REG - APQ Global Limited - Result of Tender Offer for CULS

APQ GlobalAnnouncement

20/04/2023 10:00

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RNS Number : 9026W  APQ Global Limited  20 April 2023

20 April 2023

APQ Global Limited

("APQ Global" or the "Company")

Result of Tender Offer for CULS

 

APQ Global Limited, a company incorporated in Guernsey, announces the results
of the tender offer made by the Company to holders of the Company's 3.5 per
cent. convertible loan stock 2024 (the "CULS") for 100 per cent. of their
holding of CULS for cash (the "Tender Offer") as set out in the circular
published by the Company on 3 April 2023 (the "Circular").

 

80 units of CULS, representing approximately 1.33 per cent. of the Company's
issued CULS, were validly tendered under the Tender Offer. 80 units CULS will
therefore be purchased by the Company pursuant to the Tender Offer for £2,500
per unit of £5,000 nominal CULS (the "Tender Price") at a total cost of
approximately £0.2 million.

 

As set out in the Circular, CULS Holders who successfully elected to tender
their CULS will also be entitled to receive a final payment of interest on
their CULS for the period from 1 April 2023 to 4 May 2023. It is anticipated
that the proceeds payable to CULS holders who tendered CULS are held through
CREST accounts will be made on 5 May 2023 and that cheques for the
certificated CULS purchased under the Tender offer will be received by 12 May
2023.

 

Capitalised terms in this announcement, unless otherwise defined, have the
same meanings given to them in the Circular. The Circular is available to view
on the Company's website at www.apqglobal.com.

 

- End -

For further enquiries, please contact:

 APQ Global Limited                                     020 3478 9708
 Bart Turtelboom, Chief Executive Officer
 Wayne Bulpitt, Non-Executive Chairman

 Singer Capital Markets - Nominated Adviser and Broker  020 7496 3000
 James Maxwell / Justin McKeegan

 Carey Group - TISE sponsor                             01481 737 279
 Claire Torode

 Investor Relations

                IR@APQGlobal.com

 

Notes to Editors

APQ Global Limited

APQ Global (ticker: APQ LN) is an emerging markets 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 1  (#_ftn1) . 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.

(1) Where we refer to revenue from income generating operating activities this
relates to the revenue of our investee companies.

 

(#_ftnref1)

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