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C Share Conversion

23rd Feb 2016 18:05

RNS Number : 9314P
P2P Global Investments PLC
23 February 2016
 

23 February 2016

 

P2P Global Investments plc

 

C Share Conversion

 

 

The Board of P2P Global Investments plc (the "Company") announces that it has received notification from Eaglewood Europe LLP that they anticipate that over 90 per cent. of the net proceeds of the existing C shares issue (which were admitted to trading in July 2015) will shortly have been invested in accordance with the Company's investment policy.

 

The Board thus anticipates that conversion of the existing C shares will take place in March 2016 following announcement of the February 2016 net asset values ("NAVs") for each of the existing C shares and the existing ordinary shares at a ratio calculated on the basis of those NAVs and in accordance with the provisions of the Company's articles of association as described in the Company's prospectus published July 2015.

 

Once the above C shares have merged into the ordinary shares the company anticipates resuming a regular quarterly dividend with the dividend relating to the period 1 January 2016 - 31 March 2016 being declared in late April and paid in May.

 

Enquiries:

 

Eaglewood Europe LLP

 

 

+44 (0)20 7316 228

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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