GCP Sovereign Infrastructure Debt Outcome of Strategic Review (9563J)
18 Giugno 2014 - 3:38PM
UK Regulatory
TIDMGULF
RNS Number : 9563J
GCP Sovereign Infrastructure Debt
18 June 2014
18 June 2014
GCP Sovereign Infrastructure Debt Limited (the "Company")
Outcome of Strategic Review
Further to the Company's announcement on 12 June 2014 that it
would be undertaking a strategic review of its options, the
Company's advisers have consulted with shareholders representing c.
92 pct of its voting rights.
Taking into account feedback from such shareholders, and advice
from the Investment Adviser, Gravis Capital Partners LLP ("GCP"),
and the Company's financial adviser, Cenkos Securities plc, the
Board has decided to put forward a proposal for a winding up of the
Company and cancellation of the trading of its shares on the
Specialist Fund Market of the London Stock Exchange (the
"Proposal").
GCP has indicated that, subject to the Proposal being approved
by shareholders, it will make a cash contribution to the Company
equal to the sum of (a) the costs incurred at IPO (net of any
rebates made to qualifying investors in accordance with the IPO
prospectus) and (b) the net ongoing running costs of the Company
since IPO, including costs associated with the implementation of
the Proposal.
A circular setting out the details of the Proposal will be
posted to shareholders in early July.
Enquiries
Gravis Capital Partners LLP +44 (0) 20 7518 1490
Stephen Ellis
Rollo Wright
Cenkos Securities
Dion Di Miceli +44 (0) 20 7397 1921
Tom Scrivens +44 (0) 20 7397 1915
Buchanan +44 (0) 20 7466 5000
Charles Ryland
Sophie McNulty
Gravis Capital Partners LLP
Gravis Capital Partners LLP is the Investment Adviser to the
Company. GCP is an infrastructure investment advisory
specialist.
GCP is authorised and regulated by the Financial Conduct
Authority.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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