REG-Strategic Equity Capital Plc: Interim Payment

Strategic Equity CapitalAnnouncement

27/11/2025 07:02

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA,
CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS
RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL.                   
                                            THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER OFFER (AS DEFINED
HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON
TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES
LAWS OR OTHERWISE.

 

27 November 2025

 

Interim Payment

 

Further to the results of the Tender Offer announced on 15 October 2025,
whereby 9,510,496 Ordinary Shares were validly tendered, the Company today
announces an Interim Payment to Tendering Shareholders, the number of Tendered
Shares to be repurchased and the Tender Price at which Ordinary Shares will be
repurchased by the Company.

 

In connection with the Interim Payment, the Company will repurchase 4,755,233
Ordinary Shares at a Tender Price of 405.00 pence per Ordinary Share. This
Interim Payment represents approximately 50% of the value of the Tender Pool
as at 25 November 2025.

 

A portion of the assets realised in the Tender Pool have been transferred to
the Continuing Pool and sold to other clients of the Investment Manager, in
line with the protocols the Board put in place with the Investment Manager and
as outlined in the circular to Shareholders dated 15 September 2025 (the
"Circular").

 

The expected timetable in respect of the Interim Payment is outlined below.

 

 Expected timetable in respect of the Interim Payment                                                                                
 Tender Price and payment date announced                                                                           27 November 2025  
 Acquisition by Panmure Liberum, and repurchase by the Company from Panmure Liberum, of 4,755,233 Tendered Shares  2 December 2025   
 Payments through CREST made in respect of the relevant Tendered Shares held in uncertificated form                2 December 2025   
 Cheques despatched in respect of the relevant Tendered Shares held in certificated form                           2 December 2025   

 

 

Capitalised terms shall have the meaning attributed to them in the Circular
unless otherwise defined in this announcement.

 

 

 

For further information, please contact:

 

 Strategic Equity Capital plc   William Barlow (Chairman)                                              (via Juniper Partners)  +44 (0)131 378 0500     
 Gresham House Asset Management   (Investment Manager)   Chris Elliott (Managing Director, Wholesale)  +44 (0) 20 3837 6270                            
 Panmure Liberum Limited (Corporate Broker)   Chris Clarke / Darren Vickers                            +44 (0)20 3100 2222                             
 Juniper Partners Limited (Company Secretary)     Steven Davidson                                      +44 (0)131 378 0500                             
 KL Communications (PR Adviser)   Charles Gorman  Adam Westall  Charlotte Francis                      gh@kl-communications.com   +44 (0)20 3882 6644  

 

 

 

 

 



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