EIH PLC Sale of RSB and Return of Capital (2025V)
April 04 2019 - 12:00PM
UK Regulatory
TIDMEIH
RNS Number : 2025V
EIH PLC
04 April 2019
EIH plc ("EIH" or the "Company")
Sale of RSB and Return of Capital
The Board of Directors of EIH is pleased to announce that
following the sale of RSB Group ("RSB") and pending the imminent
receipt by the Company of a distribution from EIF-Coinvest VII of
US$ 5.24 million, in relation to its shareholding in RSB, the Board
has resolved to make a capital distribution of US$0.08 per share,
equivalent to approximately US$ 5.16 million, to shareholders (the
"Distribution").
It is intended that the Distribution will be paid on 23 April
2019 to shareholders recorded on the register at the close of
business on 12 April 2019. The shares will be marked ex on 11 April
2019.
It is anticipated that a further distribution will be announced
within a month, following the expected receipt of a distribution
from Evolvence India Fund ("EIF"). The further distribution is
expected to include the proceeds from the RSB sale in respect of
EIF's shareholding in RSB.
For further information, please contact:
EIH plc
Rhys Davies
Tel: +41 (0) 796200215
N+1 Singer (Nominated Adviser)
James Maxwell
+44 (0)20 7496 3000
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
DISUSOVRKKASRAR
(END) Dow Jones Newswires
April 04, 2019 12:00 ET (16:00 GMT)
Eih (LSE:EIH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eih (LSE:EIH)
Historical Stock Chart
From Jul 2023 to Jul 2024