Purchase of Shares

RNS Number : 1045F

Oakley Capital Investments Limited

03 October 2008

 



3 October 2008

Oakley Capital Investments Limited

Purchase of Shares

Oakley Capital Investments Limited ('the Company' or 'OCIL') announces that the Board has authorised a share buy back programme of up to 8,000,000 ordinary shares in the Company at prices below the estimated Net Asset Value per share. The Investment Manager believes that purchasing shares at a discount to NAV will enhance returns to shareholders.

Subsequently the Company has today purchased 7,275,000 ordinary shares of 1p each in OCIL at 60p per share. It has also purchased 1,250,000 warrants at 0p per warrant.

Purchased shares and warrants will be held in treasury by the Company and shares will not carry voting or dividend distribution rights. 

Following this transaction, the number of ordinary shares in issue less purchased shares held in treasury will be 92,725,000 and therefore the total number of voting rights in the Company is 92,725,000.

-ends-

For further information please contact:

Oakley Capital Investments Limited Peter Dubens (Director)	[phone]
Financial Dynamics Juliet Clarke / Edward Bridges / Erwan Gouraud	[phone]
Liberum Capital Limited (Financial Adviser & Broker) Steven Tredget / Steve Pearce	[phone]
Grant Thornton Capital Markets (Nominated Adviser) Philip Secrett / Fraser Campbell	[phone]

 

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