Blake Nixon was one of the pioneers of activism in the UK and has wide corporate experience in the UK and overseas. However, the Investment Manager continues to work closely with the Board on all aspects of the strategy for the Company.
This is a large source of volatility in net income. Farrell appointed Interim Chairman with effect as of 28 December S. Legislation in Guernsey governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The Board believes that the Group has sufficient funds available to meet its wind-down costs and day-to-day running costs. This provides the Board with a clear basis to evaluate future options whilst ensuring the Company is able to operate during the current period of uncertainty. Such purchases will also only be made in accordance with the rules of the UK Listing Authority which sets a cap on the price the Company can pay.
Consequently, our non-GAAP financial measures may not be comparable to similar measures used by other companies. Blake Nixon was one of the pioneers of activism in the UK and has wide corporate experience in the UK and overseas. GAAP measures.
Going Concern The discount control provisions established when the Company was launched required a continuation vote to be proposed to shareholders at the Company's Annual General Meeting "AGM" in Investment Objective and Investment Policy The investment objective and investment policy of the Company are as described Investment Objective and Investment Policy section. Gavin holds a number of directorships in investment and captive insurance companies.
Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law. The Board believes that the Group has sufficient funds available to meet its wind-down costs and day-to-day running costs. He has 30 years of experience in the Financial Services Industry and is resident in Guernsey. The Company has made timely returns of capital to shareholders whilst balancing the need to maximise the value from the Company's investments and to provide for sufficient working capital.
Directors The Directors who held office during the year and up to the date of this report were: C.
In the event, the Board will continue to pursue the wind down strategy unless shareholders agree to an alternative investment policy.
He joined Northern Trust in working in Fund Administration and Trust client accounting before being appointed Head of Finance for the office in where he established a Risk Management Department. Forward-looking and cautionary statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of Directors' Responsibilities The Directors are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations.
The Board recognises that the timely disposal of the remaining property is uncertain and continues to keep under review the most appropriate course of action with regard to this asset over the coming months with the aim of maximising shareholder return. Monier retired on 28 December S. However, the Investment Manager continues to work closely with the Board on all aspects of the strategy for the Company. He is responsible for the investment process and the performance for private clients' portfolios.