1 Sep 2017 07:00
Chenavari Capital Solutions Limited (the Company)
1 September 2017
Partial Compulsory Redemption of Shares
Following the redemption of 7,413,640 Redeemable Ordinary Shares of No Par Value ("Ordinary Shares") at a rate of 94.42 pence per Ordinary Share on 31 August 2017 (as previously announced on 17 August 2017), the Company now has 117,253,944 Ordinary Shares in issue. With effect from today the Company's Ordinary Shares will trade under the new ISIN number GG00BF5KFD71.
On this basis, a holder of 10,000 Ordinary Shares will have approximately 594 Ordinary Shares redeemed, and receive approximately £560.85 in cash.
In conformity with the FCA's Disclosure Guidance and Transparency Rules (DTR 5.6.1), the Company notifies that the Company's issued share capital consists of 117,253,944 Ordinary Shares. No Ordinary Shares are held in Treasury, therefore, the total number of Ordinary Shares with voting rights in the Company is 117,253,944.
This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules (DTR 5.1.2).
It is expected that the proceeds of the redemption will be paid through CREST to holders of Shares in uncertificated form, and paid by cheque to holders of Shares in certificated form, on 13 September 2017.
Enquiries:
Chenavari Investment Managers
Kirstie Sumarno
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600
Fidante Capital
Robert Peel, Corporate Broking
Email: rpeel@fidante.com
Telephone: +44 20 7832 0983