Pantheon International PLC Publication of Circular and Shareholder Meetings (9635S)
October 06 2017 - 6:43AM
UK Regulatory
TIDMPIN
RNS Number : 9635S
Pantheon International PLC
06 October 2017
No securities of the Company referred to in this announcement
have been or will be registered under the United States Securities
Act of 1933 or the state securities laws of the United States and
none of them are being, nor may they be, offered or sold in the
United States.
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
Pantheon International Plc ("PIP" or the "Company")
6 October 2017
Publication of Circular and Shareholder Meetings
Further to its announcement of 28 September 2017 in which the
Company set out proposals (the "Proposals") to effect the
consolidation of its ordinary and redeemable share capital into a
single class of Ordinary Shares (the "Consolidation") and issue an
unlisted asset linked noted (the "ALN"), the Company has today
published a circular (the "Circular") convening an Extraordinary
General Meeting and separate class meetings (together, the
"Meetings") of the holders of its ordinary shares of 67p each
("Ordinary Shares") and the holders of its redeemable shares of 1p
each ("Redeemable Shares").
Meetings
The Extraordinary General Meeting and class meetings have been
convened for the purpose of approving certain shareholder
resolutions, and granting certain class consents, for the purposes
of implementing the Proposals.
The Meetings will be held on Monday, 30 October 2017 at The
British Academy, 10-11 Carlton House Terrace, London SW1Y 5AH at
the times specified in the Expected Timetable below.
Expected Timetable
Valuation Date 30 September
2017
----------------------------------------- ----------------
Announcement of NAV as at Valuation 20 October
Date 2017
----------------------------------------- ----------------
Latest time and date for receipt 12 noon on
of EGM Forms of Proxy 28 October
2017
----------------------------------------- ----------------
Latest time and date for receipt 12.15 p.m.
of Ordinary Class Meeting Forms on 28 October
of Proxy 2017
----------------------------------------- ----------------
Latest time and date for receipt 12.30 p.m.
of Redeemable Class Meeting Forms on 28 October
of Proxy 2017
----------------------------------------- ----------------
EGM 12 noon on
30 October
2017
----------------------------------------- ----------------
Ordinary Class Meeting 12.15 p.m.
on 30 October
2017
----------------------------------------- ----------------
Redeemable Class Meeting 12.30 p.m.
on 30 October
2017
----------------------------------------- ----------------
Redemption of Redemption Shares 31 October
2017
----------------------------------------- ----------------
Issue of ALN to the Investor 31 October
2017
----------------------------------------- ----------------
Record date for Bonus Issue and 6.00 p.m. on
Consolidation and Redesignation; 31 October
existing Redeemable Share register 2017
closed and existing Redeemable Shares
disabled in CREST
----------------------------------------- ----------------
Bonus Issue of Deferred Shares and 31 October
Consolidation and Redesignation
of Redeemable Shares as New Ordinary
Shares
----------------------------------------- ----------------
Admission of the New Ordinary Shares 8.00 a.m. on
to the premium segment of the Official 1 November
List and to trading on the Main 2017
Market
----------------------------------------- ----------------
Dealings in New Ordinary Shares 8.00 a.m. on
commence and enablement in CREST 1 November
2017
----------------------------------------- ----------------
Dispatch of certificates to certificated Week commencing
holders in respect of the New Ordinary 15 November
Shares 2017
----------------------------------------- ----------------
Circular
The Circular will be posted to shareholders today, as well as
being made available on the Company's website www.piplc.com. A copy
of the Circular will be submitted shortly to the National Storage
Mechanism ("NSM") and will be available for inspection at the NSM,
which can be found at: www.morningstar.co.uk/uk/nsm
Unless otherwise defined herein, capitalised words and phrases
in this announcement shall have the meaning given to them in the
Circular.
Enquiries
Pantheon Ventures (UK) LLP
Andrew Lebus / Vicki Bradley
020 3356 1800
Evercore
Matthew Lindsey-Clark
020 7653 6000
Canaccord Genuity Limited
Andrew Zychowski / Lucy Lewis / Robbie Robertson
020 7523 8000
Buchanan
Charles Ryland / Victoria Hayns / Henry Wilson
020 7466 5000
NOTES
PIP
PIP is a London quoted investment trust, managed by Pantheon
Ventures (UK) LLP ("Pantheon"), a leading global private equity
fund investor, investing in both primary funds and secondary
transactions, and from time to time capitalising further on its
fund investment activities by acquiring direct holdings in unquoted
companies, usually either where a vendor is seeking to sell a
combined portfolio of fund interests and direct holdings or where
there is a private equity manager, well known to Pantheon,
investing on substantially the same terms. With investments in
private equity funds, covering multiple private equity strategies
ranging from investments in late stage buyouts to early stage
venture, PIP enables individuals as well as institutions to gain
access to a substantial portfolio of unquoted companies in the USA,
the UK, Continental Europe and Asia, within funds managed by
experienced private equity managers.
Pantheon
Pantheon is a leading global private equity fund investor that
invests on behalf of over 400 institutional investors. Established
over 35 years ago, Pantheon has developed a strong reputation and
track record in primary, secondary and co-investments and across
all stages and geographies. Pantheon has GBP29.2 billion in AUM**
(as at 31 March 2017) 223 employees, including 71 investment
professionals, located across offices in London, San Francisco, New
York, Hong Kong, Seoul and Bogotá.
** This figure includes assets subject to discretionary or
non-discretionary management, advice or those limited to a
reporting function.
Evercore
Evercore Partners International LLP ("Evercore"), which is
authorised and regulated in the United Kingdom by the FCA, is
acting as financial adviser exclusively for the Company and no one
else in connection with the proposed transactions described in this
announcement and the content of this announcement and accordingly
will not be responsible to anyone other than the Company in
providing the protections afforded to clients of Evercore nor for
providing advice in relation to the proposed transactions described
in this announcement and the content of this announcement. Neither
Evercore nor any of its subsidiaries, branches or affiliates owes
or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person other than the Company in
connection with this announcement, any statement contained herein
or otherwise.
Canaccord
Canaccord Genuity Limited ("Canaccord"), which is authorised and
regulated in the United Kingdom by the FCA, is acting exclusively
for the Company and for no-one else in connection with the proposed
transactions described in this announcement and the content of this
announcement, and accordingly will not be responsible to anyone
other than the Company for providing the protections offered to
clients of Canaccord nor for providing advice to any other person
in relation to the proposed transactions described in this
announcement or the contents of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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