Loudwater Trust Limited RETURN OF CAPITAL - B SHARE ISSUE (6020E)

TIDMLWT

RNS Number : 6020E

Loudwater Trust Limited

13 May 2013

13(th) May 2013

LOUDWATER TRUST LIMITED

("LOUDWATER" OR "THE COMPANY")

RETURN OF CAPITAL - B SHARE ISSUE

Loudwater Trust Limited, the closed-ended investment company, is pleased to announce that the Board of Directors has approved a return of GBP903,500 of capital to shareholders, equating to approximately 1.5 pence per share.

The capital will be returned by way of a bonus issue of B shares to shareholders pro rata to shareholders' existing holdings of ordinary shares in the capital of the Company. The B shares will be issued to shareholders on the Company's register on the record date of 24 May 2013 and will have an ex-date of 22 May 2013.

Following their issue, the Directors are expected to consider the redemption of the issued B shares on or around 28 May 2013. A subsequent announcement will then be released confirming the decision of the Board.

The Company's investing policy is to return the cash proceeds of all realisations to investors, subject to the retention of sufficient cash for follow-on investments in existing portfolio companies where the Investment Adviser believes further funding is required.

-ends-

For further information

 
 Loudwater Investment 
  Partners Limited 
 Edward Forwood                             [phone] 
 
 Panmure Gordon (UK) Limited 
 Andrew Potts                               [phone] 
 

Note

http://www.loudwatertrust.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCNKNDKABKDDPD