Disposal of Treasury Shares

RNS Number : 9671U

Oakley Capital Investments Limited

24 January 2017

 

24 January 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Oakley Capital Investments Limited

Disposal of Treasury Shares

Oakley Capital Investments Limited¹ (AIM: OCL, "OCL" or "Company") announces that on 24 January 2017 it sold 15,000,000 ordinary shares at 157p per share from treasury to institutional investors for settlement on 7 February 2017.  The average acquisition price of shares held in treasury was 146p and sale proceeds will be invested in line with the Company's investing policy.

Following this sale OCL holds 2,108,843 ordinary shares in treasury which the Board intends to cancel as soon as is practicable. The number of ordinary shares in issue less the total number of treasury shares is therefore 204,804,036.

Going forward the Board will maintain its policy of share buy backs as part of discount control management and will not sell stock from treasury nor issue new shares at material discounts to NAV.

For further information please contact:

Oakley Capital Investments Limited

[phone]

Peter Dubens, Director

FTI Consulting LLP

[phone]

Edward Bridges / Stephanie Ellis

Liberum Capital Limited (Nominated Adviser & Broker)

[phone]

Steve Pearce / Steven Tredget / Jill Li

¹About Oakley Capital Investments Limited ("OCL")

Oakley Capital Investments Limited is a Bermudan company listed on AIM. OCL seeks to provide investors with long term capital appreciation through its investments in Oakley Capital Private Equity L.P., Oakley Capital Private Equity II, Oakley Capital Private Equity III and, through co-investment opportunities.

 

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