Damille Investments II Limited Sale & Redemption of Shares & TVR (0902X)

TIDMDIL2

RNS Number : 0902X

Damille Investments II Limited

16 February 2017

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

16 February, 2017

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

As announced yesterday, the Company sold out of treasury on 15 February, 2017 449,910 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 79,396 Ordinary Shares at a price of GBP1.326786, being the final net asset value of an Ordinary Share as at 31 January, 2017.

As announced on 10 February, 2017, 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 15 February, 2017. Accordingly, 3,864,177 Ordinary Shares were redeemed on 15 February, 2017 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 21 February, 2017.

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 GG00BDFC1W06 and are available for transactions from and including today.

The total number of Ordinary Shares in issue is now 24,459,619, of which 2,562,790 Ordinary Shares are held in treasury. Therefore, the number of Ordinary Shares with voting rights attached now in issue is 21,896,829 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 Fund Solutions (Guernsey) Limited               Nimrod Capital LLP 
   Tel: [phone]                                  Tel: [phone] 
   [e-mail]                           [e-mail] 

END OF ANNOUNCEMENT

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February 16, 2017 07:11 ET (12:11 GMT)