LWT Loudwater

TIDMLWT

RNS Number : 0083W

Loudwater Trust Limited

23 January 2012

23(rd) January 2012

LOUDWATER TRUST LIMITED

("LOUDWATER" OR "THE COMPANY")

RETURN OF CAPITAL - B SHARE ISSUE

Loudwater Trust Limited, the closed-ended investment company, is pleased to announce that following the sale of the Company's investment in City Financial Investment Company Limited, the Board of Directors have approved a return of GBP2.5 million of capital to shareholders, equating to approximately 4.15 pence per share.

The capital will be returned by way of a bonus issue of B shares to shareholders pro rata to shareholders' existing holdings of ordinary shares in the capital of the Company. The B shares will be issued to shareholders on the Company's register on the record date of 3 February 2012 and will have an ex-date of 1 February 2012.

Following their issue, the Directors are expected to consider the redemption of the issued B shares on or around 6 February 2012. A subsequent announcement will then be released confirming the decision of the Board.

The Company's investing policy is to return the cash proceeds of all realisations to investors, subject to the retention of sufficient cash for follow-on investments in existing portfolio companies where the Investment Adviser believes further funding is required.

-ends-

For further information

 
 Loudwater Investment 
  Partners Limited 
 Charles Somerset                           +44 (0)20 3372 6400 
 
 Panmure Gordon (UK) Limited 
 Andrew Potts                               +44 (0)20 7459 3600 
 

Note

http://www.loudwatertrust.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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