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

ICG Longbow Senior Secured UK Property Debt InvestmentsAnnouncement

26/01/2023 07:00

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RNS Number : 8939N  ICG-Longbow Snr Sec UK Prop DebtInv  26 January 2023

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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).

  26 January 2023

 

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

Return of Capital and NAV

As announced on the 16(th) January 2023 the Company has received repayment in
full of the remaining £6.47 million balance of the LBS loan, following a
refinancing of the underlying property. The repayment is accompanied by
interest and fees of approximately £0.3 million in aggregate. 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 £6,671,653 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 estimated unaudited net asset value per ordinary share as at 31 October
2022 was 66.45 pence per ordinary share. The estimated unaudited net asset
value per ordinary share as at 31 October as adjusted for the return of
capital would be 60.95 pence per ordinary share.

Post the return of capital, the Company will have returned an amount of 37.50
pence per ordinary share to shareholders, being £45,488,542 in total.

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

 Ex-date                                                                         02-Feb-23

 Record date for shareholders on the register to receive B shares                03-Feb-23

 121,302,779 B shares issued pro-rata to shareholders on the register as at the  06-Feb-23
 record date

 121,302,779 B shares redeemed at 5.50 pence per share and cancelled             10-Feb-23

 Cheques in relation to the redemption payment sent to shareholders that hold    17-Feb-23
 their shares in certificated form

 Redemption payment made through CREST to shareholders who hold their shares in  17-Feb-23
 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 Talkington          +44 (0)20 7397 1910

 Daniel Balabanoff        +44 (0)20 7397 1909

 ICG Real Estate

 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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