Loudwater Trust Limited RETURN OF CAPITAL - B SHARE ISSUE (5053K)
22 August 2012 - 4:01PM
UK Regulatory
TIDMLWT
RNS Number : 5053K
Loudwater Trust Limited
22 August 2012
22 August 2012
LOUDWATER TRUST LIMITED
("LOUDWATER" OR "THE COMPANY")
RETURN OF CAPITAL - B SHARE ISSUE
Loudwater Trust Limited, the closed-ended investment company, is
pleased to announce that following the sale of the Company's shares
in AgraQuest, Inc, the Board of Directors have approved a return of
GBP23.49 million of capital to shareholders, equating to 39 pence
per share.
The capital will be returned by way of a bonus issue of B shares
to shareholders pro rata to shareholders' existing holdings of
ordinary shares in the capital of the Company. The B shares will be
issued to shareholders on the Company's register on the record date
of 31 August 2012 and will have an ex-date of 29 August 2012.
Following their issue, the Directors are expected to consider
the redemption of the issued B shares on or around 5 September
2012. A subsequent announcement will then be released confirming
the decision of the Board.
The Company's investing policy is to return the cash proceeds of
all realisations to investors, subject to the retention of
sufficient cash for follow-on investments in existing portfolio
companies where the Investment Adviser believes further funding is
required.
-ends-
For further information
Loudwater Investment
Partners Limited
Charles Somerset +44 (0)20 3372 6400
Panmure Gordon (UK) Limited
Andrew Potts +44 (0)20 7459 3600
Note
http://www.loudwatertrust.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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