Completion of Return of Capital

RNS Number : 6986Q

Spark Ventures PLC

17 October 2013

 



SPARK Ventures plc

("SPARK" or the "Company")

Completion of Transaction

SPARK is pleased to confirm that the Return of Cash, as announced on 6 September 2013 has completed.  Accordingly, Shareholders who received C Shares have been paid a special dividend of 2 pence per C Share held.  Shareholders who received B Shares have had them purchased by finnCap as principal pursuant to the Tender Offer for 2 pence per B Share.  finnCap has exercised a put option to sell such B Shares to the Company for cancellation pursuant to the Repurchase Agreement.

Under the Return of Cash, Shareholders elected (or were deemed to have elected) to receive 269,681,992 B Shares and 180,318,008 C Shares.

For further information, please contact:

SPARK Ventures plc	Andrew Betton / David Potter	020 7851 7777
finnCap	Matt Goode / Christopher Raggett	020 7220 0500

Capitalised terms used in this announcement have the meaning given to them in the circular to Shareholders dated 6 September 2013.

finnCap Ltd, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for SPARK Ventures plc and is acting for no-one else in connection with the Return of Cash and will not be responsible to anyone other than SPARK Ventures plc for providing the protections afforded to clients of finnCap Ltd nor for providing advice in connection with the Return of Cash or any other matter referred to herein.

 

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