Trian Investors 1 Limited Replacement - Net Asset Value(s) (2407E)
October 26 2022 - 12:16PM
UK Regulatory
TIDMTI1
RNS Number : 2407E
Trian Investors 1 Limited
26 October 2022
26 October 2022
TRIAN INVESTORS 1 LIMITED
(the "Company")
Net Asset Value as at 30 September 2022
Trian Investors 1 Limited is pleased to announce its Net Asset
Value as at 30 September 2022 was GBP398.50 million, or 158.75
pence per Ordinary Share.
Following the Company's announcement on 2 September 2022
("Compulsory Share Redemption By 30 June 2023") the Board of the
Company, in consultation with the Company's advisors and Trian
Investors Management, LLC, have made provisions for estimated
redemption and wind-up expenses. The Company has provided for an
aggregate of approximately GBP695,000 of redemption and wind-up
expenses. In addition, Trian Investors 1, L.P. has made a provision
consisting of an accrual for the 6 months of management fees
relating to the post-liquidation period through 31 December 2023.
The provision is accrued for on a monthly basis over the ten-month
period ending 30 June 2023. As of 30 September 2022, the aggregate
post-liquidation management fee provision is GBP219,000, of which
GBP219,000 was recorded in September 2022.
LEI: 213800UQPHIQI5SPNG39
For further information, please contact:
Numis Securities Limited
+44 (0)20 7260 1000
David Benda
Ocorian Administration (Guernsey) Limited
(Administrator and Company Secretary)
+44 (0)1481 742 742
Patrick Ogier
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END
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