14 Jan 2016 17:00
Better Capital PCC Limited 2009 Cell
14 January 2016
Distribution of Capital
Further to Better Capital PCC Limited's (the "Company") announcement on 2 December 2015 following the disposal of Santia Holdco Limited, the General Partner of BECAP Fund LP has authorised a £35.3 million repayment to the Company's 2009 Cell. Having considered the working capital requirements of the 2009 Cell, the directors of the Company are pleased to confirm a third distribution of capital of 17.0 pence per ordinary share to all shareholders of the 2009 Cell. In line with the previous distributions, this distribution of £35.2 million will be treated by the Company as a reduction of share capital paid out of monies attributed to the "share capital account".
The three capital distributions (reductions of share capital) announced to date for the 2009 Cell total £61.6 million, c. 29.3 per cent. of funds raised.
Details of the distribution are as follows:
· Ex-date 21 January 2016
· Record date 22 January 2016
· Paid date 29 January 2016
For further information, please contact:
Better Capital PCC Limited
Laurence McNairn (Administrator and Company Secretary) +44 (0)1481 716 000
Better Capital LLP
Bonnie Kraus (Investor Relations) +44 (0)20 7440 0840
Powerscourt
Justin Griffiths +44 (0) 20 7250 1446
Numis Securities Limited
Nathan Brown +44 (0)20 7260 1000