Damille Investments II Limited Sale & Redemption of Shares & TVR (4336J)
September 09 2016 - 6:09AM
UK Regulatory
TIDMDIL2
RNS Number : 4336J
Damille Investments II Limited
09 September 2016
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
9 September 2016
Sale of Ordinary Shares out of treasury, Compulsory Redemption
of Shares and Total Voting Rights
As announced today, the Company sold out of treasury on 8
September, 2016 384,247 Ordinary Shares of no par value ("Ordinary
Shares") to Damille Partners Limited ("Damille") in settlement of
the performance fees payable to Damille.
Under the Services Agreement with Damille and the Corporate and
Shareholder Advisory Agreement between the Company and Nimrod
Capital LLP ("Nimrod") the Company also sold out of treasury to
Nimrod 59,074 Ordinary Shares at a price of GBP1.1204, being the
prevailing net asset value of an Ordinary Share as at 31 August,
2016.
As announced on 5 September, 2016, the Board of directors of the
Company resolved on that date to redeem approximately 25% of the
Ordinary Shares in issue as at close of business on 8 September
2016. Accordingly, 11,802,243 Ordinary Shares were redeemed on 8
September, 2016 and have now been cancelled. The redemption
proceeds due on the redemptions of these Ordinary Shares will be
paid in pounds Sterling on or around 14 September, 2016.
Following these sales of Ordinary Shares out of treasury and the
subsequent compulsory redemptions of Ordinary Shares, those
Ordinary Shares not being redeemed have been re-issued under the
new ISIN GG00BZ97R277 and are available for transactions from and
including today.
The total number of Ordinary Shares in issue is now 39,353,479,
of which 3,946,678 Ordinary Shares are held in treasury. Therefore,
the number of Ordinary Shares with voting rights attached now in
issue is 35,406,801 and this is the figure which should 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 and Transparency Rules.
By order of the Board
Damille Investments II Limited
Administrative Enquiries: Shareholder Enquiries:
JTC (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
fundservicesgsy@jtcgroup.com info@nimrodcapital.com
END OF ANNOUNCEMENT
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