LANYON INVESTMENT COMPANY LIMITED (ASX.LAN)

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

delisted by ASX under Listing Rule 17.12

we understand ASX removed the company from listing because its securities have been suspended from quotation for a continuous period of two years

ARC Funds Ltd is pleased to announce that the Company has now made the decision to launch ARC Emerging Managers as an unlisted unit trust, with the launch scheduled for late 2022 or early 2023. The Company previously announced that it had entered into an agreement to acquire the investment management rights in respect of LAN, with the intention being to repurpose LAN as the ARC Emerging Managers. ARC has decided that it is in the best interests of our shareholders and the prospective AEM investors, for AEM to be structured as an unlisted trust and not a LIC. ARC Investment Management Pty Ltd, an 85% owned subsidiary of ARC, will continue to hold the investment management rights of the proposed AEM.

In relation to the transaction with ARC Funds Limited, LAN has, in light of the current broader market conditions, made a decision to not to proceed with the capital raising at this time. As a result, given that LAN has been suspended from trading since 15 October 2020, ASX will remove LAN from the official list of the ASX on 17 October 2022. The company's AGM will be held on 29 November 2022, and the closing date for the receipt of nominations from persons wishing to be considered for election as a director is 23 September 2022.

The company lodges the following: Annual Report to shareholders, Corporate Governance Statement and Appendix 4G.

Lanyon Investment Company Limited has entered into an agreement with ARC Funds Limited in relation to the future of LAN. LAN called for proposals to be made by various potentially interested parties, and the Board of LAN has determined that the Agreement with ARC is superior to other proposals tendered by interested parties which also had the support of Lanyon Asset Management, the current investment manager of LAN.

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 March 2022 is as follows: Pre-Tax NTA $0.0387 per share; Post-Tax NTA $0.0387 per share.

The unaudited pretax NTA of Lanyon Investment Company Limited as at 28 February 2022 is as follows: Pre-Tax NTA $0.1391 per share, Post-Tax NTA $0.1391 per share.

The company lodges its Half Yearly Report and Accounts.

The company has received a number of proposals. The proposals received are generally reasonably comprehensive, but each of them is either confidential, or incomplete, or conditional to some extent. The Board is pleased with the responses and has commenced engagement with the relevant parties in order to clarify the terms of the proposals.

The unaudited pre-tax NTA of Lanyon Investment Company as at 31 January 2022 is as follows: Pre-Tax NTA $2.8025 per share and Post-Tax NTA $2.8025 per share.

The Company was unable to complete a recapitalisation as anticipated in October 2021. Whilst indicative commitments for the offer exceeded the minimum subscription, given the change in broader market conditions, the Company did not proceed with the capital raising. All application moneys were returned to shareholders. The Company has now sold the investment in Fremantle Octopus Group. This was the Company's last remaining investment. Sale proceeds were received on 2 February 2022. The sale price was $500,000 and represents a reasonable price for an illiquid holding, despite being at a discount to the carrying value. Proceeds from the sale will be used to settle trade liabilities and, in the absence of an alternative proposal emerging, surplus funds, if any, will be returned to shareholders through a capital return. After any final capital return is complete the board would commence an orderly wind up of the Company. The Company will have no outstanding liabilities and a modest net cash position. The Company has also substantially completed a prospectus for the offer of new securities to recapitalise the company which may be available to a new investment manager.

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 December 2021 is as follows: Pre-Tax NTA $2.9162 per share; Post-Tax NTA $2.9162 per share.

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 30 November 2021 is as follows: Pre-Tax NTA $3.1306 per share and Post-Tax NTA $3.1306 per share.

The company releases the Chairman's address to shareholders and the results of its meeting.

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 October 2021 is as follows: Pre-Tax NTA $3.2686 per share, Post-Tax NTA $3.2686 per share.

The company's AGM will be held at 10.30 a.m. (ACDT) on Monday 29 November 2021 at Piper Alderman, Level 16, 70 Franklin Street, Adelaide SA 5000.

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 30 September 2021 is as follows: Pre-Tax NTA $3.4473 per share; Post-Tax NTA $3.4473 per share.

The company releases a supplementary prospectus.

name changed from 8IP Emerging Companies Limited