Share Issue and Treasury

RNS Number : 9688U

Oakley Capital Investments Limited

09 December 2013

 



09 December 2013

Oakley Capital Investments Limited

Share Issue and Treasury

On 4 November 2013 Oakley Capital Investments Limited ("the Company") announced that on 7 November 2013 it had sold 584,000 ordinary shares at £1.72 per share for settlement from treasury to institutional investors. It also announced on the same date that following this transaction the Company would hold 4,425,950 shares in treasury.

The Board has discovered that prior to the above transaction, 5,009,950 ordinary shares in OCL previously purchased by the Company were actually cancelled by the Company's registrar and not held in treasury.

In order to satisfy its obligations under the above ordinary share sale, OCL has issued 584,000 ordinary shares to its counterparty.

Further, in order to restore the Company's treasury stock to the previously disclosed level, OCL will issue 4,425,950 ordinary shares to Liberum Capital at the prevailing market price and repurchase immediately at the same price.

Application for admission to AIM has been made in respect of both tranches being 5,009,950 ordinary shares, and admission and trading is expected to occur on or around 13 December 2013.

Following this transaction the Company will hold 4,425,950 shares in treasury, therefore the number of ordinary shares in issue less the total number of treasury shares will be 123,699,050 and the total number of voting rights in the Company is 123,699,050.

For further information please contact:

Oakley Capital Investments Limited	[phone]
Peter Dubens, Director
FTI Consulting	[phone]
Edward Bridges / Emily Hartman
Liberum Capital Limited (Nominated Adviser & Broker)	[phone]
Steve Pearce / Tom Fyson

About Oakley Capital Investments Limited

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

 

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