05 September 2012
On 3 July 2012 the Board of Directors (the Board) of EEA Life Settlements Fund PCC Limited (the Fund) announced there will be a delay in the publication of the Fund's audited accounts for the financial year ended 31 December 2011, which were due to be filed within six months of the end of the relevant financial year.
The suspension of dealings in the shares of the Fund, announced on 30 November 2011, led to additional audit processes which, in turn, led to delays in finalising the financial statements.
The Board applied to the Market Authority to request an extension to the deadline which was not accepted.
The Board, following discussion with Ernst & Young LLP, the Fund's auditors, expects to file the accounts in the middle of October, and it expects to present to the Guernsey Financial Services Commission its final plans for lifting the suspension, as outlined in the letter from the Chairman dated 14 May 2012, as soon as practicable thereafter.
Further information will be provided as soon as possible.