EF Realisation Company Limited Compulsory Redemption Update (9607Q)
18 September 2017 - 4:00PM
UK Regulatory
TIDMEFR
RNS Number : 9607Q
EF Realisation Company Limited
18 September 2017
18 September 2017
EF Realisation Company Limited
Compulsory Redemption Update
EF Realisation Company Limited (the "Company") announces that,
in connection with the first capital distribution for the Company's
shares (the "Shares"), announced on 4 September 2017, the Company
has compulsorily redeemed 7,496,024 Shares at a price of 40.07
pence per share (the "Redemption"). This GBP3.0 million return of
capital, equivalent to 5.7p per share, was implemented pursuant to
the Company's Compulsory Redemption Mechanism, such that one in
every seven Shares was redeemed, for cancellation, on a pro rata
basis. Fractions of Shares produced by the applicable redemption
ratios have not been redeemed and so the number of Shares redeemed
in respect of each shareholder has been rounded down to the nearest
whole number of Shares.
Payments of redemption monies are expected to be effected either
through CREST (in the case of Shares held in uncertificated form)
or by cheque (in the case of Shares held in certificated form) by
29 September 2017.
Following the Redemption the Company has 44,977,609 Shares in
issue.
The new ISIN number GG00BF243Y95, in respect of the remaining
Shares which have not been redeemed, will be enabled and available
for transactions from 8.00 a.m. on 18 September 2017.
The above figure 44,977,609 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.
Unless otherwise defined, capitalised words and phrases in this
announcement shall have the meaning given to them in the prospectus
published by the Company on 22 August 2016.
Enquiries:
BNP Paribas
Sarah Hendry, Company
Secretary 01481 750 822
Winterflood Investment
Trusts
Neil Langford
Chris Mills 020 3100 0000
Ecofin Limited
John Murray
Elspeth Dick 020 7451 2929
This information is provided by RNS
The company news service from the London Stock Exchange
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