Source - RNS
RNS Number : 0671L
Taliesin Property Fund Limited
16 April 2018
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

16 April 2018

TALIESIN PROPERTY FUND LIMITED

(LEI: 213800CDZPN11C1WNP20)

 (incorporated and registered in Jersey with registered number 91744)

offer to buy-back ZDP Shares

Offer to buy-back ZDP Shares

Taliesin Property Fund Limited ("Taliesin") announces that the buyback offer for the zero dividend preference shares of no par value in the capital of Taliesin ("ZDP Shares") announced on the 9th March 2018 (the "Offer"), closed in accordance with the terms of such Offer, on 10 April 2018.   Taliesin received acceptances for the Offer from shareholders of Taliesin holding in aggregate 90,000 ZDP Shares (the "Accepting Shareholders"). Accordingly, a total of 90,000 ZDP Shares will be repurchased at a price of 138.24p.

 

The consideration to be paid to or for the account of each Accepting Shareholder pursuant to the Offer will be despatched (in the case of certificated holders of ZDP Shares) or settled in CREST (in the case of uncertificated holders of ZDP Share) by no later than 24 April 2018.

 

Those shareholders of Taliesin who did not accept the Offer will continue to hold their ZDP Shares in accordance with the terms of the articles of association of Taliesin (the "Articles").  Under the Articles, Taliesin is required to redeem all the outstanding ZDP Shares on or within 14 days before 30 September 2018. On redemption of the ZDP Shares in accordance with the Articles, the holders of ZDP Shares will receive 144.28p per ZDP Share.

Enquiries:

Taliesin

 

Nigel Anthony Le Quesne

Tel: +44 (0) 15 3470 0000

The Blackstone Group International Partners LLP

 

Andrew Dowler

Tel: + 44 (0) 207 451 4275

Lazard (Financial Adviser to the Bidcos)

 

Patrick Long

Will Lawes

Philip Chapman

Tel: +44 (0) 207 187 2000

 

 

 


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