordinary General Meeting\n \n\n\n11:00 a.m. on 7th March 2016\n\n\n\n\n \n\n\n \n\n\n\n\nClosing of the Company's register and Record Date for participation in liquidation distributions\n \n\n\n6:00 p.m. on 8th March 2016\n\n\n\n\nSuspension of the listing of the Shares\n \n\...