REG - ICG-Longbow Senior - Return of Capital and NAV

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

18/05/2022 10:15

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RNS Number : 9410L  ICG-Longbow Snr Sec UK Prop DebtInv  18 May 2022

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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).

 18 May 2022

 

ICG-Longbow Senior Secured UK Property Debt Investments Limited (the Company)

Return of Capital and NAV

 

As announced on the 26th April 2022 the Company has received repayment in full
of the remaining £6.0 million balance of the Quattro loan, following a
refinancing of the security portfolio.  The repayment is accompanied by
interest and fees of approximately £0.5 million in aggregate. The Board of
Directors of the Company is consequently pleased to announce that it has
resolved to return an amount of 6.00 pence per ordinary share to shareholders,
being £7,278,167 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 estimated unaudited net asset value per ordinary share as at 31 January
2022 was 72.35 pence per ordinary share. The estimated unaudited net asset
value per ordinary share as at 31 January as adjusted for the return of
capital would be 66.35 pence per ordinary share.

 

Post the return of capital, the Company will have returned an amount of 32.00
pence per ordinary share to shareholders, being £38,816,889 in total.

 

It is expected that the timetable for the return of capital will be as
follows:

 

 Ex-date                                                                         26-May-22

 Record date for shareholders on the register to receive B shares                27-May-22

 121,302,779 B shares issued pro-rata to shareholders on the register as at the  30-May-22
 record date

 121,302,779 B shares redeemed at 6.00 pence per share and cancelled             6-Jun-22

 Cheques in relation to the redemption payment sent to shareholders that hold    13-Jun-22
 their shares in certificated form

 Redemption payment made through CREST to shareholders who hold their shares in  13-Jun-22
 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                                        +44 (0)20 7397 1920

 Will Talkington

 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 (http://www.lbow.co.uk/) .

ICG Longbow LEI: 2138008BKBH3OP2CA764

 

 

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