Loudwater Trust Limited RETURN OF CAPITAL - B SHARE ISSUE (2602N)
04 Septembre 2013 - 6:06PM
UK Regulatory
TIDMLWT
RNS Number : 2602N
Loudwater Trust Limited
04 September 2013
4 September 2013
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 previous announcement on 4
September 2013, the Board of Directors has approved a return of
approximately GBP11.1m of capital to shareholders, equating to 18.4
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 13 September 2013 and will have an ex-date of 11 September
2013.
Following their issue, the Directors are expected to consider
the redemption of the issued B shares on or around 1 October. A
subsequent announcement will then be released confirming the
decision of the Board.
-ends-
For further information
Loudwater Investment
Partners Limited
Edward Forwood +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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