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Spicers-OfficeTeam - Partial Disposal

1 Apr 2019 07:00

RNS Number : 5749U

Better Capital PCC Limited

01 April 2019

Better Capital PCC Limited 2012 Cell

1 April 2019

Sale of Waterlow Business Supplies and Oyez Professional Services

The General Partner of BECAP12 Fund LP ("Fund II") has informed Better Capital PCC Limited (the "Company") that the portfolio company Spicers-OfficeTeam ("SPOT") has sold two of its subsidiaries, Waterlow Business Supplies and Oyez Professional Services. The net proceeds achieved by SPOT were a significant premium to the value attributed to these operations in the latest financial statements of the Company and represent a substantial proportion of the Company's carrying value of the SPOT investment.

The intention is that SPOT will make a repayment to Fund II in due course and a further announcement will in turn be made in regards to a distribution to the 2012 Shareholders.

Enquiries:
Better Capital PCC Limited Norman Amey (Administrator and Company Secretary)	+44 (0) 1481 742 742
Powerscourt Justin Griffiths	+44 (0) 20 7250 1446
Numis Securities Nathan Brown	+44 (0) 20 7260 1426

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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Date		Source	Headline
9th Jun 2020	7:00 am	RNS	Reconstruction of the Everest Business
8th Jun 2020	7:00 am	RNS	Replacement RNS
5th Jun 2020	6:08 pm	RNS	Reconstruction of the Everest Business
27th May 2020	7:00 am	RNS	Director/PDMR Shareholding
26th May 2020	7:00 am	RNS	Holding(s) in Company
14th May 2020	1:32 pm	RNS	Partial Sale of The SPOT Group and their assets
12th May 2020	4:16 pm	RNS	Results of Extraordinary General Meetings
1st May 2020	5:18 pm	RNS	Holding(s) in Company
29th Apr 2020	7:00 am	RNS	Notice of Extraordinary General Meetings
1st Apr 2020	4:00 pm	RNS	Change of Name of Administrator/Company Secretary
26th Mar 2020	7:00 am	RNS	Update following COVID-19 outbreak
23rd Dec 2019	3:25 pm	RNS	Interim Results Update
12th Nov 2019	5:50 pm	RNS	Holding(s) in Company
12th Sep 2019	2:23 pm	RNS	Result of AGM
23rd Aug 2019	7:00 am	RNS	Notice of AGM
22nd Aug 2019	9:28 am	RNS	Director Declaration
1st Aug 2019	7:00 am	RNS	Total Voting Rights
2nd Jul 2019	7:01 am	RNS	2012 Cell Distribution of Capital
2nd Jul 2019	7:00 am	RNS	2012 Shares Buyback
1st Jul 2019	7:00 am	RNS	Final Results Update
21st May 2019	3:08 pm	RNS	Director/PDMR Shareholding
29th Apr 2019	3:00 pm	RNS	Change of Registered Office
1st Apr 2019	7:00 am	RNS	Spicers-OfficeTeam - Partial Disposal
25th Jan 2019	5:18 pm	RNS	Holding(s) in Company
23rd Jan 2019	4:40 pm	RNS	Holding(s) in Company
22nd Jan 2019	2:41 pm	RNS	Director/PDMR Shareholding
10th Dec 2018	4:30 pm	RNS	Director/PDMR Shareholding
5th Dec 2018	12:03 pm	RNS	Director Declaration
3rd Dec 2018	7:00 am	RNS	Interim Results Update
29th Oct 2018	5:00 pm	RNS	Preliminary NAV views as at 30 September 2018
13th Sep 2018	3:30 pm	RNS	Results of AGMs
5th Sep 2018	11:59 am	RNS	Director/PDMR Shareholding
3rd Sep 2018	9:39 am	RNS	Holding(s) in Company
31st Aug 2018	4:09 pm	RNS	Holding(s) in Company
31st Aug 2018	12:45 pm	RNS	Director/PDMR Shareholding
22nd Aug 2018	4:30 pm	RNS	Everest Valuation at 31st March 2018/SPOT Progress
10th Aug 2018	2:37 pm	RNS	Holding(s) in Company
6th Aug 2018	7:00 am	RNS	Notice of Annual General Meetings
3rd Aug 2018	10:11 am	RNS	Holding(s) in Company
26th Jul 2018	11:00 am	RNS	Distribution of Capital
24th Jul 2018	5:18 pm	RNS	Director/PDMR Shareholding
23rd Jul 2018	7:00 am	RNS	Further Update Re: Sale of Northern Aerospace Ltd
13th Jul 2018	7:00 am	RNS	Final Results Update
9th Jul 2018	7:00 am	RNS	Further update re sale of Northern Aerospace Ltd
2nd Jul 2018	7:00 am	RNS	Total Voting Rights
26th Jun 2018	5:00 pm	RNS	Statement re Annual Report & Financial Statements
25th Jun 2018	7:00 am	RNS	Further Update Re: Sale of Northern Aerospace
19th Jun 2018	10:02 am	RNS	Further Re: Sale of Northern Aerospace Limited
19th Jun 2018	7:00 am	RNS	2012 Shares Buyback
8th Jun 2018	7:00 am	RNS	Sale of Northern Aerospace Limited

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