Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (8832S)
July 14 2020 - 2:00AM
UK Regulatory
TIDMCCSL
RNS Number : 8832S
Chenavari Capital Solutions Limited
14 July 2020
Chenavari Capital Solutions Limited (the Company)
14 July 2020
Partial Compulsory Redemption of Shares
Following the redemption of 4,798,430 Redeemable Ordinary Shares
of No Par Value ("Ordinary Shares") at a rate of 72.94 pence per
Ordinary Share on 13 July 2020 the Company now has 17,123,371
Ordinary Shares in issue. With effect from today the Company's
Ordinary Shares will trade under the new ISIN number
GG00BMGNHZ00.
On this basis, a holder of 10,000 Ordinary Shares will have
2,188 Ordinary Shares redeemed, and receive GBP1,595.92 in cash.
Approximately 21.89% 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 17,123,371 Ordinary
Shares. No Ordinary Shares are held in Treasury, therefore the
total number of Ordinary Shares with voting rights in the Company
is 17,123,371.
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 23 July 2020.
Enquiries:
Chenavari Investment Managers
Sophie Porter
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
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contact rns@lseg.com or visit www.rns.com.
END
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