REG - Literacy Capital PLC - B Share scheme return of capital

Literacy CapitalAnnouncement

10/11/2025 07:00

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RNS Number : 7655G  Literacy Capital PLC  10 November 2025

The information contained in this announcement is restricted and is not for
publication, release or distribution in the United States of America, any
member state of the European Economic Area, Canada, Australia, Japan or the
Republic of South Africa.

 

 

10 November 2025

Literacy Capital plc

 

B Share scheme return of capital

 

Literacy Capital plc ("Literacy", "BOOK", the "fund", or the "Company"), a
listed investment trust primarily focused on investing directly into private
businesses based in the UK, is pleased to announce that it has resolved to
make a first capital distribution of approximately £6 million to
Shareholders, under the Company's shareholder-approved B Share scheme (the "B
Share Return").

 

B Share Return

 

Pursuant to the B Share Return, B Shares of £1 each ("B Shares") will be
allotted and issued to all Shareholders by way of a bonus issue on the basis
of one B Share for every ten Ordinary Shares held at the Record Date of 6.00
p.m. on 12 November 2025. B Shares will be paid up from the Company's
distributable reserves.

 

The Company will not allot or issue any fractions of B Shares and entitlements
of each Shareholder will be rounded down to the nearest whole B Share.

 

The B Shares have only very limited rights. The rights and restrictions
attached to the B Shares are fully set out in Part 3 of the Company's circular
which was issued on 8 April 2024. Shareholders can find further details
relating to the B Shares in that circular which is available on Company's
website
at https://www.literacycapital.com/investors/reports-and-results/default.aspx
(https://www.literacycapital.com/investors/reports-and-results/default.aspx)
within the "2024" subsection, in the document titled "Notice of Annual General
Meeting".

 

The B Shares will be issued on 13 November 2025 and immediately redeemed at
£1 per B Share. The redemption date in respect of this B Share Return is
therefore 13 November 2025. The proceeds from the redemption of the B Shares
will be sent to uncertificated Shareholders through CREST or via cheque to
certificated Shareholders.

 

No share certificates will be issued for any B Shares allotted and no CREST
accounts will be credited with any such shares. No application will be made
for the B Shares to be admitted to trading on the Specialist Fund Segment of
the London Stock Exchange's main market for listed securities and the B Shares
will not be listed or admitted to trading on any other recognised investment
exchange.

 

The B Share Return will not be dilutive of any Shareholders' interest in the
Company (all existing Ordinary Shares will remain in issue), but will reduce
the Company's net assets by the amount returned.

 

Timetable for the B Share Return

 

It is expected that the timetable will be as follows:

 

 Record Date in respect of the B Share Return                              6.00 p.m. on 12 November 2025
 Issue and allotment of B Share in respect of the B Share Return           13 November 2025
 Redemption Date in respect of the B Share Return                          13 November 2025
 Payment date: (i) cheques posted to Shareholders; and (ii) CREST holders  By 24 November 2025
 credited with funds, in each case in respect of the B Share Return

 

 

-ENDS-

 

For further information, please contact:

 

Literacy Capital plc / Book Asset Management LLP

Richard Pindar / Aasha Tailor

+44 (0) 20 3960 0280

 

MHP Group

Reg Hoare / Ollie Hoare / Matthew Taylor

book@mhpgroup.com

+44 (0) 7817 458 804

 

Singer Capital Markets

Mark Bloomfield (Investment Banking)

Alan Geeves, James Waterlow, Sam Greatrex, William Gumpel (Sales)

+44 (0) 20 7496 3000

 

About Literacy Capital plc

 

Literacy Capital (BOOK.L) is a closed-end investment company that was
co-founded by Paul Pindar and Richard Pindar in 2017 with £54m of capital.
Literacy listed on the London Stock Exchange in June 2021, before gaining
Investment Trust status on 1 April 2022. The Company focuses on opportunities
to invest for the long-term in growing private businesses where a clear route
to creating additional value can be seen with its support.

 

It also has a unique charitable objective, to donate 0.5% of annual NAV to
charities focused on improving UK literacy in children. £12.4m has been
donated or reserved for donation to charities since the trust's creation in
2017. For more information, please visit our website: www.literacycapital.com
(https://protect.checkpoint.com/v2/___http:/www.literacycapital.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzphNjUwYWQxZDUwODhlOWQ3MmI2NDdhYTkzOTJmNjA0Mzo2OmViNjk6ZTY1ZGRjZjU4MjE2YTJmMjU5YmYzMWZjOTYwMDBjMTI4MzY0YTIxYzQ1YzZkODczYzMwNzQ1YzM1YzI0NTg5YTpwOlQ6Tg)
.

 

A copy of this announcement will be available on the Company's website at
www.literacycapital.com
(https://protect.checkpoint.com/v2/___http:/www.literacycapital.com___.bXQtcHJvZC1jcC1ldXcyLTE6bmV4dDE1OmM6bzphNjUwYWQxZDUwODhlOWQ3MmI2NDdhYTkzOTJmNjA0Mzo2OmViNjk6ZTY1ZGRjZjU4MjE2YTJmMjU5YmYzMWZjOTYwMDBjMTI4MzY0YTIxYzQ1YzZkODczYzMwNzQ1YzM1YzI0NTg5YTpwOlQ6Tg)
.

 

The information contained in this announcement regarding the Company's
investments has been provided by the relevant underlying portfolio company and
has not been independently verified by the Company. The information contained
herein is unaudited.

 

This announcement is for information purposes only and is not an offer to
invest. All investments are subject to risk.  Past performance is no
guarantee of future returns.  Prospective investors are advised to seek
expert legal, financial, tax and other professional advice before making any
investment decision.  The value of investments may fluctuate.  Results
achieved in the past are no guarantee of future results. Neither the content
of the Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published by means of
a recognised information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to hold, or
dispose of, securities in the Company.

 

LEI: 2549006P3DFN5HLFGR54

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