Better Capital PCC Limited Distribution of Capital (9764C)
21 April 2017 - 6:33PM
UK Regulatory
TIDMBCAP TIDMBC12
RNS Number : 9764C
Better Capital PCC Limited
21 April 2017
21 April 2017 Better Capital PCC Limited 2012 Cell
Distribution of Capital
Further to Better Capital PCC Limited's (the "Company")
announcement on 30 March 2017 following the disposal of the debt
instruments in BECAP Jaeger (UK) Limited ("Jaeger"), the General
Partner of BECAP12 Fund LP has authorised a GBP8.3 million
repayment to the Company's 2012 Cell. Having considered the working
capital requirements of the 2012 Cell, the directors of the Company
today announced a third distribution of capital of 2.6 pence per
ordinary share to the 2012 Shareholders. In line with the previous
distributions, this distribution of GBP8.3 million will be treated
by the Company as a reduction of share capital paid out of monies
attributed to the "share capital account".
The three capital distributions (reductions of share capital)
announced to date for the 2012 Cell total GBP48.4 million, c. 13.6
per cent. of funds raised.
Details of the distribution are as follows:
-- Ex-date 4 May 2017
-- Record date 5 May 2017
-- Payment date 12 May 2017
Enquiries:
Better Capital PCC Limited +44 (0) 1481 716 000
Laurence McNairn (Administrator and Company Secretary)
Better Capital LLP +44 (0) 20 7440 0840
Bonnie Kraus (Investor Relations)
Powerscourt +44 (0) 20 7250 1446
Justin Griffiths
Numis Securities +44 (0) 20 7260 1426
Nathan Brown
This information is provided by RNS
The company news service from the London Stock Exchange
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