29th Nov 2018 14:17
LONDON (Alliance News) - Ranger Direct Lending Fund PLC said Thursday it will offer 116 pence per zero dividend preference shares issued by its subsidiary Ranger Direct Lending ZDP PLC to ZDP shareholders.
The offer will be conditional on receiving acceptances of at least 61%, approximately 32 million ZDP shares.
The offer is a result of the company's decision to wind-down. Earlier in November, the company said that its ZDP committee has confirmed the company's wind-down plans do not prejudice the holders of zero dividend preference shares.
Ranger Direct shares were trading up 0.35 at 693.99 pence each.
Related Shares:
RDL.L