Change of Administrator

RNS Number : 8357D

Oakley Capital Investments Limited

01 July 2021

 

01 July 2021

Oakley Capital Investments Limited

Change of Administrator

Oakley Capital Investments Limited¹ (the "Company") announces that it has today entered into an administration agreement (the "Agreement") with its Investment Adviser, Oakley Capital Limited, who will now be providing administrative services to the Company, with effect from 1 July 2021. The change in provider is designed to make current processes more efficient and decrease reporting time scales, to facilitate the Company moving to quarterly NAV reporting.

The fees payable by the Company pursuant to the Agreement, will be commensurate with those currently paid to Mayflower Management Services (Bermuda) Limited ("Mayflower"), the current provider under the Company's current administration agreement.

Entering into the Agreement with the Investment Adviser will constitute a related party transaction in accordance with the Company's related party policy. Pursuant to that policy, the Company has obtained a fairness opinion from Liberum Capital Limited, prior to entering into the Agreement.

The Board wishes to thank Mayflower for its services to the Company since its launch.

For further information please contact:

Oakley Capital Limited

[phone]

Steven Tredget, Investor Relations

Greenbrook Communications Limited

[phone]

Alex Jones / Michael Russell

Liberum Capital Limited (Financial Adviser & Broker)

[phone]

Chris Clarke / Darren Vickers / Owen Matthews

Notes:

LEI Number: 213800KW6MZUK12CQ815

¹  About Oakley Capital Investments Limited ("OCI")

OCI is a  Specialist Fund Segment ("SFS")  traded investment vehicle that aims to provide shareholders with consistent long-term capital growth in excess of the FTSE All-Share Index by providing liquid access to private equity returns through investment in the Oakley Funds.

A video introduction to OCI is available at  https://oakleycapitalinvestments.com/videos/

The contents of the OCI website are not incorporated into, and do not form part of, this announcement.

Oakley Capital, the Investment Adviser

Founded in 2002, Oakley Capital Limited has demonstrated the repeated ability to source attractive growth assets at attractive prices. To do this it relies on its sector and regional expertise, its ability to tackle transaction complexity and its deal generating entrepreneur network.

The Oakley Funds

Oakley Capital Private Equity L.P. and its successor funds, Oakley Capital Private Equity II, Oakley Capital Private Equity III, Oakley Capital IV and Oakley Capital Origin Fund are unlisted lower-mid to mid-market private equity funds that aim to provide investors with significant long-term capital appreciation. The investment strategy of the Funds is to focus on buy-out opportunities in industries with the potential for growth, consolidation and performance improvement.

Important information

Specialist Fund Segment securities are not admitted to the Official List of the Financial Conduct Authority. Therefore, the Company has not been required to satisfy the eligibility criteria for admission to listing on the Official List and is not required to comply with the Financial Conduct Authority's Listing Rules.

The Specialist Fund Segment is intended for institutional, professional, professionally advised and knowledgeable investors who understand, or who have been advised of, the potential risk from investing in companies admitted to the Specialist Fund Segment.

 

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