Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (8940G)
March 20 2020 - 3:00AM
UK Regulatory
TIDMCCSL
RNS Number : 8940G
Chenavari Capital Solutions Limited
20 March 2020
Chenavari Capital Solutions Limited (the Company)
20 March 2020
Partial Compulsory Redemption of Shares
Following the redemption of 11,665,851 Redeemable Ordinary
Shares of No Par Value ("Ordinary Shares") at a rate of 85.72 pence
per Ordinary Share on 19 March 2020 (as previously announced on 2
March 2020 and updated on 18 March 2020), the Company now has
21,921,801 Ordinary Shares in issue. With effect from today the
Company's Ordinary Shares will trade under the new ISIN number
GG00BLLV7850.
On this basis, a holder of 10,000 Ordinary Shares will have
3,473 Ordinary Shares redeemed, and receive GBP2,977.05 in cash.
Approximately 34.73% of the issued share 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 now consists of 21,921,801 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 21,921,801.
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 Ordinary Shares in uncertificated form,
and paid by cheque to holders of Ordinary Shares in certificated
form, on 31 March 2020.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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