Following the first Share Buyback around February 2024, the intent is to make further Share Buyback offers to Shareholders every three years. The Board consider that this potentially provides liquidity windows for Shareholders who have different investment horizons.
If the Board determines, in its discretion, that an event has occurred or circumstances have arisen which requires the Share Buyback to be delayed until a future date or cancelled or revoked, then it will advise the Shareholders in writing accordingly. All Share Buybacks will be in accordance with the requirements of the Companies Act and other relevant regulations.
Crossgate Capital intends to make an offer, every three years, to all Shareholders to buy-back their Class A Shares.
The first offer is intended to be made on or around February 2024. Shareholders will be able to accept any offer in whole or in part, subject to certain restrictions. Please refer to the PDS for further information.