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 |
---|---|---|---|---|---|
Highbridge Tactical Credit Fund Limited | LSE:HTCF | London | Ordinary Share | GG00BNW1QK33 | ORD NPV GBP |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 425.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMHTCF
RNS Number : 5562R
Highbridge Tactical Credit Fund Ltd
05 November 2021
HIGHBRIDGE TACTICAL CREDIT FUND LIMITED
(the "Company")
Registration No. 44704
Registered Office:
SARNIA HOUSE, LE TRUCHOT, ST PETER PORT,
GUERNSEY GY1 1GR
TELEPHONE: +44 1481 737600
FACSIMILE: +44 1481 749829
5 November 2021
RETURN OF CAPITAL TO SHAREHOLDERS
The Company today announces that it will return GBP15,475,575.30 (equivalent to GBP2.30 per share) on 15 November 2021 (the "Redemption Date") by way of a compulsory partial redemption of ordinary shares of NPV ("Shares") ( the "Redemption").
The Redemption will be effected at GBP2.7417, being the NAV per Share as at 30 September 2021 and pro rata to holdings of Shares on the register at the close of business on the Redemption Record Date, being 15 November 2021. As at today's date, the Company has 6,728,511 Shares in issue of which nil are held held in treasury. On this basis approximately 83.89 percent. of each registered shareholding would be redeemed on the Redemption Date.
Fractions of shares will not be redeemed and so the number of shares to be redeemed for each shareholder will be rounded down to the nearest whole number of shares.
All shares that are redeemed will be cancelled with effect from the relevant Redemption Date.
The Shares will all be disabled in CREST after close of business on the Redemption Date and the existing ISIN number GG00BL6KH658 (the "Old ISIN") will expire.
The new ISIN number GG00BMF0J347 (the "New ISIN") in respect of the remaining Shares which have not been redeemed will be enabled and available for transactions from and including 16 November 2021.
Up to and including the Redemption Date, Shares will be traded under the Old ISIN and as such, a purchaser of such Shares would have a market claim for a proportion of the redemption proceeds. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.
Voting Rights as at 16 November 2021
Following the Redemption, the issued share capital of the Company will be 1,084,072 Shares, of which nil will be held in treasury.
Accordingly, the figure of 1,084,072 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.
The Board anticipates that the Company will receive future distributions from the Master Fund such that further share redemptions may be declared on a quarterly basis. However, shareholders should note that the Board retains absolute discretion as to the execution, pricing and timing of any returns of capital.
Expected timetable for redemption:
Posting of redemption notice 5/11/2021
Record Date, Redemption Date and expiry of old ISIN number 15/11/2021
New ISIN number enabled 16/11/2021
Redemption monies paid to uncertificated holdings and 23/11/2021
certificated holdings
LEI: 213800397SYHLYFH5961
Enquiries:
Company Registrar
JTC Group
Office: +44 (0) 1481 711301
Company Secretary and Administrator
Praxis Fund Services Limited
Office: +44 (0) 1481 737600
Broker
finnCap
DDI: +44 (0) 20 7220 0557
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCDKPBKOBDDBDK
(END) Dow Jones Newswires
November 05, 2021 13:05 ET (17:05 GMT)
1 Year Highbridge Tactical Credit Chart |
1 Month Highbridge Tactical Credit 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