Fri, 20th Jun 2014 14:40
AcenciA Debt Strategies Ltd
Registered Office: Sarnia House, Le Truchot, St Peter Port, Guernsey
Registered Number: 43787
20 June 2014
Enhanced Share Buy-back Programme: Narrowing of Discount Target
On 3 July 2013 the board announced a Discount Target of 10% below net asset value. This target was reduced to 7.5% in January 2014.
The board today announces that the Discount Target is reduced from 7.5% to 2.5%. The board will keep this target under review and reserves the right to amend it upwards or downwards during the course of the year.
To the extent that the shares trade at a discount wider than this Discount Target the board intends to use available liquidity to repurchase and cancel shares, unless it believes that it would not be in shareholders' interest to do so at the time in the light of the prevailing market conditions or any other such factor.
Saltus Partners LLP
Tel: +44 (0) 207 499 0200
Fax: +44 (0) 203 601 0853
Praxis Fund Services Limited
Tel: +44 (0) 1481 737600
Fax: +44 (0) 1481 749810