SVI Svg Cap.

TIDMSVI

RNS Number : 9701Z

SVG Capital PLC

20 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 20 March 2017

Net Asset Value update

   --     Net asset value per share of 727p (as at 6 March 2017) 
   --     Increase in net asset value per share reflects: 
   --     Accretion from GBP300 million tender offer that closed in February 2017 
   --     Sale of remaining unquoted company at a small uplift to cost 
   --     Reduction in current, estimated costs associated with the winding up of the Company 
   --     The current GBP400 million tender offer is priced at 715p per share 

-- Absent any other changes to the Company's net asset value, the Company expects the residual net asset value per share to be enhanced following the completion of the tender offer

-- A winding up resolution is expected to be proposed to Shareholders on or after 31 May 2017 at which point the Company's shares are likely to be de-listed

-- Distributions are expected to be made as part of the liquidation of the Company from Q3 2017. The amount and timing of any distribution in the winding up of the Company is not assured

For further information, please contact:

SVG Capital plc 020 3457 0000

Stuart Ballard or Alice Kain

Maitland 020 7379 5151

Neil Bennett/Tom Eckersley

Copies of the press release and other corporate information can be found on the company website at: www.svgcapital.com.

Forward-looking statements - this announcement contains certain forward-looking statements with respect to the portfolio of investments of SVG Capital. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. Nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NAVFMGZFFGZGNZM

(END) Dow Jones Newswires

March 20, 2017 13:00 ET (17:00 GMT)

SVG Capital (LSE:SVI)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024

SVG Capital (LSE:SVI)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024