Reduction of Share Premium Account

RNS Number : 9835X

Seraphim Space Investment Trust PLC

10 January 2022

 

 10 January 2022

SERAPHIM SPACE INVESTMENT TRUST PLC

("Seraphim Space" or the " Company")

Reduction of Share Premium Account

As stated in the Company's prospectus dated 22 June 2021 (the "Prospectus"), the Company resolved on 10 June 2021 that, conditional upon Initial Admission (as defined in the Prospectus) and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following Initial Admission be cancelled and credited to a reserve.

The Company is pleased to announce that, following the approval of the Court on 14 December 2021 and the subsequent registration of the Court order with the Registrar of Companies on 15 December 2021, the reduction has now become effective. Accordingly, the amount of £173,176,454.32 previously held in the share premium account has been cancelled and will be credited to a special distributable reserve. The certificate of registration of order of court on reduction of share premium account was given at Companies House on 7 January 2022.

Media Enquiries

Seraphim Space (Manager) LLP (via SEC Newgate)
Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough  

SEC Newgate (Communications advisers)                                 [e-mail]  
Emma Kane / Clotilde Gros / Bob Huxford                                                        [phone]
 

Deutsche Bank 
Mark Hankinson / Neil Collingridge / Neil Coleman                                        [phone]
 

J.P. Morgan Cazenove
William Simmonds / Jérémie Birnbaum / Rupert Budge   [phone]
 

Ocorian Administration (UK) Limited  [e-mail]  

Lorna Zimny    [phone]

  Notes to Editors

About Seraphim Space Investment Trust plc

Seraphim Space Investment Trust plc is the world's first listed fund focused on SpaceTech. The Company seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.

The Company listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4m. 

Seraphim Space Investment Trust plc is managed by Seraphim Space (Manager) LLP.

Further information is available at:  www.seraphim.vc

 

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