2nd Oct 2018 11:51
LONDON (Alliance News) - Global Resources Investment Trust PLC on Friday said that it is urgently considering options for the future of the company including sale and voluntary liquidation after posting a widened interim loss.
For the six months to June 30, the company's loss per ordinary share was 9.24 pence compared to 1.62p a year prior.
At June 30, the company's net asset value stood at 10.4 pence per share, down 47% from 19.7p at the end of December.
Looking ahead, after describing the half-year as "difficult and disappointing" Chairman Simon Farrell said that a sale or liquidation "would see the assets of the company realised and the proceeds distributed to shareholders", as he confirmed that those options are "on the table".
On Tuesday, shares in the company were untraded at 4.0p, after falling 16% on Friday.
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