SVG Capital PLC Update following recent Tender Offer (2474D)
2017年4月25日 - 7:06PM
RNSを含む英国規制内ニュース (英語)
TIDMSVI
RNS Number : 2474D
SVG Capital PLC
25 April 2017
SVG Capital plc (the "Company")
25 April 2017
Update following recent Tender Offer
Following the recent tender offer that was not fully subscribed,
the Board has reviewed potential methods of returning cash to
shareholders.
In November 2016, the Company announced that it expected to
return approximately GBP1,118 million to shareholders, of which up
to GBP1,050 million would be returned in three tender offers at
715p per share, with the balance proposed to be returned during the
subsequent winding-up.
The Company now expects to return approximately GBP1,125 million
to shareholders. GBP948.6 million of this has been returned in
three tender offers.
The Board has decided that the most appropriate method of
returning the remaining approximate GBP176.4 million to
shareholders is through the liquidation process. The Board will
write to shareholders in May with a circular to convene a general
meeting to approve the appointment of a liquidator on or after 31
May 2017. From preliminary discussions that the Company has had
with the proposed liquidator, the Company expects that an initial
distribution will be made shortly after the appointment of the
liquidator.
Shareholders are advised that shares in the Company will be
delisted on or around the time of the appointment of the
liquidator. Further details of the liquidation process will be set
out in the circular to be posted in May.
Following the third tender, the Company's net asset value per
share is 746.5p (as at 25 April 2017).
For further information please contact:
SVG Capital plc
Stuart Ballard: 020 3457 0000
This information is provided by RNS
The company news service from the London Stock Exchange
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April 25, 2017 06:06 ET (10:06 GMT)
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