12 Jan 2017 07:00
Chenavari Capital Solutions Limited (the Company)
12 January 2017
Transaction in Own Shares
The Company announces that on 11 January 2017 it purchased 106,000 ordinary shares at a price of 84.5 pence per share. The shares purchased will be cancelled.
As announced on 13 December 2016, the Company has now entered its Realisation Period during which capital will be returned to Shareholders. The precise mechanism for any return of cash to Shareholders will depend upon the relevant factors prevailing at the time and will be at the discretion of the Board, but may include a combination of capital distributions, share repurchases and redemptions. The amount and frequency of such distributions will be at the Company's absolute discretion.
Following the transaction the remaining shares in issue total 130,194,000 with no shares held in treasury. Therefore, the total number of voting rights in the Company will be 130,194,000. This figure may be used by shareholders and other investors 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.
Further information in relation to the Company is available at:
http://www.chenavaricapitalsolutions.com/
Enquiries:
Kirstie Sumarno
Chenavari Investment Managers
Email: ccslir@chenavari.com
Telephone: +44 20 7259 3600