LWT Loudwater

TIDMLWT

RNS Number : 2602N

Loudwater Trust Limited

04 September 2013

4 September 2013

LOUDWATER TRUST LIMITED

("LOUDWATER" OR "THE COMPANY")

RETURN OF CAPITAL - B SHARE ISSUE

Loudwater Trust Limited, the closed-ended investment company, is pleased to announce that following the previous announcement on 4 September 2013, the Board of Directors has approved a return of approximately GBP11.1m of capital to shareholders, equating to 18.4 pence per share.

The capital will be returned by way of a bonus issue of B shares to shareholders pro rata to shareholders' existing holdings of ordinary shares in the capital of the Company. The B shares will be issued to shareholders on the Company's register on the record date of 13 September 2013 and will have an ex-date of 11 September 2013.

Following their issue, the Directors are expected to consider the redemption of the issued B shares on or around 1 October. A subsequent announcement will then be released confirming the decision of the Board.

-ends-

For further information

 
 Loudwater Investment 
  Partners Limited 
 Edward Forwood                             +44 (0)20 3372 6400 
 
 Panmure Gordon (UK) Limited 
 Andrew Potts                               +44 (0)20 7459 3600 
 

Note

http://www.loudwatertrust.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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