Following the delistings the fund has breached a 10 per cent limit on exposure to unquoted securities
for the third time.
The assets under fund management include Sh125.91 billion of NSSF funds, majorly in immovable property, quoted equities, cash and demand deposits, fixed deposits, and unquoted securities
TIIB has significant asset exposure, including real estate investments and unquoted securities
in the GCC, mainly in Saudi Arabia and the UAE.
Albion Venture Capital Trust has a portfolio of investments in unquoted securities
.Country: UKSector: Banking/Financial ServicesType: MergerFinancing: All-stockStatus: Agreed
* Unquoted securities
where the taxpayer has a controlling interest in the unquoted trading company.
She said Ofex was particularly suitable for companies needing independent valuation or trading facility and for those requiring: an employee share scheme; incentives for new executives; tax benefits of unquoted securities
; paper-based acquisitions or trade sale
TIIB has significant asset exposure, including unquoted securities
and real estate investments in the GCC, and these have been impacted by the downturn.
As a share trading platform for unlisted and unquoted securities
, OFEX is an important market for West Midlands companies.
Best believes investment performance is likely to remain subdued in 2009 due to Leadway's significant equity investment, which includes approximately NGN 3 billion ($20.2 million) holdings in unquoted securities
. Leadway's overall loss ratio increased to 56 per cent, up from 44 per cent in 2007, following unusually large claims experienced in 2008, particularly on its fire business, which experienced a 172 per cent loss ratio.
Many are, quite wisely in the majority of cases, turning to alternative funding options such as OFEX, the trading facility for unlisted and unquoted securities
, or AIM, the Alternative Investment Market.
The Paris and London-based restaurant and bar chain Cafe Pacifico and La Perla Bars is set to raise pounds 1.5 million of capital via Ofex, the trading facility for unlisted and unquoted securities
, to fund a major expansion programme across the UK.