Brookwell Limited Redemption of Shares (7054G)
June 10 2013 - 11:35AM
UK Regulatory
TIDMBKWD
RNS Number : 7054G
Brookwell Limited
10 June 2013
Brookwell Limited
Notice of compulsory partial redemption of Participating
Redeemable Preference Shares ("Shares")
In accordance with the Company's Articles of Incorporation,
Brookwell Limited (the "Company") has today sent a notice to
shareholders that it will return GBP0.7m to holders of D Shares on
28 June 2013 ("the redemption date") in a pro rata redemption of
Shares. The redemption will be effected pro rata to holders of D
Shares on the register at the close of business on the redemption
date and the redemption price of the D Shares will be determined by
reference to the respective Net Asset Value per D Share at the
close of business on the day immediately preceding the redemption
date less any costs attributable to the redemption.
The amount to be applied to the partial redemption of D Shares
comprises the entirety of the cash balances received from disposals
of investments attributed to the D Class Fund less funds used or
required to settle liabilities attributable to the D Class Fund
(including any purchases of D Shares in the market).
The Company issued 16,424,372 D Shares in a placing in the first
quarter of 2011, of which 9,596,301 have been redeemed and
cancelled in the previous pro rata redemptions at an aggregate cost
of GBP7,199,957. No D Shares have been purchased in the market.
Therefore as at the date of this announcement, the Company has
6,828,071 Shares in issue. All of the D Shares redeemed will be
cancelled.
The D Shares will be disabled in CREST on the redemption date
and the existing ISIN number G00B93MYG96 will expire on the
redemption date, with a new ISIN number GG00BBH7KD38 available for
transactions on the next business day.
Copies of the notice sent to shareholders are available from the
Company's website www.brookwelllimited.com
For further information please contact:
Brookwell Limited
Tom Lancaster-King Tel: 01481 726 034
Progressive AIM Realisation Limited (Investment manager)
Robert Legget Tel: 020 7566 5550
Deloitte Corporate Finance (Nominated adviser)
James Lewis / Paul Zimmerman Tel: 020 7936 3000
Marshall Securities Limited (Broker)
John Webb Tel: 020 7490 3788
10 June 2013
Website: www.brookwelllimited.com
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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