REG - Amedeo Air Four Plus - Compulsory Redemption of Shares

Amedeo Air Four PlusAnnouncement

23/01/2025 07:00

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RNS Number : 3589U  Amedeo Air Four Plus Limited  23 January 2025

This announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulation (EU) No. 596/2014 which forms
part of domestic law in the United Kingdom pursuant to The European Union
Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

23 January 2025

AMEDEO AIR FOUR PLUS LIMITED (the "Company")

(LSE: AA4, LEI: 21380056PDNOTWERG107)

Return of Capital by a Partial Compulsory Redemption of Shares

The Board is pleased to announce a return of capital by way of a partial
compulsory redemption of shares.

As announced at the time of the Company's interim results in December 2024,
the Company has been conducting an exercise to ascertain its future cash
requirements, taking into account, inter alia, its reserves against the risk
of shortfalls in A380 values against loans outstanding. Following the
conclusion of this exercise, the Board has approved the distribution to
shareholders of an aggregate amount of £27.8 million by way of a compulsory
redemption (as described below).

Partial Compulsory Redemption of Shares

The Company intends to return to shareholders an aggregate amount of £27.8
million on 30 January 2025 (the "Redemption Date") for shareholders on the
register of members as at close of business on 30 January 2025 ("Record
Date"), by way of a partial compulsory redemption (the "Redemption") of the
ordinary shares ("Shares") in the capital of the Company.

Pursuant to the Redemption, the Company will redeem one Share for every seven
existing Shares of Shareholders on the register of members as at close of
business on the Record Date, resulting in the redemption of approximately
43,414,194 Shares in aggregate. Consequently, the Redemption will be effected
at 64.03 pence per Share. No fractions of Shares will be redeemed and the
number of Shares to be redeemed for each Shareholder will be rounded down to
the nearest whole number of Shares, as appropriate.

All redemption proceeds are expected to be paid in pounds sterling through
CREST.  Where Shares are held in certificated form, payment will be made by
cheque posted to the address of the registered holder.

Any share certificates for the balance of holdings of Shares will also be
despatched to shareholders on or around 13 February 2025. The Company
currently has 303,899,361 Shares in issue (none of which are held in
treasury). All of the Shares redeemed on the Redemption Date will be
cancelled. Accordingly, once redeemed, such Shares will be incapable of
transfer.

The Shares will be disabled in CREST on the Record Date and the existing ISIN
number GG00BNDVLS54 will expire. A new ISIN number GG00BQKNKR70 (the "New
ISIN") in respect of the remaining Shares which have not been redeemed will be
enabled and available for transactions on 31 January 2025. Any Shares which
have traded on or before the Record Date, but have not settled, will be
included in the Redemption. CREST will automatically transfer any open
transactions as at the Redemption Date to the New ISIN.

Shareholders should note that the Board retains absolute discretion as to the
execution, extent and timing of any further returns of capital.

Expected timetable:

 Redemption Record Date, Redemption Date   30 January 2025
 Redemption Ex-date and new ISIN enabled   31 January 2025
 Redemption Payment Date (on or around)    13 February 2025

For further information, please contact:

MUFG (Registrar)

+44 (0) 3716 640 300

JTC Fund Solutions (Guernsey) Limited

+44 (0) 1481 702 400

Panmure Liberum Limited

Chris Clarke / Darren Vickers

+44 (0) 20 3100 2000

About the Company

The Company is a Guernsey-domiciled company, with shares admitted to trading
on the Specialist Fund Segment of the London Stock Exchange's Main Market
(LSE: AA4).

The Company's investment objective is to obtain income returns and a capital
return for its Shareholders by acquiring, leasing and then selling aircraft.

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