Return of capital by under the compulsory redemption process
Yatra Capital Limited (the “Company” or “Yatra”) announces its first return of capital of approximately EUR 10 million under the compulsory redemption process, as approved by its shareholders at the last annual general meeting.
In order to effect this return of capital, the board of directors wishes to redeem a total of 1,410,437 Ordinary shares in the Company (“Ordinary shares”) at the prevailing published NAV per Ordinary Share of the Company as of 31 March 2016, being EUR 7.09 per share. Subsequent to the payout to shareholders, the number of Ordinary shares in issue will fall to 3,465,217 from the current 4,875,654. Future returns of capital will be carried out at the then prevailing net asset value per share as reported to shareholders.