Amedeo Air Four Plus Limited Return of Capital and Increased Quarterly Dividend (6294Q)
22 Fevereiro 2023 - 4:01AM
UK Regulatory
TIDMAA4
RNS Number : 6294Q
Amedeo Air Four Plus Limited
22 February 2023
This announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation (EU)
No. 596/2014 which forms part of domestic law in the United Kingdom
pursuant to The European Union Withdrawal Act 2018, as amended by
The Market Abuse (Amendment) (EU Exit) Regulations 2019.
22 February 2023
AMEDEO AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
Return of Capital by a Partial Compulsory Redemption of Shares
and Increased Quarterly Dividend
The Board is pleased to announce a return of capital by way of a
partial compulsory redemption of shares and an increase in the
Company's quarterly dividend.
Under the terms of the restructured leases with Thai Airways
agreed in December 2021, from January 2023 the Company receives
fixed monthly rent rather than power by the hour rental receipts.
As a result of this and the commercial circumstances facing the
Company, whilst also maintaining a prudent approach to liquidity,
the Board has approved the distribution to shareholders of an
aggregate amount of GBP28 million by way of a compulsory redemption
(as described below).
Additionally, the Company's dividend will be increased to 1.75
pence per share (from 1.5 pence per share) per quarter from the
next quarter with the next dividend to be declared in April
2023.
Partial Compulsory Redemption of Shares
The Company intends to return to shareholders an aggregate
amount of GBP28 million on 1 March 2023 (the "Redemption Date") for
shareholders on the register of members as at close of business on
28 February 2023 ("Record Date"), by way of a partial compulsory
redemption (the "Redemption") of the ordinary shares ("Shares") in
the capital of the Company.
Pursuant to the Redemption, the Company will redeem one Share
for every eight existing Shares of Shareholders on the register of
members as at close of business on the Record Date, resulting in
the redemption of approximately 43,414,185 Shares in aggregate.
Consequently, the Redemption will be effected at 64.50 pence per
Share. No fractions of Shares will be redeemed and the number of
Shares to be redeemed for each Shareholder will be rounded down to
the nearest whole number of Shares, as appropriate.
All redemption proceeds are expected to be paid in pounds
sterling through CREST. Where Shares are held in certificated form,
payment will be made by cheque posted to the address of the
registered holder.
Any share certificates for the balance of holdings of Shares
will also be despatched to shareholders on or around 14 March 2023.
The Company currently has 347,313,483 Shares in issue (none of
which are held in treasury). All of the Shares redeemed on the
Redemption Date will be cancelled. Accordingly, once redeemed, such
Shares will be incapable of transfer.
The Shares will be disabled in CREST on the Record Date and the
existing ISIN number GG00BMZQ5R81 will expire. A new ISIN number
GG00BNDVLS54 (the "New ISIN") in respect of the remaining Shares
which have not been redeemed will be enabled and available for
transactions on 1 March 2023. Any Shares which have traded on or
before the Record Date, but have not settled, will be included in
the Redemption. CREST will automatically transfer any open
transactions as at the Redemption Date to the New ISIN.
Shareholders should note that the Board retains absolute
discretion as to the execution, extent and timing of any further
returns of capital.
Expected timetable:
Redemption Record Date 28 February 2023
Redemption Date and new ISIN 1 March 2023
enabled
-----------------
Redemption Ex-date 1 March 2023
-----------------
Redemption Payment Date (on 14 March 2023
or around)
-----------------
For further information, please contact:
Link Group
+44 (0) 3716 640 300
JTC Fund Solutions (Guernsey) Limited
+44 (0) 1481 702 400
Liberum Capital Limited
Chris Clarke / Darren Vickers / Owen Matthews
+44 (0) 20 3100 2000
About the Company
The Company is a Guernsey-domiciled company, with shares
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market (LSE: AA4).
The Company's investment objective is to obtain income returns
and a capital return for its Shareholders by acquiring, leasing and
then selling aircraft.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCTBMLTMTJTBTJ
(END) Dow Jones Newswires
February 22, 2023 02:01 ET (07:01 GMT)
Amedeo Air Four Plus (LSE:AA4)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Amedeo Air Four Plus (LSE:AA4)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024