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BCAP Better Capital Pcc Limited

21.50
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Better Capital Pcc Limited LSE:BCAP London Ordinary Share GG00BYXP9G82 ORD GBP1.00 (2009)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 21.50 18.00 25.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Better Capital PCC Limited Further Update Re: Sale of Northern Aerospace Ltd (3669V)

23/07/2018 7:00am

UK Regulatory


Better Capital Pcc (LSE:BCAP)
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TIDMBC12 TIDMBCAP

RNS Number : 3669V

Better Capital PCC Limited

23 July 2018

23 July 2018

Better Capital PCC Limited 2012 Cell

Further Update Re: Sale of Northern Aerospace Limited

Further to the announcement of 9 July 2018, BECAP12 GP Limited has informed Better Capital PCC Limited as below.

Permission to complete the sale was finally obtained on 19 July 2018, as the Secretary of State confirmed that no public interest consideration to which he is able to have regard is relevant to a consideration of the transaction. As a result, the Initial Enforcement Order that previously prevented completion from occurring ceased to have effect. The parties have entered into a binding legal agreement to complete the proposed transaction on or prior to Tuesday 24 July 2018.

The proceeds attributable to BECAP12 Fund LP, net of management share and costs, and in addition to the cash at bank and remaining receivable from the CAV Aerospace Limited warranty claim is materially in line with the current NAV, of GBP60 million.

A further announcement will be made in regards to a distribution to the 2012 Shareholders in due course.

This announcement contains information that is inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.

For further information, please contact:

 
 Better Capital PCC Limited 
  Norman Amey (Administrator and Company 
  Secretary)                                +44 (0)1481 742 742 
 Numis Securities Limited 
  Nathan Brown                              +44 (0)20 7260 1000 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISGMGZNNGDGRZM

(END) Dow Jones Newswires

July 23, 2018 02:00 ET (06:00 GMT)

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