REG - APQ Global Limited - Proposed Increased Initial Payment to CULS Holders

APQ GlobalAnnouncement

26/09/2024 09:30

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RNS Number : 8090F  APQ Global Limited  26 September 2024

APQ Global Limited

 

("APQ Global" or the "Company")

 

Proposed Increased Initial Payment to CULS Holders

 

Further to the Circular to CULS Holders published by the Company on 6th
September 2024 (the "Circular") relating to proposals to amend the terms of
the CULS issued by the Company, and to the announcement of the Company dated
24th September 2024 setting out the Company's intention to make an Initial
Payment (as defined in that announcement), the Company has received feedback
from CULS Holders.

 

The Company now confirms that, subject to the passing of the Resolution to be
proposed at the meeting of CULS Holders convened for 30th September 2024, it
will increase the Initial Payment described in the announcement dated 24th
September 2024 from £2.0m ($2.7m), to £3.5m ($4.7m).

 

The additional cash to fund this increase arises from a review of the
Company's currency hedging policy, referred to in the previous announcement.

 

Terms used and not defined in this announcement shall have the meanings given
to them in the Circular.

 

- End -

 

 

For further enquiries, please contact:

 

 APQ Global Limited                                     020 3478 9708
 Bart Turtelboom

 Singer Capital Markets - Nominated Adviser and Broker  020 7496 3000
 James Maxwell/Sam Greatrex

 Suntera - TISE sponsor                                 01481 737 277
 Claire Torode

 Investor Relations

 IR@APQGlobal.com

 

Notes to Editors

 

APQ Global Limited

 

APQ Global (ticker: APQ LN) is an investment company incorporated in Guernsey.
The Company focuses its investment activities globally (in Asia, Latin
America, Eastern Europe, the Middle East, Africa and the Channel Islands,
particularly). The objective of the Company is to steadily grow its earnings
to seek to deliver attractive returns and capital growth through a combination
of building growing businesses as well as earning revenue from income
generating operating activities in capital markets. APQ Global run a
well-diversified and liquid portfolio, take strategic stakes in selected
businesses and plan to take operational control of companies through the
acquisition of minority and majority stakes in companies with a focus on
emerging markets. For more information, please visit apqglobal.com
(http://www.apqglobal.com/) .

 

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