For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240523:nRSW5319Pa&default-theme=true
RNS Number : 5319P Blackstone Loan Financing Limited 23 May 2024
23 May 2024
Blackstone Loan Financing Limited
(the "Company")
Compulsory Partial Redemption of Shares
Further to the approval given by the Company's shareholders to enable
compulsory redemptions of the Company's ordinary shares ("Shares"), as
described in the circular dated 25 August 2023 (the "Circular"), the Company
today announces that it will return approximately €23,000,000 by way of a
compulsory partial redemption of up to 24,779,142 Shares (the "First
Redemption") on 10 June 2024 (the "Redemption Date"). Approximately 5.5968% of
the existing Shares will be redeemed.
The First Redemption will be effected at €0.9282 per Share, being the NAV
per Share as at 30 April 2024. The First Redemption will be effected pro-rata
to holdings of such shares on the register at close of business on 10 June
2024 ("Redemption Record Time"). As at today's date, the Company has
442,738,903 Shares in issue, of which none are held in treasury.
On this basis, a holder of 10,000 Shares will have 559 Shares redeemed, and
receive €518.86 in cash.
Fractions of Shares will not be redeemed and so the number of Shares held by
each shareholder to be redeemed compulsorily on the Redemption Date will be
rounded down to the nearest whole number of Shares.
The amount to be applied to the partial redemption of Shares comprises monies
from the Company's existing cash balances.
All Shares that are redeemed will be cancelled with effect from the Redemption
Date. Accordingly, once redeemed, such Shares will be incapable of transfer.
The Shares will be disabled in CREST after close of business on the Redemption
Date and the existing ISIN number JE00BNCB5T53 (the "Old ISIN") will expire.
The new ISIN number JE00BSMSML25 (the "New ISIN") in respect of the remaining
Shares, which have not been redeemed and will be in issue and listed following
the Redemption Date and will be enabled and available for transactions from
and including 11 June 2024.
Up to and including the Redemption Date, the Shares will continue to be traded
under the Old ISIN and as such, a purchaser of such Shares who was not on the
register as at the Redemption Record Time would have a market claim for a
proportion of the redemption proceeds. CREST will automatically transform any
open transactions as at the Redemption Date into the New ISIN.
Shareholders should note that the Board retains absolute discretion as to the
execution, extent and timing of any further redemptions.
Expected timetable for redemption
The anticipated dates and sequence of events relating to the implementation of
the Proposals are set out below:
First Redemption Record Date 6:00pm on 10 June 2024
First Redemption Date and expiry of Old ISIN number 10 June 2024
First Redemption Ex Date 11 June 2024
New ISIN number enabled JE00BSMSML25 11 June 2024
Redemption monies paid to uncertificated holdings and certificated holdings 24 June 2024
Capitalised terms used but not defined in this announcement will have the same
meaning as set out in the Circular.
Enquiries:
Blackstone via BNP Paribas
BNP Paribas 01534 709189 / 709108
Singer Capital Markets 020 7496 3000
James Maxwell / Alaina Wong (Corporate Finance)
Alan Geeves / Sam Greatrex (Sales)
Winterflood Investment Trusts 020 3100 0000
Neil Langford (Corporate Finance)
Darren Willis (Sales)
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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCPPURGAUPCGQP