Damille Investments II has announced that a redemption offer is to be put forward to shareholders for the financial year ending 30 November 2016. Under the redemption offer, each Shareholder can elect to redeem up to 15 per cent. of their shareholding at a price equal to the unaudited Net Asset Value per Share as at 29 January 2016 less 2.5%. The company says that the redemption date is the 18 February 2016 with accounts credited by 26 February 2016.
The company also says that, as part of a range of discount control measures, Damille Partners Limited intends to redeem under the Redemption Offer and, when not in a close period, it then intends to utilise ALL its redemption proceeds to acquire further shares in the open market.
Damille Investments II announces redemption offer at NAV less 2.5% : DIL2