REPUBLIC OF NAURU Nauru Phosphate Royalties Trust MEDIA RELEASE For Immediate Release 26 June, 2013 RONWAN distribution delayed The Minister responsible for the Nauru Phosphate Royalties Trust, Hon. Shadlog Bernicke MP in conjunction with the Chairman and Trustees of the Nauru Phosphate Royalties Trust, wish to advise all Ronwan beneficiaries of the delay in the proposed distribution of Ronwan 2007 that was scheduled for distribution prior to June 30, 2013. The Trust has encountered a number of issues associated with the proper allocation of royalty entitlements, as well as the completeness of the 2007 lands data that are currently subject to urgent review by the relevant Government departments. Upon completion of this review, a further announcement to beneficiaries concerning the distribution date will be made. The Minister wishes to convey his disappointment with the inability of the distribution to be effected by 30 June 2013 and wishes to ensure all beneficiaries that all measures are being taken to ensure that the delay is kept to a minimum. ENDS/// Distributed on behalf of the Nauru Phosphate Royalties Trust
Posted on: Wed, 26 Jun 2013 11:56:54 +0000
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