Damille Investments II Limited Statement re Compulsory Redemption of Shares (9960I)
September 05 2016 - 11:20AM
UK Regulatory
TIDMDIL2
RNS Number : 9960I
Damille Investments II Limited
05 September 2016
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
5 September, 2016
COMPULSORY REDEMPTION OF SHARES
Further to the powers granted to the Board at the Company's
extraordinary general meeting held on 5 September 2016, the Company
advises that it will return to Shareholders by way of a compulsory
partial redemption of Shares an amount of approximately GBP13.1
million, representing approximately 25 per cent. of the Company's
issued share capital, (the "Redemption") at close of business on 8
September, 2016 (the "Redemption Date").
Shares will be redeemed as at the Redemption Date, by reference
to the unaudited estimated Net Asset Value per Share as at 31
August, 2016 less a deduction of one per cent. to cover the costs
of the Redemption (the "Redemption Price").
The Redemption will be effected pro rata to the holdings of
Shares on the register at the close of business on the Redemption
Date (which is the record date for the purposes of the Redemption),
being 8 September, 2016. No fractions of Shares will be redeemed
and the number of Shares to be redeemed for each Shareholder will
be rounded down to the nearest whole number of Shares as
appropriate.
All of the Shares redeemed on the Redemption Date will be
cancelled.
All proceeds of the Redemption will be paid in pounds Sterling
on or around 14 September, 2016.
All Shareholders will be sent their redemption proceeds by
cheque posted to the registered address of the first named holder
at each recipient's own risk.
As notified to Shareholders in the circular convening the recent
EGM, Shareholders who wish to receive their redemption proceeds by
electronic bank transfer must send a payment request to the
Registrar, Anson Registrars Limited, PO Box 426, Anson House,
Havilland Street, St Peter Port, Guernsey GY1 3WX. Such request
should at a minimum specify the full bank account details of the
account to which the redemption proceeds are to be paid and such
bank account must be in the name of the registered holder(s). If a
Shareholder does elect to request electronic bank transfer of their
redemption proceeds, all bank payment charges will be for the
account of the payee. The payment request must be sent to Anson
Registrars Limited by close of business on 12 September 2016 in
order to receive proceeds by electronic bank transfer.
The Shares will all be disabled in CREST after close of business
on the Redemption Date and the existing ISIN number GG00B7617Z91
(the "Old ISIN") will expire.
The new ISIN number GG00BZ97R277 (the "New ISIN") in respect of
the remaining Shares which have not been redeemed will be enabled
and available for transactions from and including 9 September 2016.
Up to and including the Redemption Date, Shares will be traded
under the Old ISIN and as such, a purchaser of such Shares would
have a market claim for a proportion of the redemption proceeds.
CREST will automatically transform any open transactions as at the
Redemption Date into the New ISIN.
Expected timetable:
Record Date, Redemption (close of business)
Date, expiry of old 8 September 2016
ISIN number.
------------------------- ---------------------
New ISIN enabled, Crest 9 September 2016
Accounts credited.
------------------------- ---------------------
Redemption monies paid 14 September 2016
(on or around)
------------------------- ---------------------
For further information contact:
Administrative Enquiries: Shareholder Enquiries:
JTC (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
info@nimrodcapital.com
E&OE - In Transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
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