RETAIL HOLDINGS NV ORD - RHDGF STOCK NEWS

Retail Holdings N.V., symbol RHDGF, announced on March 31, 2023, that its shareholders have approved the voluntary liquidation of the company, with approximately 98.75% voting in favor. Following this decision, the entire Board of Directors has resigned.

Ms. Ramona Alfred has been appointed as Liquidator and will work with Antillean Management Corporation N.V. as the Administrator. No distributions will be made to shareholders at this time, but the Liquidator may pay excess funds in the future. Financial information will be available on the company's website until June 30, 2023.

On February 27, 2023, Retail Holdings N.V. (RHDGF) announced a shareholders' meeting scheduled for March 31, 2023, to vote on a voluntary liquidation proposal. If approved, this would conclude a liquidation strategy initiated in 2015. Shareholders will receive a proxy statement and are urged to review it before voting. The liquidation, assuming acceptance, will allow a liquidator to manage the company’s assets and settle outstanding unclaimed distributions. To date, shareholders have received total distributions amounting to $38.86 per share. The company's 2022 financial statements and details on contingent liabilities are available on their website.

Retail Holdings N.V. (Symbol: RHDGF) has announced a change in its Pink Sheet classification due to the ongoing liquidation of the company. Following the divestment of its last operating business in December 2021 and subsequent liquidation of its holding companies, it will now provide simplified financial statements instead of audited ones. Consequently, the company's shares will transition from 'Pink Sheet Current' to 'Pink Sheet Limited'. The OTC Markets confirmed that this change will not affect the company's quote eligibility or share value. Shareholders are encouraged to refer to the 2022 Annual Report for more details.

Retail Holdings N.V. (RHDGF) announced its financial results for the year ending December 31, 2022, revealing a net loss of $439 thousand from discontinued operations. This represents a decline compared to an income of $334 thousand in the previous year. The loss attributable to shareholders increased to $373 thousand or $0.08 per share, compared to $259 thousand or $0.06 per share in 2021. The Company is progressing towards the liquidation of its parent entity, with unresolved issues still pending.

Retail Holdings N.V. (RHDGF) reported a loss of $186,000 for the six months ending June 30, 2022. This marks an increase from a $70,000 loss in the same period last year. The loss attributable to shareholders was $160,000, reflecting a loss per share of $0.03, slightly improving from $0.04 in 2021. Following the divestiture of its last operational entity in December 2021, the company is in liquidation, with plans to distribute $0.56 per share to shareholders on August 24, 2022. Future distributions may be limited due to contingent liabilities and ongoing costs associated with liquidation.

Retail Holdings N.V. (Symbol: RHDGF) announced a distribution of $0.56 per common share, set for payment on August 24, 2022. The record date for this distribution is August 22, 2022, with shares trading ex-distribution starting August 25, 2022. This distribution raises total payments to shareholders since the program's inception in 2007 to $38.86. The distribution will be funded from the company's existing cash balance. Tax characterization will be determined after the 2022 year-end accounts are closed.

Retail Holdings N.V. (RHDGF) confirmed its liquidation timetable alongside its financial results for 2021. The Company reported consolidated revenue of $487 thousand, up from $327 thousand in 2020, with a similar gross profit. Salary and administrative expenses decreased significantly to $1,024 thousand from $1,665 thousand, resulting in a reduced operating loss of $504 thousand. The total net loss after tax was $169 thousand, an improvement from a $1,282 thousand loss in the previous year. The company anticipates liquidation completion by June 30, 2023, estimating a final distribution above $0.50 per Share.

Retail Holdings N.V. (Symbol: RHDGF) announced its plan for liquidation following the sale of its affiliate, Retail Holdings (India) BV, at the end of 2021. The company currently holds four dormant entities and aims to liquidate them within 15 months. During this time, it will work to monetize remaining financial assets and address contingent risks related to unclaimed distributions for foreign shareholders. The Board has deferred further distributions until the liquidation progresses, estimating a final distribution of approximately $0.50 per share, likely in early 2023, though risks may impact this estimate.