Petershill Partners to repay capital, delist from London exchange

LONDON - Petershill Partners PLC announced Tuesday it will implement a capital return to shareholders through a court-sanctioned scheme of arrangement and delist from the London Stock Exchange.

The company has published a scheme circular detailing the proposal, which consists of two inter-conditional elements: a return of capital involving cancellation of shares and the removal of its ordinary shares from the closed-ended investment funds category of the Official List of the Financial Conduct Authority.

Shareholders will vote on the proposal at a court meeting and general meeting scheduled for November 3, 2025, at Freshfields LLP in London. The court meeting will commence at 10:00 a.m., followed by the general meeting at 10:15 a.m.

The board of directors unanimously recommends shareholders vote in favor of the scheme. All directors who hold ordinary shares have irrevocably committed their own holdings, representing approximately 0.11 percent of the company’s issued share capital as of October 3, to support the proposal.

J.P. Morgan Cazenove and BofA Securities have advised the board on the financial terms of the capital return, which the board considers "fair and reasonable."

If approved by shareholders and the court, the scheme and reduction of capital are expected to become effective on December 4, 2025, with the delisting following on December 5, 2025.

The scheme circular has been submitted to the National Storage Mechanism and will be available for inspection on the Financial Conduct Authority’s website. Hard copies are being sent to shareholders, subject to restrictions for persons in certain jurisdictions.

The announcement was based on a press release issued by the company.

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