George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Pin to quick picksBCAP.L Regulatory News (BCAP)

  • There is currently no data for BCAP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Distribution of Capital

26 Jul 2018 11:00

RNS Number : 8813V
Better Capital PCC Limited
26 July 2018
 

26 July 2018

 

Better Capital PCC Limited 2012 Cell

 

Distribution of Capital

 

Further to Better Capital PCC Limited's (the "Company") announcement on 23 July 2018, the General Partner (the "GP") of BECAP12 Fund LP (the "2012 Fund") informed the Board that the sale of Northern Aerospace Limited to Gardner Aerospace Holdings Limited completed successfully during the course of 23 July.

 

Having contemplated the future requirements of the 2012 Fund and its remaining investee companies, the GP has authorised a £48.85 million repayment to the Company's 2012 Cell from the proceeds of the Northern Aerospace disposal and the proceeds from the CAV Aerospace Limited warranty claim.

 

Having considered the working capital requirements of the 2012 Cell, the directors of the Company today announced a fourth distribution of capital of 16.0 pence per ordinary share to the 2012 Shareholders. In line with the previous distributions, this distribution of £48.35 million will be treated by the Company as a reduction of share capital paid out of monies attributed to the "share capital account".

 

The four capital distributions (reductions of share capital) announced to date for the 2012 Cell total £96.72 million / 27.2 per cent. of funds raised.

 

It is hoped that a further distribution will be feasible in 2019 as uncertainties on cash needs diminish.

 

Details of the distribution are as follows:

 

· Ex-date

· Record date

· Paid date

2 August 2018

3 August 2018

10 August 2018

 

For further information, please contact:

 

Better Capital PCC Limited

Norman Amey (Administrator and Company Secretary)

 

+44 (0)1481 742 742

Numis Securities Limited

Nathan Brown

+44 (0)20 7260 1000

 

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
 
 
DIVUNSKRWBABURR
Date   Source Headline
9th Jun 20207:00 amRNSReconstruction of the Everest Business
8th Jun 20207:00 amRNSReplacement RNS
5th Jun 20206:08 pmRNSReconstruction of the Everest Business
27th May 20207:00 amRNSDirector/PDMR Shareholding
26th May 20207:00 amRNSHolding(s) in Company
14th May 20201:32 pmRNSPartial Sale of The SPOT Group and their assets
12th May 20204:16 pmRNSResults of Extraordinary General Meetings
1st May 20205:18 pmRNSHolding(s) in Company
29th Apr 20207:00 amRNSNotice of Extraordinary General Meetings
1st Apr 20204:00 pmRNSChange of Name of Administrator/Company Secretary
26th Mar 20207:00 amRNSUpdate following COVID-19 outbreak
23rd Dec 20193:25 pmRNSInterim Results Update
12th Nov 20195:50 pmRNSHolding(s) in Company
12th Sep 20192:23 pmRNSResult of AGM
23rd Aug 20197:00 amRNSNotice of AGM
22nd Aug 20199:28 amRNSDirector Declaration
1st Aug 20197:00 amRNSTotal Voting Rights
2nd Jul 20197:01 amRNS2012 Cell Distribution of Capital
2nd Jul 20197:00 amRNS2012 Shares Buyback
1st Jul 20197:00 amRNSFinal Results Update
21st May 20193:08 pmRNSDirector/PDMR Shareholding
29th Apr 20193:00 pmRNSChange of Registered Office
1st Apr 20197:00 amRNSSpicers-OfficeTeam - Partial Disposal
25th Jan 20195:18 pmRNSHolding(s) in Company
23rd Jan 20194:40 pmRNSHolding(s) in Company
22nd Jan 20192:41 pmRNSDirector/PDMR Shareholding
10th Dec 20184:30 pmRNSDirector/PDMR Shareholding
5th Dec 201812:03 pmRNSDirector Declaration
3rd Dec 20187:00 amRNSInterim Results Update
29th Oct 20185:00 pmRNSPreliminary NAV views as at 30 September 2018
13th Sep 20183:30 pmRNSResults of AGMs
5th Sep 201811:59 amRNSDirector/PDMR Shareholding
3rd Sep 20189:39 amRNSHolding(s) in Company
31st Aug 20184:09 pmRNSHolding(s) in Company
31st Aug 201812:45 pmRNSDirector/PDMR Shareholding
22nd Aug 20184:30 pmRNSEverest Valuation at 31st March 2018/SPOT Progress
10th Aug 20182:37 pmRNSHolding(s) in Company
6th Aug 20187:00 amRNSNotice of Annual General Meetings
3rd Aug 201810:11 amRNSHolding(s) in Company
26th Jul 201811:00 amRNSDistribution of Capital
24th Jul 20185:18 pmRNSDirector/PDMR Shareholding
23rd Jul 20187:00 amRNSFurther Update Re: Sale of Northern Aerospace Ltd
13th Jul 20187:00 amRNSFinal Results Update
9th Jul 20187:00 amRNSFurther update re sale of Northern Aerospace Ltd
2nd Jul 20187:00 amRNSTotal Voting Rights
26th Jun 20185:00 pmRNSStatement re Annual Report & Financial Statements
25th Jun 20187:00 amRNSFurther Update Re: Sale of Northern Aerospace
19th Jun 201810:02 amRNSFurther Re: Sale of Northern Aerospace Limited
19th Jun 20187:00 amRNS2012 Shares Buyback
8th Jun 20187:00 amRNSSale of Northern Aerospace Limited

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.