2nd Nov 2016 11:12
Alternative Asset Opportunities PCC Limited
(the "Company")
2 November 2016
Shareholder Update
The Board advises that as at the close of business on 28 October 2016, a further 24 policies had been fully transferred to the purchaser, Vida Longevity L.P and aggregate funds of US$14.3 million had been received. Funds received include the refund of associated premium payments made since the risk transfer date of 12 September to keep the policies valid and in effect. There are 53 policies remaining in the transfer process and transfer completions are expected to take place in batches on a weekly basis.
In accordance with the Board's cash policy, US$15 million has today been converted into Sterling.
Enquiries:
Tracey Lago
Company Secretary Tel: 020 3246 7405
Related Shares:
TLI.L