SVI Svg Cap.

TIDMSVI

RNS Number : 3793X

SVG Capital PLC

21 February 2017

SVG Capital plc

Kean House

6 Kean Street

London WC2B 4AS

Tel +44(0)20 3457 0000

Fax +44 (0)20 3457 0010

Press Release

For immediate release 21 February 2017

Announcement of Results of Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

SVG Capital plc (the "Company")

21 February 2017

Results of Tender Offer

The Company today announces the results of the Tender Offer set out in the shareholder circular published by the Company on 23 January 2017 (the "Circular") and which closed on 20 February 2017.

78,712,078 Ordinary Shares were validly tendered and, following application of the scale-back mechanism (as set out in the Circular), 41,958,041 Ordinary Shares will be purchased at a price per Ordinary Share of 715 pence, for a total cost of GBP299,999,993.15. This represents approximately 39.06 per cent. of the issued share capital of the Company. Shareholders who tendered more than their Individual Basic Entitlement (being 39.06 per cent. of their holdings of Ordinary Shares as at the Tender Offer Record Date) were scaled back by 89.8080502644651 per cent. of the number of excess shares tendered.

It is anticipated that the proceeds payable to the Company's Shareholders for the certificated Ordinary Shares purchased under the Tender Offer will be despatched by 28 February 2017 in the form of a cheque and that CREST account holders will have their CREST accounts credited by 23 February 2017.

As set out in the Circular, the Ordinary Shares will be purchased by J. P. Morgan Cazenove pursuant to the Tender Offer and the Company will buy-back such Ordinary Shares from J.P. Morgan Cazenove. The Company intends to cancel such Ordinary Shares, reducing its total issued share capital from 107,403,041 Ordinary Shares to 65,445,000 Ordinary Shares.

Capitalised terms used in this announcement have the same meaning as ascribed to them in the Circular.

For further information please contact:

SVG Capital plc

Stuart Ballard: 020 3457 0090

This information is provided by RNS

The company news service from the London Stock Exchange

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