Result of Tender Offer and Issue
18/07/2023 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230718:nRSR2943Ga&default-theme=true
RNS Number : 2943G Investment Company PLC 18 July 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, ITS TERRITORIES AND
POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA
(COLLECTIVELY, THE "UNITED STATES"), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR
DISTRIBUTION WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR
CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY
PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN THE
INVESTMENT COMPANY PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS
ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE
RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF THE
INVESTMENT COMPANY PLC.
The information contained within this announcement is considered by The
Investment Company plc to constitute inside information pursuant to Article 7
of EU Regulation No. 596/2014 as it forms part of domestic law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via a Regulatory Information Service, this inside information
will be considered to be in the public domain.
18 July 2023
The Investment Company plc
(the "Company")
LEI: 2138004PBWN5WM2XST62
Result of Tender Offer and Issue
The Board of The Investment Company plc confirms that 3,980,664 Ordinary
Shares were validly tendered pursuant to the Tender Offer, constituting 83.4%
of the existing issued share capital of the Company. In addition, the Company
has received total commitments of approximately £3.6 million pursuant to the
Placing, Offer for Subscription and Intermediaries Offer.
The Issue Price and Tender Price will be calculated on the Calculation Date,
being on or around 6.00 p.m. on 18 July 2023 and, in accordance with the
indicative timetable, an announcement will be made on 19 July 2023.
Capitalised terms used in this announcement shall have the meanings given in
the Prospectus referred to above which is available on the Company's website
https://theinvestmentcompanyplc.co.uk/
(https://theinvestmentcompanyplc.co.uk/)
Expected Timetable
2023
Calculation Date 6.00 p.m. on 18 July
Announcement of the Tender Price and Issue Price and confirmation of the 19 July
cancellation of the share premium account and capital redemption reserve, if
approved, by the Court
Repurchase of Ordinary Shares pursuant to the Tender Offer and issue of 26 July
Ordinary Shares pursuant to the Issue
Admission and dealings in new Ordinary Shares commence 8.00 a.m. on 26 July
CREST accounts credited with uncertificated Ordinary Shares in respect of the 26 July
Issue
Where applicable, definitive Ordinary Share certificates in respect of the 31 July
Ordinary Shares issued pursuant to the Issue despatched by post in the week
commencing*
* Underlying Applicants who apply to Intermediaries for Ordinary Shares under
the Intermediaries Offer will not receive Ordinary Share certificates.
The dates and times specified in the timetable above are subject to the
satisfaction of the Continuation Conditions and are subject to change without
further notice. All references to times in this announcement are to London
time unless otherwise stated. Any changes to the expected Issue timetable will
be notified by the Company through a Regulatory Information Service.
Enquiries
The Investment Company +44 (0) 20 3934 6630
Ian Dighé, Chairman
info@theinvestmentcompanyplc.co.uk
Singer Capital Markets - Corporate Broker +44 (0)20 7496 3000
James Moat / Alex Bond / James Fischer
ISCA Administration Services Limited +44 (0) 1392 487056
Company Secretary
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END RTEEAEXXFAEDEAA