Damille Investments II Limited Sale & Redemption of Shares & TVR (4336J)

TIDMDIL2

RNS Number : 4336J

Damille Investments II Limited

09 September 2016

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

9 September 2016

Sale of Ordinary Shares out of treasury, Compulsory Redemption of Shares and Total Voting Rights

As announced today, the Company sold out of treasury on 8 September, 2016 384,247 Ordinary Shares of no par value ("Ordinary Shares") to Damille Partners Limited ("Damille") in settlement of the performance fees payable to Damille.

Under the Services Agreement with Damille and the Corporate and Shareholder Advisory Agreement between the Company and Nimrod Capital LLP ("Nimrod") the Company also sold out of treasury to Nimrod 59,074 Ordinary Shares at a price of GBP1.1204, being the prevailing net asset value of an Ordinary Share as at 31 August, 2016.

As announced on 5 September, 2016, the Board of directors of the Company resolved on that date to redeem approximately 25% of the Ordinary Shares in issue as at close of business on 8 September 2016. Accordingly, 11,802,243 Ordinary Shares were redeemed on 8 September, 2016 and have now been cancelled. The redemption proceeds due on the redemptions of these Ordinary Shares will be paid in pounds Sterling on or around 14 September, 2016.

Following these sales of Ordinary Shares out of treasury and the subsequent compulsory redemptions of Ordinary Shares, those Ordinary Shares not being redeemed have been re-issued under the new ISIN GG00BZ97R277 and are available for transactions from and including today.

The total number of Ordinary Shares in issue is now 39,353,479, of which 3,946,678 Ordinary Shares are held in treasury. Therefore, the number of Ordinary Shares with voting rights attached now in issue is 35,406,801 and this is the figure which should 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 and Transparency Rules.

By order of the Board

Damille Investments II Limited

   Administrative Enquiries:                                    Shareholder Enquiries: 
   JTC (Guernsey) Limited                                      Nimrod Capital LLP 
   Tel: [phone]                                  Tel: [phone] 
   [e-mail]                           [e-mail] 

END OF ANNOUNCEMENT

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September 09, 2016 07:09 ET (11:09 GMT)