This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Zeno Capital Limited - Notice of Material Transaction
Hamilton, Bermuda – 19 March 2019 – In a filing with The Bermuda Stock Exchange (the “BSX”), Zeno Capital Limited (“Zeno” or “the Company”; Ticker: ZENOCAP.BH ) announced a Notice of Material Transaction. The full filing stated:
On 6 March 2019, the Company, through its subsidiary Primezone Properties Limited sold all the issued shares in Mayfair Properties Limited and acquired the entire issued share capital in BLSSP (PHC18) Limited.
BLSSP (PHC18) Limited owns the freehold property situated at 2 Trafalgar Way Croydon and has a 69 year fully repairing and insuring lease with J Sainsbury Plc.
The property comprises 91276 square feet of lettable area with passing rent of £2 820 000 pa (two million, eight hundred twenty thousand).
The total acquisition cost was £78 000 000 (seventy-eight million) funded by a combination of equity and debt.
The debt component has been provided to Primezone Properties Limited by the Company’s wholly owned subsidiary, Zeno (Ireland) Funds Plc, acting on behalf of its sub-fund Fund 1, through two loans, one profit participating loan and a second fixed rate loan listed on the International Stock Exchange.