Repayment of Preference Shares

Keystone Positive Change I.T. PLC

23 December 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

23 December 2024

Keystone Positive Change Investment Trust plc (KPC)

Repayment of Preference Shares

On 6 December 2024 the Company published proposals in relation to a scheme of reconstruction and members' voluntary winding-up of the Company.

The Scheme includes provision for the payment of the entitlements of the Preference Shares to capital and to accrued interest up to the Effective Date.

Accordingly the Company intends, subject to Shareholder approval, that the admission of the Preference Shares to the Official List and to trading on London Stock Exchange be suspended and then cancelled based on the following timetable:

Record date for Preference Shareholder entitlements under the Scheme.	Close of business on 6 February 2025
Suspension of dealings in the Preference Shares and the Register closes	7.30 a.m. on 7 February 2025
Effective Date	7 February 2025
Cheques expected to be despatched to Preference Shareholders	Week commencing 17 February 2025

For further information please contact:

Deutsche Numis, Nathan Brown / Matt Goss

Tel: [phone]

Computershare Investor Services, Shareholder helpline

Tel: [phone]

Notes:

ISIN of the Preference Shares is GB0004912282.

All references to time in this announcement are to UK time. Each of the times and dates in the above expected transaction timetable may be extended or brought forward. If any of the above times and/or dates change materially, the revised time(s) and/or date(s) will be notified to Shareholders by an announcement through a Regulatory Information Service.

Capitalised terms used in this announcement are as defined in the Company's circular dated 6 December 2024.

 

END