EEA Life Settlements Fund PCC Limited (the "Fund")
As was stated in the circular to shareholders dated 18 September 2013 (the
"Circular"), the Channel Islands Stock Exchange ("CISX") has previously
indicated that satisfactory audited accounts for 2012 had to be filed by no
later than 30 November 2013 in order for the listing of the Fund's shares on
the CISX to continue.
As you are aware, the 2012 audited accounts have been delayed as a result of
the delay in the 2011 accounts being finalised.
The CISX has now indicated that it will grant an extension to the deadline for
filing the 2012 audited accounts such that the CISX now requires satisfactory
2012 accounts to be filed by 16 December 2013.
The CISX has indicated that if the 2012 audited accounts are not filed by 16
December 2013, it will not grant a further extension and will effect a
cancellation of the listing of the Fund's shares with effect from 7am on
Tuesday 24 December 2013. Please therefore regard this announcement as notice
of a possible cancellation of the listing of the Fund's shares on the CISX
with effect from 7am on Tuesday 24 December 2013.
A further announcement will be made as soon as possible and in any event
before the possible cancellation date, to confirm whether or not satisfactory
audited accounts have been filed with the CISX and therefore whether the
listing can continue beyond 24 December 2013 or whether the listing will be
cancelled with effect from such date.
It is worth reiterating that the CISX has also previously advised (as was set
out in the Circular) that upon the restructuring proposal described in the
circular becoming effective, the CISX will de-list the Fund's shares, the Fund
will be required to apply to admit the Continuing Shares and the Run-Off
Shares to listing and trading on the Official List of the CISX and each
listing application will need to satisfy the applicable conditions for
listing. The necessary regulatory approvals to enable the Restructuring
Proposal to become effective are still being sought. Accordingly, we will make
a further announcement regarding this process in due course.