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

M&G Credit Income Investment Trust plc (MGCI) 
M&G Credit Income Investment Trust plc: Results of the Placing 
 
04-Jun-2020 / 07:00 GMT/BST 
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. 
 
4 June 2020 
 
      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 that the Company has raised GBP14.3 million pursuant to 
          the placing announced on 26 May 2020 (the "Placing Announcement"). 
Accordingly, the Company will issue a total of 14,745,770 ordinary shares of 
 one penny each (the "Shares") at the Placing Price of 97.0 pence per Share. 
 
     The net proceeds of the Placing will be invested in accordance with the 
        Company's investment policy and to take advantage of the significant 
opportunities that the Company's investment manager is seeing in the private 
            debt markets. 
 
Applications have been made to the Financial Conduct Authority for admission 
  of 14,745,770 new Shares to listing on the premium segment of the Official 
    List and to London Stock Exchange plc for admission of the new 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 8 June 2020 and that dealings in the Shares will commence at that 
            time. 
 
 All Shares issued pursuant to the Placing will, when issued and fully paid, 
  confer the right to receive all dividends or other distributions declared, 
  if any, by reference to a record date after the date of their issue and in 
           all other respects will rank pari passu with the existing Shares. 
 
    Immediately following Admission, the Company's issued share capital will 
consist of 144,745,771 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. 
 
          The Placing is conditional, among other things, on Admission being 
            effective. 
 
         Terms used in this announcement shall, unless the context otherwise 
requires, bear the meanings given to them in the Placing Announcement, 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 020 7954 9529 
   Nicola Lambourne, 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. 
 
  Neither the content of the Company's website nor any website accessible by 
   hyperlinks to the Company's website is incorporated in, or forms part of, 
            this announcement. 
 
     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. 
 
The securities referred to in this announcement have not been registered and 
will not be registered in the United States under the U.S. Securities Act of 
 1933, as amended (the "Securities Act"), the U.S. Investment Company Act of 
    1940, as amended, (the "Investment Company Act") or any other applicable 
securities laws and may not be offered, sold, exercised, resold, transferred 
 or delivered, directly or indirectly, in or into the United States or to or 
          for the account or benefit of any US Person (within the meaning of 
     Regulation S under the Securities Act), except pursuant to an exemption 
  from, or in a transaction not subject to, the registration requirements of 
 the Securities Act and in compliance with any applicable securities laws of 
            any state or other jurisdiction in the United States, and under 
  circumstances that that would not result in the Company being in violation 
            of the Investment Company Act. 
 
 This announcement is not for publication, release or distribution, directly 
 or indirectly, in whole or in part, in or into the United States or to U.S. 
 Persons or in or into Canada, Australia, New Zealand, The Republic of South 
  Africa or Japan or any other jurisdiction where it is unlawful to publish, 
           release or distribute this announcement or to persons in any such 
            jurisdiction. 
 
       The distribution of this announcement in certain jurisdictions may be 
restricted by law and/or regulation. Persons receiving this announcement are 
   required to inform themselves about and to observe any such restrictions. 
 
ISIN:           GB00BFYYL325, GB00BFYYT831 
Category Code:  ROI 
TIDM:           MGCI 
LEI Code:       549300E9W63X1E5A3N24 
OAM Categories: 2.5. Total number of voting rights and capital 
                3.1. Additional regulated information required to be 
                disclosed under the laws of a Member State 
Sequence No.:   67834 
EQS News ID:    1062487 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=461eb805a5f552e72d0b5024cc725dcd&application_id=1062487&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

June 04, 2020 02:00 ET (06:00 GMT)