M&G Credit Income Investment Trust plc: Results of Placing

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M&G Credit Income Investment Trust plc (MGCI) 
M&G Credit Income Investment Trust plc: Results of Placing 
 
31-Jan-2019 / 08:00 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY 
 OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, 
NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION 
            WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. 
 
31 January 2019 
 
      M&G Credit Income Investment Trust plc 
 
      Results of the Placing 
 
      The Board of M&G Credit Income Investment Trust plc (the "Company") is 
  pleased to announce the results of a placing of ordinary shares ("Ordinary 
Shares") under its placing programme (the "Placing"). The Placing, which was 
announced on 18 January 2019, was undertaken to provide a number of existing 
investors the opportunity to increase their holdings in the Company, as well 
            as to satisfy excess demand in the market. 
 
The Placing was oversubscribed and, accordingly, the Company has allotted 25 
   million Ordinary Shares, being the maximum number of Ordinary Shares made 
available under the Placing, raising GBP25.25 million at an issue price of 101 
  pence per Ordinary Share. The net proceeds of the Placing will be invested 
            in accordance with the Company's investment policy. 
 
Applications have been made to the Financial Conduct Authority for admission 
  of the 25,000,000 new Ordinary Shares to listing on the premium segment of 
 the Official List and to the London Stock Exchange plc for admission of the 
new Ordinary Shares to trading on the premium segment of its main market for 
  listed securities ("Admission"). It is expected that Admission will become 
 effective at 8.00 a.m. on 4 February 2019 and that dealings in the Ordinary 
            Shares will commence at that time. 
 
    The new Ordinary Shares will, when issued, be credited as fully paid and 
     rank pari passu with the existing Ordinary Shares in the capital of the 
Company, including the right to receive all dividends or other distributions 
made, paid or declared, if any, by reference to a record date after the date 
            of their issue. 
 
   Immediately f ollowing Admission, the Company's issued share capital will 
  consist of 125,000,001 Ordinary Shares with voting rights. This figure may 
  be used by shareholders in determining the denominator for the calculation 
  by which they will establish if they are required to notify their interest 
       in, or a change to their interest in, the Company under the Financial 
            Conduct Authority's Disclosure Guidance and Transparency Rules. 
 
         Terms used in this announcement shall, unless the context otherwise 
requires, bear the meanings given to them in the prospectus published by the 
 Company on 26 September 2018 which can be found on the Company's website at 
            www.mandg.co.uk/CreditIncomeInvestmentTrust [1]. 
 
            For further information please contact: 
 
            M&G Credit Income Investment Trust plc  01392 477500 
James Poole, Link Company Matters Limited, Company 
                                         Secretary 
 
                    Winterflood Securities Limited 020 3100 0000 
                                       Neil Morgan 
 
                                       Chris Mills 
 
            M&G Credit Income Investment Trust plc LEI: 549300E9W63X1E5A3N24 
 
      The content of this announcement has been prepared by, and is the sole 
            responsibility of, M&G Credit Income Investment Trust plc. 
 
     Winterflood Securities Limited ("Winterflood"), which is authorised and 
      regulated in the United Kingdom by the Financial Conduct Authority, is 
acting only for the Company in connection with the matters described in this 
announcement and is not acting for or advising any other person, or treating 
         any other person as its client, in relation thereto and will not be 
  responsible for providing the regulatory protection afforded to clients of 
         Winterflood or advice to any other person in relation to the matter 
            contained herein. 
 
     None of M&G Alternatives Investment Management Limited (the "Investment 
Manager") or Winterflood, or any of their respective affiliates, accepts any 
   responsibility or liability whatsoever for or makes any representation or 
 warranty, express or implied, as to this announcement, including the truth, 
accuracy or completeness of the information in this announcement (or whether 
     any information has been omitted from the announcement) or for any loss 
    howsoever arising from any use of the announcement or its contents aside 
  from the responsibilities and liabilities, if any, which may be imposed by 
    FSMA, as amended, or the regulatory regime established thereunder or any 
  other applicable regulatory regime. The Investment Manager and Winterflood 
  and their respective affiliates accordingly disclaim all and any liability 
   whether arising in tort, contract or otherwise which they might otherwise 
have in respect of this announcement or its contents or otherwise arising in 
            connection therewith. 
 
ISIN:           GB00BFYYL325, GB00BFYYT831 
Category Code:  MSCH 
TIDM:           MGCI 
LEI Code:       549300E9W63X1E5A3N24 
OAM Categories: 3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   7299 
EQS News ID:    771169 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=461eb805a5f552e72d0b5024cc725dcd&application_id=771169&site_id=vwd_london&application_name=news 
 

(END) Dow Jones Newswires

January 31, 2019 02:01 ET (07:01 GMT)