Damille Investments II Limited Sale & Redemption of Shares & TVR (9687M)

TIDMDIL2

RNS Number : 9687M

Damille Investments II Limited

19 October 2016

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

19 October 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 18 October, 2016 234,564 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 41,393 Ordinary Shares at a price of GBP1.1950, being the prevailing net asset value of an Ordinary Share as at 30 September, 2016.

As announced on 13 October, 2016, the Board of directors of the Company resolved on that date to redeem approximately 15% of the Ordinary Shares in issue as at close of business on 18 October 2016. Accordingly, 5,352,389 Ordinary Shares were redeemed on 18 October, 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 24 October, 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 GG00BYM73744 and are available for transactions from and including today.

The total number of Ordinary Shares in issue is now 34,001,090, of which 3,670,721 Ordinary Shares are held in treasury. Therefore, the number of Ordinary Shares with voting rights attached now in issue is 30,330,369 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 Guidance 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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October 19, 2016 09:14 ET (13:14 GMT)