Better Capital PCC Limited Distribution of Capital (9764C)

TIDMBCAP TIDMBC12

RNS Number : 9764C

Better Capital PCC Limited

21 April 2017

   21 April 2017                                      Better Capital PCC Limited 2012 Cell 

Distribution of Capital

Further to Better Capital PCC Limited's (the "Company") announcement on 30 March 2017 following the disposal of the debt instruments in BECAP Jaeger (UK) Limited ("Jaeger"), the General Partner of BECAP12 Fund LP has authorised a GBP8.3 million repayment to the Company's 2012 Cell. Having considered the working capital requirements of the 2012 Cell, the directors of the Company today announced a third distribution of capital of 2.6 pence per ordinary share to the 2012 Shareholders. In line with the previous distributions, this distribution of GBP8.3 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 2012 Cell total GBP48.4 million, c. 13.6 per cent. of funds raised.

Details of the distribution are as follows:

   --     Ex-date                        4 May 2017 
   --     Record date               5 May 2017 
   --     Payment date           12 May 2017 

Enquiries:

Better Capital PCC Limited [phone]

Laurence McNairn (Administrator and Company Secretary)

Better Capital LLP [phone]

Bonnie Kraus (Investor Relations)

Powerscourt [phone]

Justin Griffiths

Numis Securities [phone]

Nathan Brown

This information is provided by RNS

The company news service from the London Stock Exchange

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April 21, 2017 04:33 ET (08:33 GMT)