As C shares are not allowed on the AIM, trading of the shares will only become possible if they are admitted on to the Special Funds Market.
The directors currently intend to take the opportunity before Admission to propose, as an ordinary resolution, that the company continue in existence. If the continuation resolution is passed, a further continuation resolution will be put to shareholders at an extraordinary general meeting in 2019 and every five years thereafter, the company said in a statement.
AOF expects to provide its shareholders an opportunity to realise all or part of their shareholding in the company, dependent however on the shareholder's approval and completion of the placing. A continuation vote that would give way to this is scheduled for 2019.
"Placing and admission will however be subject to market conditions," the company said, adding that it would announce further details later.
The investment company's decision to issue C Shares was explained in a statement released in January when AOF said it was "considering raising additional capital through an issue of C shares".
The company said this was "in response to demand from investors and in light of the continued attractive investment environment in
AOF's investment objective is to "earn capital growth and income through value, arbitrage, and special situations investments in the continent of
Most Popular Stories
- India Recognizes Transgender People as 'Third Gender'
- Grand Jury Seated in Rick Perry Ethics Case
- The 420 on the Hemp Products Giveaway
- Alfonso Wins Executive of the Year Award
- Study: Casual Marijuana Use May Cause Brain Changes
- Five Secrets for Keeping a Job
- U.S. Homebuilder Confidence Edged Up in April
- German Firm Starts Gas Deliveries to Ukraine
- U.S. Highway Fund Nearly Broke, Jeopardizing Jobs
- Miami Attorney Being Honored for Charity Work