BCAP Better Capital Pcc Limited

TIDMBCAP TIDMBC12

RNS Number : 3894E

Better Capital PCC Limited

05 May 2017

Better Capital PCC Limited 2009 Cell

5 May 2017

Gardner Aerospace Holdings Limited

Further to the Company's announcements on 16 November 2016 and 11 April 2017, the Board of Better Capital PCC Limited (the "Company") was today informed by the general partner to BECAP Fund LP (the "2009 Fund") that following an extraordinary general meeting held by Shaanxi Ligeance Mineral Resources Co., Ltd. ("SLMR") on 3 May 2017, its shareholders voted to approve the transaction for SLMR's wholly owned subsidiary Ligeance Investments Limited to acquire Gardner Aerospace Holdings Limited ("Gardner"). The General Partner of the 2009 Fund is pleased to confirm that there are no remaining substantial conditions attached to the proposed sale of Gardner.

It is still the expectation that completion will occur in late May or early June 2017 with proceeds net of costs, including transaction expenses and carried interest estimated to be close to 105 pence per share. The last reported NAV for the 2009 Cell (30 September 2016) was 116.08 pence per share.

The Company will make a further announcement in due course.

Enquiries:

Better Capital PCC Limited +44 (0) 1481 716 000

Laurence McNairn (Administrator and Company Secretary)

Better Capital LLP +44 (0) 20 7440 0840

Bonnie Kraus (Investor Relations)

Powerscourt +44 (0) 20 7250 1446

Justin Griffiths

Numis Securities +44 (0) 20 7260 1426

Nathan Brown

This information is provided by RNS

The company news service from the London Stock Exchange

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May 05, 2017 12:21 ET (16:21 GMT)

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