Tender Price
Summary by AI BETAClose X
30 September 2025
CQS Natural Resources Growth and Income PLC
(the "Company")
LEI: 549300ES8CNIK2CQR054
Tender Price
Further to the announcement of 1 July 2025, the Board is pleased to confirm that the assets within the Tender Pool have been fully realised for cash. The Tender Pool Determination Date was 29 September 2025 and, as at that date, the Tender Pool Final Asset Value was £61,112,800, resulting in a Tender Price of 208.33 pence per Tender Exit Share.
During the course of the realisation of the Tender Pool, the proceeds of portfolio sales were held in a short-dated UK government bond and cash.
Cavendish will purchase, as principal, the 29,334,059 Shares validly tendered under the Tender Offer at the Tender Price. Following completion of those purchases, Cavendish will then sell all the Tender Exit Shares back to the Company at the Tender Price pursuant to the Repurchase Agreement by way of an on-market transaction on the main market for listed securities of the London Stock Exchange.
The Company will keep 8,800,000 Shares bought back in treasury with the remainder to be cancelled.
The repurchase of Tender Exit Shares by the Company under the Repurchase Agreement will be funded from the Tender Pool and deducted from the Company's distributable reserves.
It is expected that payments in respect of Tender Exit Shares held in uncertificated form will be made in CREST on 7 October 2025 and that cheques will be dispatched on 14 October 2025 in respect of Tender Exit Shares held in certificated form.
Following the repurchase of the Tender Exit Shares, the Company's issued ordinary share capital will comprise 46,354,450 ordinary shares of 25p each, of which 11,405,671 (equivalent to 24.61%) are held in Treasury. The number of ordinary shares to be used in the calculation of voting rights is now 34,948,779.
Defined terms used in this announcement shall, unless the context requires otherwise, have the meanings ascribed to them in the circular to Shareholders published by the Company on 28 May 2025.
For further information, please contact:
CQS Natural Resources Growth and Income PLC
Christopher Casey, Chairman
cnr@tavistock.co.uk
(c/o Tavistock Communications)
Cavendish, Financial Adviser and Corporate Broker
Robert Peel, Andrew Worne
+44 20 7908 6000
Frostrow Capital LLP, Company Secretary
Tasmin Arthurton
+44 203 709 2408
cosec@frostrow.com
Tavistock, Public Relations
Jos Simson, Gareth Tredway, Tara Vivian-Neal
+44 20 7920 3150
cnr@tavistock.co.uk
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