News blog
XL TechGroup Inc
- BY: Andrew Hore |
- POSTED: 29/08/2008 |
Shareholders in XL TechGroup have agreed to its restructuring.
The technology developer and investor has transferred its main assets to its major creditor.
XL shareholders still have the right to receive 15% of proceeds received from the sale of these assets, plus the any dividend or other distribution made by those assets, after approximately $104.2m in outstanding debt and any other investment has been repaid.
The Aim quotation will be cancelled on 8 September.
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