16 Nov 2015 14:46
The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member states of the European Economic Area (other than the United Kingdom), Canada, Australia, Japan or South Africa.
16 November 2015
Ranger Direct Lending Fund PLC
(the "Company")
C Share Issue
Further to the announcement made by the Company on 10 November 2015, the Company is pleased to announce that it has today published a prospectus (the "Prospectus") relating to a placing and intermediaries offer for a target issue of 13.5 million C Shares at a price of £10.00 per C Share to raise £135 million (the "Issue").1
The Company is also pleased to announce the commencement of the intermediaries offer ("Intermediaries Offer") today under which retail investors can apply for C Shares through stockbrokers and share dealing providers who are participating as intermediaries. The Intermediaries Offer closes at 5:00 p.m. on 24 November 2015.
A list of the firms acting as intermediaries for the Intermediaries Offer, and a copy of the Prospectus, will shortly be available on the Company's website at www.RangerDirectLending.com. Copies of the Prospectus are also available free of charge during normal business hours from the Company's registered office, 40 Dukes Place, London EC3A 7NH.
The Prospectus has been submitted to the National Storage Mechanism and will shortly be available at http://www.hemscott.com/nsm.do.
http://rangerdirectlending.com/documents/
For further information, please contact:
Capita Company Secretarial Services Limited Secretary
| +44 (0)20 7954 9569 |
Ranger Capital Group Bill Kassul Scott Canon
| via Redleaf PR |
Liberum Capital Limited Simon Atkinson Tom Fyson Joshua Hughes
| +44 (0)20 3100 2000 |
Media enquiries Redleaf Communications Rebecca Sanders-Hewett Richard Gotla David Ison Susie Hudson
| ranger@redleafpr.com + 44 (0)20 7382 4731 |
Intermediary Offer enquiries: Scott Harris Jeremy Wiseman Jamie Blewitt
| +44 (0)20 7653 0030 |
Expected Timetable |
| 2015 |
Latest time and date for receipt of completed application forms from the Intermediaries in respect of the Intermediaries Offer |
| 5.00 p.m. on 24 November
|
Latest time and date for commitments under the Placing |
| 12.00 p.m. on 25 November |
Publication of results of the Issue |
| 26 November |
Admission and commencement of dealings in the C Shares issued under the Issue |
| 8.00 a.m. on 30 November |
CREST accounts credited in respect of uncertificated C Shares issued under the Issue |
| 8.00 a.m. on 30 November |
Where applicable, share certificates despatched in respect of C Shares issued under the Issue |
| Week commencing 14 December |
Times and dates are subject to change. |
|
|
Issue Statistics
Target size of the Placing and Intermediaries Offer |
| £135 million1 |
Issue price per C Share for the Issue |
| £10 |
Target estimated Net Proceeds receivable by the Company |
| £133 million |
IMPORTANT INFORMATION
This announcement which has been prepared by, and is the sole responsibility of, the Directors of the Company has been approved solely for the purposes of section 21 of the Financial Services and Markets Act 2000 by Liberum Capital Limited ("Liberum"), which is authorised and regulated by the Financial Conduct Authority.
This announcement is an advertisement and does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor. Copies of the prospectus published by the Company will be available from the Company's registered office.
Recipients of this announcement who are considering acquiring C Shares following publication of the prospectus are reminded that any such acquisition must be made only on the basis of the information contained in the prospectus which may be different from the information contained in this announcement. The subscription for C Shares is subject to specific legal or regulatory restrictions in certain jurisdictions. Persons distributing this announcement must satisfy themselves that it is lawful to do so. The Company assumes no responsibility in the event that there is a violation by any person of such restrictions.
This document may not be published, distributed or transmitted by any means or media, directly or indirectly, in whole or in part, in or into the United States. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and will 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 (as defined under Regulation S under the US Securities Act). The Company has not been, and will not be, registered under the U.S. Investment Company Act of 1940, as amended.
Neither this announcement nor any copy of it may be: (i) taken or transmitted into or distributed in any member state of the European Economic Area (other than the United Kingdom), Canada, Australia or the Republic of South Africa or to any resident thereof, or (ii) taken or transmitted into or distributed in Japan or to any resident thereof. Any failure to comply with these restrictions may constitute a violation of the securities laws or the laws of any such jurisdiction. The distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.
This announcement may include "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements.
Forward-looking statements are subject to risks and uncertainties and accordingly the Company's actual future financial results and operational performance may differ materially from the results and performance expressed in, or implied by, the statements. These factors include but are not limited to those described in the formal prospectus. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect actual results or any change in the assumptions, conditions or circumstances on which any such statements are based unless required to do so by the Financial Services and Markets Act 2000, the Listing Rules or Prospectus Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.
Liberum, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, 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 Liberum or advice to any other person in relation to the matters contained herein. Neither Liberum nor any of its directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of, the information in this announcement (or whether any information has been omitted from the announcement) or any information relating to the Company, whether written, oral or in a visual or electronic format, and howsoever transmitted or made available or any loss howsoever arising from any use of this announcement or its contents or otherwise in connection with it.
1The Directors have reserved the right, in consultation with Liberum, to increase the size of the Issue to up to 16.5 million C Shares if overall demand exceeds 13.5 million C Shares, with any such increase being announced through a Regulatory Information Service.