Craven House Capital PLC Notice of General Meeting (3351X)
August 09 2018 - 5:02AM
UK Regulatory
TIDMCRV
RNS Number : 3351X
Craven House Capital PLC
09 August 2018
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Craven House Capital Plc
("Craven House" or the "Company")
Notice of General Meeting
The Company announces that it has today posted a Circular and
Notice of General Meeting ("GM") to shareholders of the Company.
The GM will be held at 3.00pm on 24 August 2018, at 60 Cannon St,
London, EC4N 6JP.
The General Meeting is being held for the purpose of considering
and, if thought fit, approving a resolution to grant the Company
the general and unconditional authority to purchase and cancel its
own ordinary common shares ("Ordinary Shares") within the meaning
of Section 693 of the Companies Act 2006 (the "Share
Buy-Back").
The Company's share price continues to trade at a significant
discount to the Company's most recently published Net Asset Value
per share. Management have therefore determined that it is in the
best interests of shareholders that the Company be provided the
flexibility to buy its own shares as it continues to seek to
allocate capital in the most efficient manner.
The Company is therefore seeking shareholder approval to
authorise the directors of the Company to buy up to $5,000,000 of
Craven House Ordinary shares, up to a maximum price of up to $10.00
per share, as funds become available, for the purpose of cancelling
the shares.
The Directors and Investment Manager have confirmed that they do
not intend to sell any shares to the Company should the Company
utilise the buyback authority.
Should the authority to make market purchases of its Ordinary
Shares be granted, the Company will announce details of any share
purchases in due course.
An electronic copy of the Notice of GM will also be made
available on the Company's website www.cravenhousecapital.com
Ends
For further information please contact:
Craven House Capital Plc Tel: 0203 286 8130
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Limited Tel: 0203 368 3550
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
About Craven House Capital:
The Company's Investing Policy is to invest in or acquire a
portfolio of companies, partnerships, joint ventures, businesses or
other assets globally in any geographic jurisdiction. The company
will invest in both developed and developing markets providing long
term patient capital and is often involved in special situations,
restructuring, expansion and turn around investments in crisis and
transitioning economies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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