Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (0675Y)
December 01 2017 - 1:01AM
UK Regulatory
TIDMCCSL
RNS Number : 0675Y
Chenavari Capital Solutions Limited
01 December 2017
Chenavari Capital Solutions Limited (the Company)
1 December 2017
Partial Compulsory Redemption of Shares
Following the redemption of 12,908,729 Redeemable Ordinary
Shares of No Par Value ("Ordinary Shares") at a rate of 92.96 pence
per Ordinary Share on 30 November 2017 (as previously announced on
15 November 2017), the Company now has 104,345,215 Ordinary Shares
in issue. With effect from today the Company's Ordinary Shares will
trade under the new ISIN number GG00BYQKQC52.
On this basis, a holder of 10,000 Ordinary Shares will have
1,100 Ordinary Shares redeemed, and receive GBP1,022.56 in cash.
Approximately 11% of the issued capital was redeemed.
In conformity with the FCA's Disclosure Guidance and
Transparency Rules (DTR 5.6.1), the Company notifies that the
Company's issued share capital consists of 104,345,215 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 104,345,215.
This figure 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
(DTR 5.1.2).
It is expected that the proceeds of the redemption will be paid
through CREST to holders of Shares in uncertificated form, and paid
by cheque to holders of Shares in certificated form, on 13 December
2017.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
Fidante Capital
Robert Peel, Corporate Broking
Email: rpeel@fidante.com
Telephone: +44 20 7832 0983
This information is provided by RNS
The company news service from the London Stock Exchange
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