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 |
---|---|---|---|---|---|
River And Mercantile Group Plc | LSE:RIV | London | Ordinary Share | GB00BLZH7X42 | ORD GBP0.003 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 49.40 | 50.00 | 51.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRIV
RNS Number : 2338G
River and Mercantile Group PLC
25 May 2017
25 May 2017
River and Mercantile Group PLC ("the Company")
River and Mercantile UK Micro Cap Investment Company Limited
River and Mercantile Group PLC ("the Company") announces that it has been informed by the Board of River and Mercantile UK Micro Cap Investment Company Limited ("RMMIC") that RMMIC intends to implement a partial compulsory redemption of shares in RMMIC in accordance with the prospectus published at the time of RMMIC's IPO in November 2014. RMMIC intends to return approximately GBP15 million, less the costs of the redemption, to its shareholders at a price based on RMMIC's NAV per share at the close of business on 19 May 2017. Further detail of the RMMIC partial compulsory redemption is available in the RMMIC RNS of 24 May 2017 (RNS Number 1455G).
The Company's subsidiary River and Mercantile Asset Management LLP ("RAMAM") is the appointed investment manager of RMMIC. RAMAM is entitled to receive a performance fee based on the amount by which RMMIC's investment portfolio outperforms the total return of its benchmark when RMMIC implements a compulsory redemption of shares. Accordingly, as a result of the substantial outperformance delivered for shareholders of RMMIC, RAMAM is due to receive a performance fee of GBP4.92 million in June 2017, following the compulsory redemption of the RMMIC shares.
The information communicated in this RNS is inside information.
Sally Buckmaster
Company Secretary
River and Mercantile Group PLC
For further information please contact:
River and Mercantile Group PLC +44 (0)20 3327 5100
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUVOKRBVAVURR
(END) Dow Jones Newswires
May 25, 2017 05:40 ET (09:40 GMT)
1 Year River And Mercantile Chart |
1 Month River And Mercantile 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