EF Realisation Company Limited Compulsory Redemption Update (9607Q)

TIDMEFR

RNS Number : 9607Q

EF Realisation Company Limited

18 September 2017

18 September 2017

EF Realisation Company Limited

Compulsory Redemption Update

EF Realisation Company Limited (the "Company") announces that, in connection with the first capital distribution for the Company's shares (the "Shares"), announced on 4 September 2017, the Company has compulsorily redeemed 7,496,024 Shares at a price of 40.07 pence per share (the "Redemption"). This GBP3.0 million return of capital, equivalent to 5.7p per share, was implemented pursuant to the Company's Compulsory Redemption Mechanism, such that one in every seven Shares was redeemed, for cancellation, on a pro rata basis. Fractions of Shares produced by the applicable redemption ratios have not been redeemed and so the number of Shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of Shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of Shares held in uncertificated form) or by cheque (in the case of Shares held in certificated form) by 29 September 2017.

Following the Redemption the Company has 44,977,609 Shares in issue.

The new ISIN number GG00BF243Y95, in respect of the remaining Shares which have not been redeemed, will be enabled and available for transactions from 8.00 a.m. on 18 September 2017.

The above figure 44,977,609 may 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.

Unless otherwise defined, capitalised words and phrases in this announcement shall have the meaning given to them in the prospectus published by the Company on 22 August 2016.

Enquiries:

 
 BNP Paribas 
  Sarah Hendry, Company 
  Secretary                01481 750 822 
 Winterflood Investment 
  Trusts 
  Neil Langford 
  Chris Mills              020 3100 0000 
 Ecofin Limited 
  John Murray 
  Elspeth Dick             020 7451 2929 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 18, 2017 02:00 ET (06:00 GMT)