TwentyFour Income Fund - Result of Reorganisation
PR Newswire
London, September 12
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
13 September 2019
TwentyFour Income Fund Limited
("TFIF" or the "Company")
(a closed-ended investment company incorporated in Guernsey with registration number 56128 )
LEI: 549300CCEV00IH2SU369
Result of Reorganisation
Following the Company's announcement on 6 September 2019 in relation to the result of the Realisation Election, the Board is pleased to announce that 6,000,000 Ordinary Shares of the Realisation Elections have been placed in the market at the Redemption Price. The remaining Realisation Elections of 18,349,342 Ordinary Shares, have been purchased for cancellation by the Company at the Redemption Price.
The Board is pleased at the outcome of the second Realisation Opportunity, which has again provided a liquidity opportunity for the TFIF shareholders and the Company remains a sizeable ongoing vehicle.
Following the purchase and cancellation of the above shares, the Company's issued share capital will comprise 504,714,809 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Unless otherwise defined, capitalised words and phrases used in this announcement shall have the meaning given in the Circular.
For further information, please contact:
TwentyFour Asset Management LLP +44 (0)20 7015 8900
John Magrath
Alistair Wilson
Numis Securities Limited +44 (0)20 7260 1000
Nathan Brown
Hugh Jonathan
IMPORTANT NOTICES
This Announcement has been issued for information purposes only, it is not a prospectus. This Announcement does not constitute or form part of and may not be construed as an offer to sell, or an invitation to purchase, investments of any description, nor as a recommendation regarding the possible offering or the provision of investment advice by any party. No information in this announcement should be construed as providing financial, investment or other professional advice and each prospective investor should consult its own legal, business, tax and other advisers in evaluating any investment opportunity. It is issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made to, or in relation to, and no responsibility or liability is or will be accepted by Numis Securities Limited ("Numis") or by any of its affiliates or agents as to or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
Numis is authorised and regulated by the Financial Conduct Authority. Numis is acting for the Company as its sponsor, broker and financial advisor and is not acting for anyone else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for providing the protections afforded to customers of Numis nor providing advice in relation to Realisation or any matters referred to therein. To the fullest extent permitted by law recipients agree that Numis shall not have any liability (direct or indirect) for or in connection with this Announcement or any matters arising out of or in connection herewith. Numis has not authorised the contents of, or any part of, this document.
The distribution of this Announcement in certain jurisdictions may be restricted by law. No action has been taken by the Company or Numis that would permit an offering of any Ordinary Shares or possession or distribution of this Announcement or any other offering or publicity material relating to such Ordinary Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this Announcement comes are required by the Company and Numis to inform themselves about, and to observe, such restrictions.
The information contained in this Announcement is subject to change without notice and neither the Company nor Numis assume any responsibility or obligation to update publicly.
