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Company Update

7 Feb 2019 13:48

RNS Number : 4091P
Tau Capital PLC
07 February 2019
 

 

7 February 2019

 

Tau Capital plc

("Tau" or the "Company")

 

 

Company Update

 

Further to the announcement made on 1 February 2019, the Company announces that it has reached agreement in principle with Peterhouse Capital Limited to undertake an equity fundraising which will enable the company to meet its ongoing solvency requirements in accordance with the Isle of Man 2006 Company Act.

The Company then intends to undertake a capital distribution, based on the Net Asset Value of the Company, to be made to all shareholders.

A Circular, with details of the proposed transaction, and convening an Extraordinary General Meeting will be issued and a further announcement made as soon as possible.

Further information, please contact:

 

FIM Capital Limited

Philip Scales

 

Tel: +44 (0) 1624 681250

 

 

Allenby Capital Limited (Nominated Adviser and Joint Broker)

John Depasquale / Alex Brearley

 

 

Peterhouse Capital Limited (Joint Broker)

Lucy Williams / Eran Zucker

 

Tel: +44 (0) 203 328 5656

 

 

 

Tel: +44 (0) 207 469 0933

 

 

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.
 
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30th Sep 20117:54 amRNSHalf Yearly Report
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28th Jun 201112:11 pmRNSResult of AGM
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24th Feb 20117:00 amRNSPrivate Equity Investment
7th Feb 201110:29 amRNSNet Asset Value(s)
7th Feb 201110:29 amRNSInvestor Presentations
14th Jan 20114:28 pmRNSHolding(s) in Company
14th Jan 20117:00 amRNSChange of Adviser
13th Jan 201112:10 pmRNSHolding(s) in Company
11th Jan 20112:22 pmRNSNet Asset Value(s)
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