15th Jun 2020 13:52
Africa Opportunity Fund Ltd - closed-end investment company - Will return USD5.5 million to shareholder through mandatory redemption equivalent to 9.6 million share of 22% of net asset value. The redemption price will be USD0.5750 per share, equalling the NAV as at May 31. Director Robert Knapp owns 7.2 million shares, while director Myma Belo-Osagie owns 59,548. Following the redemption, they will hold around 5.7 million and 46,769 shares respectively.
Current share price: untraded at USD0.51
Year-to-date change: down 8.9%
By Anna Farley; [email protected]
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