Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (6595M)
01 May 2018 - 4:00PM
UK Regulatory
TIDMCCSL
RNS Number : 6595M
Chenavari Capital Solutions Limited
01 May 2018
Chenavari Capital Solutions Limited (the Company)
1 May 2018
Partial Compulsory Redemption of Shares
Following the redemption of 22,499,669 Redeemable Ordinary
Shares of No Par Value ("Ordinary Shares") at a rate of 88.89 pence
per Ordinary Share on 30 April 2018 (as previously announced on 16
April 2018), the Company now has 81,845,546 Ordinary Shares in
issue. With effect from today the Company's Ordinary Shares will
trade under the new ISIN number GG00BF4J9110.
On this basis, a holder of 10,000 Ordinary Shares will have
2,156 Ordinary Shares redeemed, and receive GBP1,916.47 in cash.
Approximately 21.6% of the issued share capital was redeemed.
In conformity with the FCA's Disclosure Guidance and
Transparency Rules (DTR 5.6.1), the Company notifies that the
Company's issued share capital now consists of 81,845,546 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 81,845,546.
This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in the
Company under the FCA's Disclosure Guidance and Transparency Rules
(DTR 5.1.2).
It is expected that the proceeds of the redemption will be paid
through CREST to holders of Ordinary Shares in uncertificated form,
and paid by cheque to holders of Ordinary Shares in certificated
form, on 15 May 2018.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
Fidante Capital
John Armstrong-Denby/Nick Donovan, Corporate Broking
Telephone: +44 20 7832 0900
This information is provided by RNS
The company news service from the London Stock Exchange
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