Damille Investments II Limited Compulsory Redemption of Shares (6570W)

TIDMDIL2

RNS Number : 6570W

Damille Investments II Limited

10 February 2017

DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")

10 February, 2017

COMPULSORY REDEMPTION OF SHARES

The Company advises that it will return to Shareholders by way of a compulsory partial redemption of Shares a further amount of approximately GBP5.08 million, representing approximately 15 per cent. of the Company's issued share capital (the "Redemption") as at close of business on Wednesday, 15 February, 2017 (the "Redemption Date").

Shares will be redeemed as at the Redemption Date. The redemption price will be GBP1.3154, which includes a deduction to cover the costs of the Redemption of 1% from the unaudited estimated net asset value per Share as at Tuesday, 31 January, 2017 announced on Tuesday, 7 February, 2017.

The Redemption will be effected pro rata to the holdings of Shares on the register at the close of business on the Redemption Date (which is the record date for the purposes of the Redemption), being Wednesday, 15 February, 2017. No fractions of Shares will be redeemed and the number of Shares to be redeemed for each Shareholder will be rounded up to the nearest whole number of Shares as appropriate.

All of the Shares redeemed on the Redemption Date will be cancelled.

All proceeds of the Redemption will be paid in pounds Sterling on or around Tuesday, 21 February, 2017.

All Shareholders will be sent their redemption proceeds by cheque posted to the registered address of the first named holder at each recipient's own risk.

Shareholders who wish to receive their redemption proceeds by electronic bank transfer must send a payment request to the Registrar, Anson Registrars Limited, PO Box 426, Anson House, Havilland Street, St Peter Port, Guernsey GY1 3WX. Such request should at a minimum specify the full bank account details of the account to which the redemption proceeds are to be paid and such bank account must be in the name of the registered holder(s). If a Shareholder does elect to request electronic bank transfer of their redemption proceeds, all bank payment charges will be for the account of the payee. The payment request must be sent to Anson Registrars Limited by close of business on Friday, 17 February, 2017 in order to receive proceeds by electronic bank transfer.

The Shares will all be disabled in CREST after close of business on the Redemption Date and the existing ISIN number GG00BDFF8F11 (the "Old ISIN") will expire.

The new ISIN number GG00BDFC1W06 (the "New ISIN") in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions from and including Thursday, 16 February, 2017. Up to and including the Redemption Date, Shares will be traded under the Old ISIN and as such, a purchaser of such Shares would have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

Expected timetable:

 
  Record Date, Redemption    (close of business) 
   Date, expiry of old        15 February, 2017 
   ISIN number. 
-------------------------  --------------------- 
  New ISIN enabled, Crest    16 February, 2017 
   Accounts credited. 
-------------------------  --------------------- 
  Redemption monies paid     21 February, 2017 
   (on or around) 
-------------------------  --------------------- 
 

For further information contact:

   Administrative Enquiries:                                 Shareholder Enquiries: 
   JTC Fund Solutions (Guernsey) Limited               Nimrod Capital LLP 
   Tel: [phone]                                  Tel: [phone] 

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February 10, 2017 11:32 ET (16:32 GMT)