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On 21 September 2026, Strategic Equity Capital plc announced a final payment to Tendering Shareholders, repurchasing 2,311,099 Ordinary Shares at 379.38 pence per Ordinary Share. This final payment completes the repurchase of 100 per cent. of Ordinary Shares validly tendered in the Tender Offer, with the acquisition, repurchase, and payments expected on 24 September 2026.
Disseminated via PRN on 21 September 2026
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE ITS RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE TENDER OFFER (AS DEFINED HEREIN) IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR OTHERWISE.
21 September 2026
Final Payment
Further to the second Interim Payment on 24 February 2026 which, in aggregate with the first Interim Payment, represented the repurchase of approximately 75 per cent. of the total number of Ordinary Shares validly tendered in the Tender Offer, the Company is today pleased to announce the final Payment to Tendering Shareholders.
In connection with the final Payment, the Company will repurchase 2,311,099 Ordinary Shares at a Tender Price of 379.38 pence per Ordinary Share. Following completion of the final Payment the Company has repurchased 100 per cent. of Ordinary Shares validly tendered in the Tender Offer.
The expected timetable in respect of the final Payment is outlined below.
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Expected timetable in respect of the final Payment |
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Tender Price and payment date announced |
21 September 2026 |
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Acquisition by Panmure Liberum, and repurchase by the Company from Panmure Liberum, of 2,311,099 Tendered Shares |
24 September 2026 |
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Payments through CREST made in respect of the relevant Tendered Shares held in uncertificated form |
24 September 2026 |
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Cheques despatched in respect of the relevant Tendered Shares held in certificated form
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24 September 2026 |
Capitalised terms shall have the meaning attributed to them in the Circular unless otherwise defined in this announcement.
For further information, please contact:
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Strategic Equity Capital plc William Barlow (Chairman)
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(via Juniper Partners) +44 (0)131 378 0500 |
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Gresham House Asset Management (Investment Manager) Chris Elliott (Managing Director, Wholesale)
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+44 (0) 20 3837 6270
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Panmure Liberum Limited (Corporate Broker) Chris Clarke / Darren Vickers
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+44 (0)20 3100 2222 |
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Juniper Partners Limited (Company Secretary) Steven Davidson
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+44 (0)131 378 0500 |
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KL Communications (PR Adviser) Charles Gorman Adam Westall Charlotte Francis
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+44 (0)20 3882 6644 |
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