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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September 13, 2021 05:14 ET (09:14 GMT)

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