Damille Investments II Limited Sale & Redemption of Shares & TVR (9838R)
15 December 2016 - 11:36PM
UK Regulatory
TIDMDIL2
RNS Number : 9838R
Damille Investments II Limited
15 December 2016
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
15 December, 2016
Sale of Ordinary Shares out of treasury, Compulsory Redemption
of Shares and Total Voting Rights
As announced today, the Company sold out of treasury on 14
December, 2016 230,032 Ordinary Shares of no par value ("Ordinary
Shares") to Damille Partners Limited ("Damille") in settlement of
the performance fees payable to Damille.
Under the Services Agreement with Damille and the Corporate and
Shareholder Advisory Agreement between the Company and Nimrod
Capital LLP ("Nimrod") the Company also sold out of treasury to
Nimrod 40,593 Ordinary Shares at a price of GBP1.2112, being the
prevailing net asset value of an Ordinary Share as at 30 November,
2016.
As announced on 9 December, 2016, the Board of directors of the
Company resolved on that date to redeem approximately 17% of the
Ordinary Shares in issue as at close of business on 14 December,
2016. Accordingly, 5,199,671 Ordinary Shares were redeemed on 14
December, 2016 and have now been cancelled. The redemption proceeds
due on the redemptions of these Ordinary Shares will be paid in
pounds Sterling on or around 20 December, 2016.
Following these sales of Ordinary Shares out of treasury and the
subsequent compulsory redemptions of Ordinary Shares, those
Ordinary Shares not being redeemed have been re-issued under the
new ISIN GG00BDFF8F11 and are available for transactions from and
including today.
The total number of Ordinary Shares in issue is now 28,478,919,
of which 3,092,096 Ordinary Shares are held in treasury. Therefore,
the number of Ordinary Shares with voting rights attached now in
issue is 25,386,823 and this is the figure which should 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.
By order of the Board
Damille Investments II Limited
Administrative Enquiries: Shareholder Enquiries:
JTC (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
fundservicesgsy@jtcgroup.com info@nimrodcapital.com
END OF ANNOUNCEMENT
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