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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Better Capital Pcc Limited | LSE:BCAP | London | Ordinary Share | GG00BYXP9G82 | ORD GBP1.00 (2009) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.50 | 18.00 | 25.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBCAP TIDMBC12
RNS Number : 6117S
Better Capital PCC Limited
22 December 2016
This replaces announcement number 5290S released at 16.30 GMT on 21 December 2016. In the second paragraph, the announcement should have stated that the capital distribution would be made to 2012 Shareholders on the register as at "30 December 2016" and not "29 December 2016". All other information in the announcement remains unchanged.
Better Capital PCC Limited 2012 Cell
21 December 2016
2012 Shares Buyback and Cancellation and Capital Distribution
Further to Better Capital PCC Limited's (the "Company") EGM results announcement on 7 December 2016, the Company has today entered into the Buyback Contract with BECAP12 Fund LP (the "2012 Fund") to acquire 28,548,278 2012 Shares, representing 50 per cent. of the 2012 Fund's holding at the purchase price of 37.12 pence per share, which is calculated in accordance with the circular approving the buyback as 5% above the average market value of the 2012 Shares for the five business days prior to today's completion date (the "Shares Buyback"). Following the Shares Buyback, the Company will immediately cancel all the 2012 Shares it acquired from the 2012 Fund, reducing the number of 2012 Shares in issue from 346,600,520 to 318,052,242.
Following the disposal of iNTERTAIN Limited on 7 December 2016, the Board is pleased to confirm a second distribution of capital of 10.7 pence per share to all 2012 Shareholders on the register as at 30 December 2016. This distribution of GBP34.0 million will be treated by the Company as a reduction of share capital paid out of monies attributed to the "share capital account".
The two capital distributions (reductions of share capital) announced to date for the 2012 Cell total GBP40.1 million, c. 11.3 per cent. of funds raised.
Details of the second distribution are as follows:
-- Ex-date 30 December 2016 -- Record date 3 January 2017 -- Paid date 13 January 2017
For further information, please contact:
Better Capital PCC Limited
Laurence McNairn (Administrator and Company Secretary) +44 (0)1481 716 000
Better Capital LLP
Bonnie Kraus (Director of Finance and Investor Relations) +44 (0)20 7440 0840
Powerscourt
Justin Griffiths +44 (0)20 7549 0999
Numis Securities Limited
Nathan Brown +44 (0)20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 22, 2016 05:55 ET (10:55 GMT)
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