GLIF.L Regulatory News (GLIF)

5 Aug 2005 08:00

T2 Income Fund Limited 05 August 2005 Not for distribution in the United States, Australia, Canada or Japan T2 INCOME FUND LIMITED SHARES COMMENCE TRADING ON AIM GUERNSEY, 5 August 2005 - T2 Income Fund Limited ('T2' or the 'Company') (T2I: AIM) is pleased to announce that it has been admitted to trading on the Alternative Investment Market (AIM) of the London Stock Exchange plc, and that its ordinary shares commenced trading today on AIM under the symbol 'T2I'. The Company raised £38,000,000 in gross proceeds in a placing of 38,000,000 ordinary shares at 100p per share. Grant Thornton Corporate Finance is the Company's Nominated Adviser and JPMorgan Cazenove Limited is the Company's Broker. ABOUT T2 INCOME FUND LIMITED: T2 is a newly established closed-ended Guernsey exempt investment company which is managed by T2 Advisers, LLC and invests primarily in the debt and equity securities of small to medium sized companies primarily in the United Kingdom and elsewhere in Europe, with a particular focus on technology-related companies. T2 seeks to achieve a high level of current income by investing in debt securities and to obtain long-term capital growth through the acquisition of equity interests, which may be acquired as part of the Company's debt investment, or separately. FOR FURTHER INFORMATION CONTACT: Matthew Bass T2 Advisers, LLC +1 203 983 5360 Grant Thornton Corporate Finance and JP Morgan Cazenove Limited are acting for the Company and no one else in connection with the placing and admission of the shares and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the placing and admission or any other matter referred to herein. This announcement and the information contained herein is not for publication, distribution or release in, or into, directly or indirectly, the United States. This announcement does not constitute, or form part of, an offer or invitation to sell or issue, or any solicitation of an offer to purchase or subscribe for securities and any subscription for or purchase of, or application for, shares in the Company should only be made on the basis of information contained in the admission document dated 1 August 2005 which contains detailed information about the Company and its management. This announcement does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States. The Company is not, and will not be, registered under the U.S. Investment Company Act of 1940, as amended, and investors will not be entitled to the benefits of such Act. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The contents of this announcement include statements that are, or may deemed to be 'forward-looking statements'. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others, changes in the credit markets, changes in interest rates, legislative and regulatory changes, changes in taxation regimes and general economic and business conditions, particularly in the United Kingdom. These forward-looking statements speak only as at the date of this announcement. This information is provided by RNS The company news service from the London Stock Exchange