APQ Global Limited Proposed Increased Initial Payment to CULS Holders

RNS Number : 8090F

APQ Global Limited

26 September 2024

 

APQ Global Limited

 

("APQ Global" or the "Company")

 

Proposed Increased Initial Payment to CULS Holders

 

Further to the Circular to CULS Holders published by the Company on 6th September 2024 (the "Circular") relating to proposals to amend the terms of the CULS issued by the Company, and to the announcement of the Company dated 24th September 2024 setting out the Company's intention to make an Initial Payment (as defined in that announcement), the Company has received feedback from CULS Holders. 

 

The Company now confirms that, subject to the passing of the Resolution to be proposed at the meeting of CULS Holders convened for 30th September 2024, it will increase the Initial Payment described in the announcement dated 24th September 2024 from £2.0m ($2.7m), to £3.5m ($4.7m).

 

The additional cash to fund this increase arises from a review of the Company's currency hedging policy, referred to in the previous announcement.

 

Terms used and not defined in this announcement shall have the meanings given to them in the Circular.

 

- End -

 

 

For further enquiries, please contact:

 

APQ Global Limited Bart Turtelboom	020 3478 9708
Singer Capital Markets - Nominated Adviser and Broker James Maxwell/Sam Greatrex	020 7496 3000
Suntera - TISE sponsor Claire Torode	01481 737 277
Investor Relations [e-mail]

 

Notes to Editors

 

APQ Global Limited

 

APQ Global (ticker: APQ LN) is an investment company incorporated in Guernsey. The Company focuses its investment activities globally (in Asia, Latin America, Eastern Europe, the Middle East, Africa and the Channel Islands, particularly). The objective of the Company is to steadily grow its earnings to seek to deliver attractive returns and capital growth through a combination of building growing businesses as well as earning revenue from income generating operating activities in capital markets. APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets. For more information, please visit apqglobal.com.

 

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