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16 Nov 2017 12:20
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815.Additional Listing
GCP Asset Backed, which invests in asset backed loans, has made an application for 120,619 ordinary shares of no par value each in the Company to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange. It is expected that these new ordinary shares will be admitted to trading on 24 November 2017.
The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 July 2017 to 30 September 2017 (the "Q3 Dividend"). Elections for a scrip dividend were received in respect of 3.43% of the ordinary shares in issue as at the record date of 27 October 2017. When issued, these new ordinary shares will rank pari passu with the existing ordinary shares.
Further details of the scrip dividend alternative can be found in the Scrip Dividend Circular 2017 which was published by the Company on 28 July 2017, a copy of which is available for inspection at www.morningstar.co.uk/uk/NSM and on the Company's website at https://www.graviscapital.com/funds/gcp-asset-backed.
Following admission of the new ordinary shares, the Company's issued share capital will consist of 242,966,606 ordinary shares of no par value each and 75,000,000 C shares in issue. With effect from 24 November 2017, the total number of issued shares with voting rights will be 317,966,606.
The above figure of 317,966,606 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 of a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
David Conlon david.conlon@graviscapital.com
Philip Kent philip.kent@graviscapital.com
Dion Di Miceli dion.dimiceli@graviscapital.com
Cenkos Securities plc +44 (0)20 7397 8900
Tom Scrivens tscrivens@cenkos.com
Oliver Packard opackard@cenkos.com
Sapna Shah sshah@cenkos.com
Buchanan +44 (0)20 7466 5000
Charles Ryland charlesr@buchanan.uk.com
Victoria Hayns victoriah@buchanan.uk.com
Notes to Editors
The Company
GCP Asset Backed is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.
The Company seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.
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