Warner Estate said it would convene an extraordinary general meeting to discuss ramping up its recovery plans, after its net asset value (NAV) fell below half of its called-up share capital.
The meeting will follow the annual general meeting on 18 September.
The company’s NAV was dragged down by falls in value of its holdings in the Ashtenne Indusrial Fund and the Apia Regional Office Fund, Warner said, adding that it remained in discussions with lenders about its debts.
The Independent 15/08/09 page 48
