We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Svg Cap. | LSE:SVI | London | Ordinary Share | GB0007892358 | ORD GBP0.10 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 735.00 | 739.50 | 740.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSVI
RNS Number : 4011P
SVG Capital PLC
17 November 2016
Announcement of Posting of Circular and opening of Tender Offer
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL
Following the announcement on 18 October 2016 of the proposed sale of 100% of its investment portfolio and wind down, SVG Capital (the "Company") is today posting a Circular to shareholders containing details of the:
-- proposed change of investment objective and policy;
-- proposed sale of the Company's investment portfolio (completion of which is subject to certain conditions, as summarised in the Circular);
-- proposed tender offer series, including a first tender offer of up to GBP350 million; and -- general meeting to be held on 5 December 2016 (including the notice of general meeting)
Highlights
-- Change of investment objective and policy to allow for an orderly realisation of the Company's assets and progressive return of cash to shareholders
-- Series of tender offers to return up to GBP1,050 million to shareholders as part of total expected return to shareholders of approximately GBP1,118 million through tender offers and subsequent winding-up
-- First tender offer of up to GBP350 million priced at 715p per share, subject to certain conditions as set out in the Circular
-- General meeting to be held at 10.00 a.m. on 5 December 2016 to approve the change in investment objective and policy and to give the Company authority to make market purchases in connection with the tender offer series. Receipt of each approval is a condition to the proposed sale of the Company's investment portfolio
Summary Timetable
-- Tender Offer opens: 17 November 2016 -- Latest time and date for receipt of Forms of Proxy: 10.00 a.m. on 1 December 2016 -- General meeting: 10.00 a.m. on 5 December 2016
-- Latest time and date for receipt of Tender Forms and share certificates in relation to the Tender Offer: 3.00 p.m. on 15 December 2016
-- Latest time and date for receipt of TTE instructions in relation to the Tender Offer: 3.00 p.m. on 15 December 2016
-- Tender Offer Record Date: 6:00 p.m. on 15 December 2016 -- Announcement of results of the Tender Offer: 7:00 a.m. on 16 December 2016
A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk
A copy of the Circular is now available to view on the Company's website at: www.svgcapital.com
For further information, please contact:
SVG Capital plc 020 3457 0000
Alice Kain
Maitland 020 7379 5151
Neil Bennett/Tom Eckersley
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCAKADQDBDBFDD
(END) Dow Jones Newswires
November 17, 2016 02:01 ET (07:01 GMT)
1 Year SVG Capital Chart |
1 Month SVG Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions