Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (2767W)
10 December 2019 - 6:00PM
UK Regulatory
TIDMCCSL
RNS Number : 2767W
Chenavari Capital Solutions Limited
10 December 2019
Chenavari Capital Solutions Limited (the Company)
10 December 2019
Partial Compulsory Redemption of Shares
Following the redemption of 6,769,343 Redeemable Ordinary Shares
of No Par Value ("Ordinary Shares") at a rate of 85.68 pence per
Ordinary Share on 9 December 2019 (as previously announced on 26
November 2019), the Company now has 33,587,652 Ordinary Shares in
issue. With effect from today the Company's Ordinary Shares will
trade under the new ISIN number GG00BK96BH26.
On this basis, a holder of 10,000 Ordinary Shares will have
1,677 Ordinary Shares redeemed, and receive GBP1,436.85 in cash.
Approximately 16.77% 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 33,587,652 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 33,587,652.
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 17 December 2019.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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