SVI Svg Cap.

TIDMSVI

RNS Number : 0679Z

SVG Capital PLC

10 March 2017

SVG Capital plc

Kean House

6 Kean Street

London WC2B 4AS

Tel +44 (0)20 3457 0000

Fax +44 (0)20 3457 0009

www.svgcapital.com

Press Release

For immediate release 10 March 2017

Announcement of Posting of Circular and opening of Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

SVG Capital (the "Company") is today posting a Circular to Shareholders containing details of the third tender offer of up to GBP400 million

Highlights

-- Series of tender offers (and associated repurchases) to return up to GBP1,050 million to shareholders; total return to shareholders of approximately GBP1,118 million through tender offers (and associated repurchases) and subsequent winding up

   --     First tender offer of GBP350 million priced at 715p per share closed on 16 December 2016 
   --     Second tender offer of GBP300 million priced at 715p per share closed on 21 February 2017 
   --     Third and final tender offer of up to GBP400 million priced at 715p per share 

-- Reduction of Capital (to create sufficient distributable reserves for the third tender offer) was made effective by registration with Registrar of Companies on 2 March 2017

Summary Timetable

   --     Tender Offer opens: 10 March 2017 

-- Latest time and date for receipt of Tender Forms and share certificates in relation to the Tender Offer: 3.00 p.m. on 7 April 2017

-- Latest time and date for receipt of TTE instructions in relation to the Tender Offer: 3.00 p.m. on 7 April 2017

   --     Tender Offer Record Date:  6.00 p.m. on 7 April 2017 
   --     Announcement of results of the Tender Offer:  7.00 a.m. on 10 April 2017 

A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk

A copy of the Circular is now available to view on the Company's website at: www.svgcapital.com

For further information, please contact:

SVG Capital plc 020 3457 0000

Stuart Ballard

Maitland 020 7379 5151

Neil Bennett/Tom Eckersley

This information is provided by RNS

The company news service from the London Stock Exchange

END

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