This announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 which forms part of
domestic law in the United Kingdom pursuant to The European Union
Withdrawal Act 2018, as amended by The Market Abuse (Amendment) (EU
Exit) Regulations 2019.
23 January 2025
AMEDEO
AIR FOUR PLUS LIMITED (the "Company")
(LSE: AA4, LEI: 21380056PDNOTWERG107)
Return of
Capital by a Partial Compulsory Redemption of Shares
The Board is pleased to announce a
return of capital by way of a partial compulsory redemption of
shares.
As announced at the time of the
Company's interim results in December 2024, the Company has been
conducting an exercise to ascertain its future cash requirements,
taking into account, inter alia, its reserves against the risk of
shortfalls in A380 values against loans outstanding. Following the
conclusion of this exercise, the Board has approved the
distribution to shareholders of an aggregate amount of £27.8
million by way of a compulsory redemption (as described
below).
Partial Compulsory Redemption of
Shares
The Company intends to return to
shareholders an aggregate amount of £27.8 million on 30 January
2025 (the "Redemption
Date") for shareholders on the register of members as at
close of business on 30 January 2025 ("Record Date"), by way of a partial
compulsory redemption (the "Redemption") of the ordinary shares
("Shares") in the capital
of the Company.
Pursuant to the Redemption, the
Company will redeem one Share for every seven existing Shares of
Shareholders on the register of members as at close of business on
the Record Date, resulting in the redemption of approximately
43,414,194 Shares in aggregate. Consequently, the Redemption will
be effected at 64.03 pence per Share. No fractions of Shares will
be redeemed and the number of Shares to be redeemed for each
Shareholder will be rounded down to the nearest whole number of
Shares, as appropriate.
All redemption proceeds are expected
to be paid in pounds sterling through CREST. Where Shares are
held in certificated form, payment will be made by cheque posted to
the address of the registered holder.
Any share certificates for the
balance of holdings of Shares will also be despatched to
shareholders on or around 13 February 2025. The Company currently
has 303,899,361 Shares in issue (none of which are held in
treasury). All of the Shares redeemed on the Redemption Date will
be cancelled. Accordingly, once redeemed, such Shares will be
incapable of transfer.
The Shares will be disabled in CREST
on the Record Date and the existing ISIN number GG00BNDVLS54 will
expire. A new ISIN number GG00BQKNKR70 (the "New ISIN") in respect of the remaining
Shares which have not been redeemed will be enabled and available
for transactions on 31 January 2025. Any Shares which have traded
on or before the Record Date, but have not settled, will be
included in the Redemption. CREST will automatically transfer any
open transactions as at the Redemption Date to the New
ISIN.
Shareholders should note that the
Board retains absolute discretion as to the execution, extent and
timing of any further returns of capital.
Expected timetable:
|
Redemption Record Date, Redemption
Date
|
30 January 2025
|
|
Redemption Ex-date and new ISIN
enabled
|
31 January 2025
|
|
Redemption Payment Date (on or
around)
|
13 February 2025
|
For further information, please contact:
MUFG (Registrar)
+44 (0) 3716 640 300
JTC Fund Solutions (Guernsey)
Limited
+44 (0) 1481 702 400
Panmure Liberum Limited
Chris Clarke / Darren
Vickers
+44 (0) 20 3100 2000
About the Company
The Company is a Guernsey-domiciled
company, with shares admitted to trading on the Specialist Fund
Segment of the London Stock Exchange's Main Market (LSE:
AA4).
The Company's investment objective
is to obtain income returns and a capital return for its
Shareholders by acquiring, leasing and then selling
aircraft.
