TIDMTPFZ

RNS Number : 4340Z

Taliesin Property Fund Limited

31 August 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

31 August 2018

TALIESIN PROPERTY FUND LIMITED

(incorporated and registered in Jersey with registered number 91744)

redemption of ZDP Shares

Redemption of ZDP Shares

Taliesin Property Fund Limited ("Taliesin") announces the compulsory redemption in accordance with its articles (the "Redemption") of all of the zero dividend preference shares of no par value in the capital of Taliesin (the "ZDP Shares") at a price of 144.28p per ZDP Share.

Background to the Redemption

The articles of association of the Company (the "Articles") require the Company to redeem all outstanding ZDP Shares on or within 14 days before 30 September 2018 (the "Redemption Date").

Timetable

The expected timetable of principal events is as follows:

 
 Event                                Expected 
                                       time/date 
 Publication of the circular to       31 August 2018 
  ZDP shareholders 
                                     ------------------ 
 ZDP Redemption Date on which all     28 September 2018 
  ZDP Shares shall be redeemed by 
  Taliesin and cancelled 
                                     ------------------ 
 Settlement Date for payment of       12 October 2018 
  consideration to ZDP Shareholders 
  in relation to the Redemption 
                                     ------------------

Further details of the Redemption

Under the terms of the Redemption, the ZDP shareholders will receive 144.28p per ZDP Share.

A circular explaining the Redemption was sent to the holders of ZDP Shares on 31 August 2018.

The redemption of ZDP Shares is conditional on the members of the Taliesin Board who approve such Redemption being able to make the necessary 12 month forward looking solvency statement as required by the Companies (Jersey) Law 1991.

All ZDP Shares will continue to be listed until they are redeemed pursuant to the Redemption. All ZDP Shares will be redeemed pursuant to the Redemption and will be cancelled on the Redemption Date.

It is the intention that the ZDP Shares will be delisted from the Official List of the UK Listing Authority and that trading of the ZDP Shares on the main market for listed securities of the London Stock Exchange will be cancelled with effect from the Redemption Date.

The last day of dealings in ZDP Shares on the main market is expected to be the ZDP Redemption Date and no transfers will be registered after 6.00 p.m. (London time) on that date.

Enquiries:

 
 Taliesin 
 Nigel Anthony Le Quesne   Tel: +44 (0) 15 
                            3470 0000 
                          ----------------

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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August 31, 2018 06:46 ET (10:46 GMT)

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