TIDMCCSL

RNS Number : 6379A

Chenavari Capital Solutions Limited

30 September 2020

Chenavari Capital Solutions Limited (the "Company")

30 September 2020

Results of Extraordinary General Meeting

At the Extraordinary General Meeting of the Company held on 30 September 2020, the proposed resolution to change the base currency of the Company from Sterling to Euros was duly approved by Shareholders. Details of the proxy votes lodged are set out below:

 
         Ordinary Resolution                For       Against  Withheld 
 1 That the base currency of the 
  Company be changed from Sterling 
  to Euros with effect from 1 October 
  2020.                                   14,105,385  11,747    3,491 
                                        ------------  -------  --------

Delisting of Shares and Change of the Base Currency of the Company

Further to the announcement to Shareholders dated 28(th) August 2020, the admission of the Shares of the Company to trading on the Specialist Fund Segment of the London Stock Exchange will be cancelled with effect from 7.00 a.m. on 1 October 2020 and following the approval of the change to the base currency of the Company to Euros approved earlier today the Directors would like to confirm the following.

With effect from 1 October 2020, all future Net Asset Value ("NAV") calculations for the Company will be in Euros and the first NAV calculation in Euros will be on 31 December 2020 and quarterly thereafter. The Directors would also like to confirm that all future payments of capital to Shareholders will be made in Euros including any payment made using the NAV as at 30 September 2020 (which was calculated in Sterling). The Company will provide further details of the next capital payment in due course.

Enquiries:

Chenavari Investment Managers

Sophie Porter

Email: ccslir@chenavari.com

Telephone: +44 20 7259 3600

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September 30, 2020 10:00 ET (14:00 GMT)

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