Oakley Capital Investments Limited which provides investors with access to the investment strategy of Oakley Capital Private Equity is planning a GBP130 million placing of 78,787,879 new ordinary shares at a price of 165 pence per share.
The Placing is conditional, amongst other things, upon the passing of a shareholder resolution to ensure that there is sufficient capacity in the authorised share capital of the Company for the directors of the Company to allot the Placing Shares and issue additional securities in the future if required. A special general meeting of the Company is therefore being convened for the purpose of considering the Resolution at 10.00 am Bermuda time (2:00 pm London time) on 17 April 2015 at Mintflower Place, 3rd Floor, 8 Par la Ville Road, Hamilton HM 08, Bermuda. A Notice of Special General Meeting has been sent to shareholders.
The placing is being made to qualifying investors on a non-pre-emptive basis.
Peter Dubens, Director of OCIL, says: “Oakley’s Limited Parterships have a proven track record of generating significant value for their investors, which include OCIL. We believe that this additional funding will enable us to further leverage opportunities within our portfolio and also more broadly in new investments within the mid-market segment.”