Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Consideration of 2012 Share Purchase

21st Apr 2015 14:00

RNS Number : 8553K
Better Capital PCC Limited
21 April 2015
 



BETTER CAPITAL PCC LIMITED 2012 Cell

 

21 April 2015

 

Consideration of 2012 Share Purchase

 

 

The Company has been informed by the 2012 Fund that it is giving consideration to market purchases of 2012 Shares up to a value of £10 million, with a view to reselling those shares at a time when the 2012 Fund requires additional capital from an investment perspective and those shares can be sold at a price that is higher than the price at which they were acquired by the 2012 Fund.

 

The Company has been advised by the general partner of the 2012 Fund that its preliminary view is that it is likely that the net asset value per 2012 Share will be reported as modestly lower at 31 March 2015 when compared with 30 September 2014.

 

Further news on both of the Company's portfolios is posted at http://www.bettercapital.gg/news.cfm.

 

 

For further information please contact:

 

Better Capital PCC Limited

Tel. +44 (0) 1481 716 000

Mark Huntley (Administrator and Company Secretary)

 

Better Capital LLP

Tel. +44 (0) 20 7440 0840

Mark Aldridge (CEO)

Bonnie Kraus (Investor Relations)

 

Powerscourt

Tel. +44 (0) 20 7549 0999

Justin Griffiths

 

Numis Securities

Tel. +44 (0) 20 7260 1426

Nathan Brown

 

 

Capitalised terms used above are defined as follows:

 

"Company" - Better Capital PCC Limited

"2012 Fund" - BECAP12 Fund LP

"2012 Shares" - ordinary shares issued by the Company in the 2012 cell

 

 

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

Related Shares:

BC12.LBCAP.L
FTSE 100 Latest
Value8,275.66
Change0.00