Better Capital PCC Limited Spicers-OfficeTeam - Partial Disposal (5749U)
April 01 2019 - 2:00AM
UK Regulatory
TIDMBC12 TIDMBCAP
RNS Number : 5749U
Better Capital PCC Limited
01 April 2019
Better Capital PCC Limited 2012 Cell
1 April 2019
Sale of Waterlow Business Supplies and Oyez Professional
Services
The General Partner of BECAP12 Fund LP ("Fund II") has informed
Better Capital PCC Limited (the "Company") that the portfolio
company Spicers-OfficeTeam ("SPOT") has sold two of its
subsidiaries, Waterlow Business Supplies and Oyez Professional
Services. The net proceeds achieved by SPOT were a significant
premium to the value attributed to these operations in the latest
financial statements of the Company and represent a substantial
proportion of the Company's carrying value of the SPOT
investment.
The intention is that SPOT will make a repayment to Fund II in
due course and a further announcement will in turn be made in
regards to a distribution to the 2012 Shareholders.
Enquiries:
Better Capital PCC Limited
Norman Amey (Administrator and Company
Secretary) +44 (0) 1481 742 742
Powerscourt
Justin Griffiths +44 (0) 20 7250 1446
Numis Securities
Nathan Brown +44 (0) 20 7260 1426
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END
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