Professional Adviser

Show login options

Sign in as a registered user| Sign out

Life Offices Opportunities Trust plc


Final Distribution July 2009

The liquidator of LOOT has announced that they are now in a position to conclude the liquidation of LOOT and that a final meeting will be held on 10 July 2009.

The Company was put into liquidation following the passing of a resolution to voluntarily wind up the Company on 15 October 2008. The liquidators made the first interim distribution of £1.6633 per share in October 2008. They are now able to make a final distribution from the liquidation. Currently the estimated amount is £0.0139. The final amount will be notified to shareholders with the final distribution cheque that should be despatched in July 2009. Cheques received should be presented for payment within six months of receipt as otherwise the money will be lodged with the Accountant of Court.

For tax purposes, this distribution is deemed to be a return of capital and may have capital gains consequences for you depending on your personal circumstances. You must seek your own independent advice on this matter is you have any questions on this as we are unable to advise you.

The payment of this distribution will conclude the liquidation as far as shareholders are concerned.

If you were an investor in LOOT through the SVM Investment Trust Savings Scheme as at 15 October 2008 then you will receive a letter from SVM on this. If you have not given SVM any instructions on what to do with LOOT distributions that have been received for you to date and you do not hold any other investments with us then we may close your account and return the balance to you after deduction of the exit charge. If you have withdrawn all cash held on your SVM account then a cheque for the final distribution will be forwarded to you shortly.

An EGM was convened on 15 October 2008 and shareholders voted to approve the voluntary winding up of the company. The trust is no longer available for investment. For further information contact 0800 0199 110.

Please note that if you invested in LOOT thorough our Savings Scheme then you must advise us in writing of what you want to do with the proceeds we hold for you. If you would like to discuss the options available please call us on 0800 0199 110.


indicates general review information

Stock analysis and commentary

Full details as at 30 June 2008


Fund Fact Sheet

PDF Document icon

Latest Fact Sheet (July 2008)

Download PDF (will open in a new window)

(Details as at 30 June 2008)


Colin McLean image Life Offices Opportunities Trust - Colin McLean

Colin has over 30 years' investment experience and is widely regarded as one of the UK’s top stockpicking analysts, his successful track-record includes 16 years running long/short portfolios. Prior to establishing SVM Asset Management in 1990, he held senior positions with three major financial institutions. He was Head of Investment of two UK life assurers, FS Assurance and Scottish Provident, before being Managing Director of Templeton International’s European operations. His sector responsibilities include UK banks, insurance and mining.

> Meet the rest of the team

Donald Robertson image Life Offices Opportunities Trust Fund Manager (Deputy) - Donald Robertson

Donald is a qualified accountant with in excess of 20 years' investment and financial experience. Prior to co-founding SVM, he worked at Ivory & Sime, one of the largest independent fund management companies. His fund management responsibilities include investment trusts, derivatives/structured products and speciality finance.

> Meet the rest of the team

News releases

PDF Document icon

16 June 2009

Life Offices Opportunity Trust - Liquidation
Ernst & Young


Reports

PDF Document icon

Interim Report

30 June 2008

PDF Document icon

Annual Report

31 December 2007

PDF Document icon

Interim Report

30 June 2007



SVM Asset Management Limited is registered in Scotland (Number 125817) with its registered office at 7 Castle Street, Edinburgh EH2 3AH United Kingdom and is authorised and regulated by the Financial Services Authority. The information contained in this website has been issued and approved by SVM Asset Management Limited. The information on this website is directed only to eligible investors. Please satisfy yourself that you are eligible to make such investments before accessing this information.

We draw your attention to the Important Legal and Regulatory Information page which you will be deemed to have read and understood if you proceed to access information on this website.


© 2010 SVM Asset Management.