CQS Rig : RIG- possible liquidation

CQS Rig has been told by its largest shareholders, CQS (UK) LLP, CQS Asset Management Limited and CQS Cayman LP, that they would support a voluntary liquidation of the company. Together they hold 65.5% of the shares and a liquidation resolution would require 75% of those voting to vote in favour so it seems likely that the vote will go through. The Board is taking steps to convene an EGM. The last published NAV was 36.13p.

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