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| 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 |
From May 2019 to May 2024
TIDMBC12 TIDMBCAP
RNS Number : 1124E
Better Capital PCC Limited
02 July 2019
2 July 2019
Better Capital PCC Limited 2012 Cell
Distribution of Capital
Further to Better Capital PCC Limited's (the "Company") announcement on 1 April 2019 regarding the sale by Spicers-OfficeTeam ("SPOT") of two of its subsidiaries, the General Partner (the "GP") of BECAP12 Fund LP (the "2012 Fund") has advised that SPOT has made a repayment of GBP3.0 million to the 2012 Fund. The GP of the 2012 Fund has, in turn, authorised a payment to the Company's 2012 Cell from the proceeds of the sale.
Having considered the working capital requirements of the 2012 Cell, the directors of the Company today announce a fifth distribution of capital of 1.0 pence per ordinary share to the 2012 Shareholders. In line with the previous distributions, this distribution of GBP2.9 million will be treated by the Company as a reduction of share capital paid out of monies attributed to the "share capital account".
The five capital distributions (reductions of share capital) announced to date for the 2012 Cell total GBP99.6 million or 28.0 per cent. of funds raised.
Details of the distribution timetable are as follows:
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Premium
11 July 2019
* Ex-date 12 July 2019
19 July 2019
* Record date
* Pay date
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
MSCUAVNRKNABRAR
(END) Dow Jones Newswires
July 02, 2019 02:01 ET (06:01 GMT)
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