REG - LMS Capital PLC - Second Return of Capital

LMS CapitalAnnouncement

Tue 07:00

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RNS Number : 5919O  LMS Capital PLC  13 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

13 January 2026

 

LMS Capital Plc

("LMS" or the "Company")

 

Second Return of Capital

 

The Board of the Company is pleased to announce a proposed second return of
capital totalling £1.615 million to Shareholders via a B Share Scheme.

 

The Company's New Investment Policy for Managed Realisation was approved by
Shareholders at the general meeting on 14 May 2025. Since the first return of
capital in July 2025, the Company has made progress in realising value from
its investment portfolio.

 

After considering the Company's projected working capital requirements, the
Board has decided to make a second distribution to Shareholders of £1.615
million through the issue and redemption of B Shares. The capital to be
returned represents approximately 5.4% of the Company's net asset value (NAV)
as at 30 September 2025.

 

The second B Share issue comprises a bonus issue of two new B Shares of 1
pence each for each Ordinary Share held by Shareholders at 6:00 pm (London
time) on 16 January 2026 ("Record Date"). These B Shares will immediately be
redeemed by the Company for cash and cancelled.

 

The redemption proceeds will equate to 2 pence per Ordinary Share in the
Company held at the Record Date. Shareholders that are listed in the Company's
register of members on the Record Date are expected to receive payment
accordingly on or before 2 February 2026.

 

Shareholders are reminded that the issue of B Shares will not reduce the
number of the Company's Ordinary Shares in issue. However, following the issue
and redemption of B Shares, the NAV (and NAV per Ordinary Share) will be
reduced by the total amount of capital returned. Consequently, the share price
is likely to reflect this reduction in NAV.

 

The Company will continue to realise value from its portfolio and will make
further returns of capital using the B Share Scheme as and when appropriate.
The Company is unable to specify the timing and exact amount of future
returns, as these will continue to depend on the realisation of the
investments in the Company's portfolio.

 

Terms used and not defined in this announcement have the meanings given to
them in the Circular dated 24 April 2025.

 

Timetable

 

 Record                                                                                                                                                                                       6:00 pm on 16 January 2026
 Date
 Two B Shares issued for every Ordinary Share held at the Record                                                                                                                              19 January 2026
 Date
 Expected redemption and cancellation of B                                                                                                                                                    19 January 2026
 Shares
 Ordinary Shares start trading ex-B Share entitlement (the "Ex-Date")                                                                                                                         8:00 am on 19 January 2026
 Despatch of payments to certificated accounts by cheque and CREST accounts                                                                                                                   By 2 February 2026
 credited in respect of proceeds, of redemption of B Shares

 

 

The person arranging for the release of this announcement is Nick Friedlos,
Managing Director.

 

For further information please contact:

 

LMS Capital plc
Nick Friedlos - Managing Director
0207 935 3555

 

Shore Capital, Broker
Gillian Martin, Daphne Zhang, Sophie Collins
0207 408 4050

 

 

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