ICG-Longbow Snr Sec UK Prop DebtInv Return of Capital and NAV (5682L)
13 Septiembre 2021 - 04:14AM
UK Regulatory
TIDMLBOW
RNS Number : 5682L
ICG-Longbow Snr Sec UK Prop DebtInv
13 September 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE
REPUBLIC OF SOUTH AFRICA OR JAPAN.
This announcement is released by ICG-Longbow Senior Secured UK
Property Debt Investments Limited and contains inside information
for the purposes of the UK version of the Market Abuse Regulation
(EC No. 594/2014).
13 September 2021
ICG-Longbow Senior Secured UK Property Debt Investments Limited
(the Company)
Return of Capital and NAV
As announced on the 5th August 2021 the Company has received
repayment in full of the GBP5.7 million Halycon loan, following a
refinancing of the portfolio securing the loan. The repayment was
accompanied by interest and fees of approximately GBP0.1 million in
aggregate. Additionally, the Company has received a partial GBP1.7
million prepayment of the Quattro loan, following a refinancing of
one of the portfolio properties. The Board of Directors of the
Company is consequently pleased to announce that it has resolved to
return an amount of 5.50 pence per ordinary share to shareholders,
being GBP6,671,653 in total based on the current number of ordinary
shares in issue. This return of capital will be effected by way of
an issue of redeemable B shares to existing shareholders pro rata
to their shareholding on the record date set out below and the
subsequent redemption of those B shares.
The Company announces that the estimated unaudited net asset
value per ordinary share as at 31 July 2021 was 98.21 pence per
ordinary share. The estimated unaudited net asset value per
ordinary share as at 31 July as adjusted for the return of capital
would be 92.71 pence per ordinary share.
It is expected that the timetable for the return of capital will
be as follows:
Ex-date 16-Sep-21
Record date for shareholders on the register 17-Sep-21
to receive B shares
121,302,779 B shares issued pro-rata 20-Sep-21
to shareholders on the register as at
the record date
121,302,779 B shares redeemed at 5.50 24-Sep-21
pence per share and cancelled
Cheques in relation to the redemption 30-Sep-21
payment sent to shareholders that hold
their shares in certificated form
Redemption payment made through CREST 30-Sep-21
to shareholders who hold their shares
in uncertificated form
All redemption payments will be paid gross of tax.
For further information, please contact:
Ocorian Administration (Guernsey) Limited
Louise Manklow +44 (0)14 8174 2742
Cenkos Securities:
Will Rogers
Will Talkington +44 (0)20 7397 1920
Maitland Consultancy Limited:
Vikki Kosmalska +44 (0)20 7379 5151
ICG Real Estate
Martin Wheeler +44 (0)20 3201 7502
David Mortimer +44 (0)20 3201 7532
Further information on the Company can be found on its website
at http://www.lbow.co.uk .
ICG Longbow LEI: 2138008BKBH3OP2CA764
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END
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