Damille Investments II Limited Compulsory Redemption of Shares (6570W)
11 February 2017 - 3:32AM
UK Regulatory
TIDMDIL2
RNS Number : 6570W
Damille Investments II Limited
10 February 2017
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
10 February, 2017
COMPULSORY REDEMPTION OF SHARES
The Company advises that it will return to Shareholders by way
of a compulsory partial redemption of Shares a further amount of
approximately GBP5.08 million, representing approximately 15 per
cent. of the Company's issued share capital (the "Redemption") as
at close of business on Wednesday, 15 February, 2017 (the
"Redemption Date").
Shares will be redeemed as at the Redemption Date. The
redemption price will be GBP1.3154, which includes a deduction to
cover the costs of the Redemption of 1% from the unaudited
estimated net asset value per Share as at Tuesday, 31 January, 2017
announced on Tuesday, 7 February, 2017.
The Redemption will be effected pro rata to the holdings of
Shares on the register at the close of business on the Redemption
Date (which is the record date for the purposes of the Redemption),
being Wednesday, 15 February, 2017. No fractions of Shares will be
redeemed and the number of Shares to be redeemed for each
Shareholder will be rounded up to the nearest whole number of
Shares as appropriate.
All of the Shares redeemed on the Redemption Date will be
cancelled.
All proceeds of the Redemption will be paid in pounds Sterling
on or around Tuesday, 21 February, 2017.
All Shareholders will be sent their redemption proceeds by
cheque posted to the registered address of the first named holder
at each recipient's own risk.
Shareholders who wish to receive their redemption proceeds by
electronic bank transfer must send a payment request to the
Registrar, Anson Registrars Limited, PO Box 426, Anson House,
Havilland Street, St Peter Port, Guernsey GY1 3WX. Such request
should at a minimum specify the full bank account details of the
account to which the redemption proceeds are to be paid and such
bank account must be in the name of the registered holder(s). If a
Shareholder does elect to request electronic bank transfer of their
redemption proceeds, all bank payment charges will be for the
account of the payee. The payment request must be sent to Anson
Registrars Limited by close of business on Friday, 17 February,
2017 in order to receive proceeds by electronic bank transfer.
The Shares will all be disabled in CREST after close of business
on the Redemption Date and the existing ISIN number GG00BDFF8F11
(the "Old ISIN") will expire.
The new ISIN number GG00BDFC1W06 (the "New ISIN") in respect of
the remaining Shares which have not been redeemed will be enabled
and available for transactions from and including Thursday, 16
February, 2017. Up to and including the Redemption Date, Shares
will be traded under the Old ISIN and as such, a purchaser of such
Shares would have a market claim for a proportion of the redemption
proceeds. CREST will automatically transform any open transactions
as at the Redemption Date into the New ISIN.
Expected timetable:
Record Date, Redemption (close of business)
Date, expiry of old 15 February, 2017
ISIN number.
------------------------- ---------------------
New ISIN enabled, Crest 16 February, 2017
Accounts credited.
------------------------- ---------------------
Redemption monies paid 21 February, 2017
(on or around)
------------------------- ---------------------
For further information contact:
Administrative Enquiries: Shareholder Enquiries:
JTC Fund Solutions (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
E&OE - In Transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 10, 2017 11:32 ET (16:32 GMT)
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