Chenavari Capital Solutions Limited Partial Compulsory Redemption of Shares (2772B)

TIDMCCSL

RNS Number : 2772B

Chenavari Capital Solutions Limited

03 April 2017

Chenavari Capital Solutions Limited (the Company)

3 April 2017

Partial Compulsory Redemption of Shares

Following the redemption of 5,511,416 Redeemable Ordinary Shares of No Par Value ("Ordinary Shares") at a rate of 90.72 pence per Ordinary Share on 31 March 2017 (as previously announced on 17 March 2017), the Company now has 124,667,584 Ordinary Shares in issue. With effect from today the Company's Ordinary Shares will trade under the new ISIN number GG00BDH6YY34.

For every 10,000 Ordinary Shares held, shareholders will have approximately 423 Ordinary Shares redeemed, and receive approximately GBP383.74 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 124,667,584 Ordinary Shares. No Ordinary Shares are held in Treasury, therefore, the total number of Ordinary Shares with voting rights in the Company is 124,667,584.

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 April 2017.

Enquiries:

Chenavari Investment Managers

Kirstie Sumarno

Email: [e-mail]

Telephone: [phone]

Fidante Capital

Robert Peel, Corporate Broking

Email: [e-mail]

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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April 03, 2017 02:00 ET (06:00 GMT)