MDS Midas Cap.

 

TIDMMDS 
 
RNS Number : 6792E 
Midas Capital PLC 
23 December 2009 
 

 
 
REPAYMENT OF PREFERENCE SHARES 
 
 
Midas Capital plc ('Midas'), the AIM quoted company encompassing fund management 
and wealth management, announces that it has today repaid GBP2,438,177 of 
cumulative redeemable Preference shares held by Bank of Scotland plc. Following 
the repayment there remain GBP11,561,823 of cumulative redeemable Preference 
shares in existence. 
 
 
The repayment has been made from cash resources generated by the sale of Intelli 
Corporate Finance and from surplus working capital generated by the business. 
 
 
RELATED PARTY TRANSACTION 
 
 
Bank of Scotland plc is a substantial shareholder of the Company (as defined in 
the AIM Rules). The repayment of the redeemable Preference shares held by it is 
therefore classified as a transaction with a related party for the purposes of 
the AIM Rules. In accordance, therefore, with the AIM Rules, the directors of 
the Company, having consulted with the Company's nominated adviser, Arbuthnot 
Securities Limited, consider that the terms of the transaction are fair and 
reasonable insofar as the Company's shareholders are concerned. 
 
 
 
 
For further information, please contact: 
 
 
Colin Rutherford, Executive Chairman, Midas     07768 053 054 
Roland Cross, Broadgate Mainland020 7726 6111 
Richard Vaughan/Matt Stoate, Kinmont     020 7087 9100 
(Financial Advisor to Midas) 
James Steel, Arbuthnot Securities Limited     020 7012 2000 
(Nominated Advisor and Broker to Midas) 
 
 
Web: www.midascapitalplc.com 
 
 
Kinmont Limited, which is authorised and regulated in the United Kingdom by the 
Financial Services Authority, is acting as financial advisor to the Company in 
relation to the matters referred to in this announcement and no one else and 
will not be responsible to any other person for providing the protections 
afforded to clients of Kinmont or for providing advice in relation to the 
matters referred to in this announcement. 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUOSNRKORUUAA 
 

Midas Capital (LSE:MDS)
Historical Stock Chart
From Dec 2024 to Jan 2025

Midas Capital (LSE:MDS)
Historical Stock Chart
From Jan 2024 to Jan 2025