TIDMCHRY
RNS Number : 3168P
Chrysalis Investments Limited
17 February 2021
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than to professional investors in the Republic of Ireland),
Canada, Australia, Japan or the Republic of South Africa.
17 February 2021
Chrysalis Investments Limited (the "Company")
Notice of AGM and Notice of EGM
Placing Programme and Appointment of Joint Broker
The Company is pleased to confirm that it will shortly be
posting its notice of Annual General Meeting ("AGM") to
Shareholders. The AGM will be held at 3rd Floor, 1 Le Truchot, St
Peter Port, Guernsey GY1 1WD on 8 March 2021 at 09:00 am.
In addition, the Company will also be posting a circular and
notice of an extraordinary general meeting ("EGM") which will be
held on the same day and the same venue as the AGM at 09:30 am, or,
if later, as soon as possible after the AGM shall have been
concluded or adjourned (the AGM and EGM together being the
"Meetings").
The business of the EGM is to seek shareholder authority to
issue up to 600 million ordinary and/or C shares without regard to
the pre-emption rights set out in the Company's articles in respect
of a proposed placing programme (the "Placing Programme"). The
Company intends to publish a prospectus in March 2021 giving
further information about the Placing Programme.
The AGM and EGM notices, together with accompanying proxy-voting
forms, will be submitted to the National Storage Mechanism today
and will be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and will
also be available on request from the Company at its registered
office and on the Company's website at
http://chrysalisinvestments.co.uk .
Rationale for the Placing Programme
At the time of the Company's IPO in November 2018, the Company
put in place a placing programme. Since that time, the Company has
undertaken a number of capital raises utilising that programme
authority at a premium to prevailing NAV per share. The Company has
successfully invested the proceeds of each capital raise in a
timely manner which has allowed it to add compelling new
investments to its portfolio, helping to drive value and increase
diversification, as well as enabling it to pursue follow-on
opportunities which have underpinned its strong overall portfolio
performance.
Merian Global Investors (UK) Limited, the Company's Investment
Adviser, has a strong pipeline of investment opportunities totaling
ca.GBP1 billion and has identified potential follow-on
opportunities of up to ca. GBP250m that may be available over the
coming months. Accordingly, the Board believes that seeking
approval of the new Placing Programme to enable the Company to
raise further capital will put it in a strong position to take
advantage of the compelling pipeline and available follow-on
opportunities.
Joint Broker Appointment
The Company is pleased to announce the appointment of Numis
Securities Limited as joint Corporate Broker with immediate effect,
working alongside the Company's existing Corporate Broker, Liberum
Capital Limited.
-ENDS-
For further information, please
contact:
Jupiter Asset Management:
Magnus Spence +44 (0) 20 3817 1325
Liberum: +44 (0) 20 3100 2000
Gillian Martin / Owen Matthews
Numis:
Nathan Brown / Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Elaine Smeja / Aimee Gontier +44 (0) 1481 749364
Media Enquiries:
Montfort Communications +44 (0) 20 3770 7920
Charlotte McMullen / Toto Reissland-Burghart Chrysalis@montfort.london
/ Miles McKechnie
LEI: 213800F9SQ753JQHSW24
IMPORTANT INFORMATION
A copy of this announcement will be available on the Company's
website at http://chrysalisinvestments.co.uk . Neither the content
of the Company's website, nor the content on any website accessible
from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless
previously published by means of a recognised information service,
should any such content be relied upon in reaching a decision as to
whether or not to acquire, continue to hold, or dispose of,
securities in the Company.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the
Company.
Recipients of this announcement who are considering acquiring
shares following publication of the prospectus are reminded that
any such acquisition must be made only on the basis of the
information contained in the prospectus which may be different from
the information contained in this announcement. The subscription
for shares is subject to specific legal or regulatory restrictions
in certain jurisdictions. Persons distributing this announcement
must satisfy themselves that it is lawful to do so. The Company
assumes no responsibility in the event that there is a violation by
any person of such restrictions.
This announcement may not be published, distributed or
transmitted by any means or media, directly or indirectly, in whole
or in part, in or into the United States. This document does not
constitute an offer to sell, or a solicitation of an offer to buy,
securities in the United States. The securities mentioned herein
have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended or with any securities
regulatory authority of any state or other jurisdiction of the
United States. The Company has not been, and will not be,
registered under the U.S. Investment Company Act of 1940, as
amended.
Neither this announcement nor any copy of it may be: (i) taken
or transmitted into or distributed in any member state of the
European Economic Area (other than to professional investors in the
Republic of Ireland), Canada, Australia, Japan or the Republic of
South Africa or to any resident thereof, or (ii) taken or
transmitted into or distributed in Japan or to any resident
thereof. Any failure to comply with these restrictions may
constitute a violation of the securities laws or the laws of any
such jurisdiction. The distribution of this announcement in other
jurisdictions may be restricted by law and the persons into whose
possession this document comes should inform themselves about, and
observe, any such restrictions.
COVID-19 Pandemic
The Company is continuing to monitor developments relating to
the Covid-19 pandemic, including legislation issued by the UK and
Guernsey governments and the related public health guidance. As the
Company prioritises the health and wellbeing of all stakeholders,
the Company will make the necessary arrangements such that the
legal requirements to hold the meeting are satisfied through the
attendance of the minimum number of members present in person or by
proxy in order to ensure a quorate meeting. The Board recognise the
importance of the Meetings to shareholders and wish to ensure that
you are able to exercise your rights to participate in the Meetings
through voting. Details of how to submit your proxy vote by post,
by email or through CREST are set out in the Circular.
Under the current travel restrictions in place in Guernsey we
would recommend that Shareholders appoint the Chairman to represent
their votes at the respective Meetings. This is an evolving
situation therefore, if restrictions change that affect the format
of the Meetings the Company will communicate this to shareholders
via the Company's website and an RIS announcement.
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END
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