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LBOW ICG Longbow Senior Secured UK Property Debt Investments News Story

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

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RNS Number : 8029O  ICG-Longbow Snr Sec UK Prop DebtInv  27 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR
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).]

    27 June 2025

 

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

Return of Capital and NAV

As announced on 29 May 2025, the Company exchanged contracts to sell the
property securing the Affinity loan. This sale has now completed, and the
Company received net consideration of £10.1 million, of which approximately
£9.7 million should be treated as net capital receipts from the sale (net of
costs), and the balance of £0.4 million as income receipts from tenant rents.

The Board of Directors of the Company are consequently pleased to announce
that it has resolved to return an amount of 8.00 pence per ordinary share to
shareholders, being £9,704,222 in total based on the current number of
ordinary shares in issue. This distribution is broadly in line with the
capital receipts received from the sale and leaves sufficient cash to meet
obligations over the medium term. 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 30 April 2025
was 27.03 pence per ordinary share. The estimated unaudited net asset value
per ordinary share as at 30 April 2025 as adjusted for the return of capital
would be 19.03 pence per ordinary share.

Post the return of capital, the Company will have returned an amount of 52.9
pence per ordinary share to shareholders, being £64,169,169 in total.

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

 Ex-date                                                                         3-July-25

 Record date for shareholders on the register to receive B shares                4-July-25

 121,302,779 B shares issued pro-rata to shareholders on the register as at the  7-July-25
 record date

 121,302,779 B shares redeemed at 8.00 pence per share and cancelled             11-July-25

 Cheques in relation to the redemption payment sent to shareholders that hold    18-July-25
 their shares in certificated form

 Redemption payment made through CREST to shareholders who hold their shares in  18-July-25
 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

 Cavendish Capital Markets Limited:
 Robert Peel           +44 (0)20 7220 0572

 Hamish Kennett        +44 (0)20 7397 1913

 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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