If you choose not to convert your shares for shares in NewCo then the Fund will exercise the right to compulsorily redeem your Shares. It is intended that the Redemption Price payable (i.e. NAV value) as a result of the compulsory redemption will be satisfied by way of a payment in kind.
Where Shares are not being converted because the offer is declined in accordance with the offer documents then assets of the Company – plantation lease contracts in Brazil and shares in Baltic Forest AB, a non-listed Swedish holding company owning the forest estates in Latvia – with a value equal to the redemption price will be transferred to the relevant investor in satisfaction of the payment in kind.
This compulsory redemption is necessary in order to allow the Restructure to be completed and for the Fund to be wound up.