14 Jul 2014 07:00
14 July 2014
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
SQN Asset Finance Income Fund Limited
First day of dealings
Further to its oversubscribed Placing and Offer for Subscription, SQN Asset Finance Income Fund Limited (the "Company"), the only diversified equipment leasing fund listed in the UK, is pleased to announce the commencement of dealings in its ordinary shares at 08.00 am today on the Main Market of the London Stock Exchange and admission to the premium segment of the Official List of the UK Listing Authority ("Admission").
Following scale back, applications were accepted in respect of 122,147,972 ordinary shares under the placing and 27,852,028 ordinary shares under the offer for subscription at an issue price of 100 pence per ordinary share.
The total number of ordinary shares in the Company in issue immediately following Admission is 150,000,000, each with voting rights. This total voting rights figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in the Company under the Disclosure and Transparency Rules of the Financial Conduct Authority.
The Shares will trade under the ticker "SQN" (ISIN: GG00BN56JF17).
The Prospectus in relation to the placing and offer for subscription for up to 150,000,000 ordinary shares has been submitted to the National Storage Mechanism and is available from the website www.morningstar.co.uk/uk/nsm.
For further information please contact:
SQN Capital Management, LLC Jeremiah Silkowski Neil Roberts
| +44 (0)20 3214 9000 |
Winterflood Investment Trusts Joe Winkley Neil Langford
| +44 (0)20 3100 0000 |
Buchanan Charles Ryland Sophie McNulty | +44 (0)20 7466 5000 |
The content of this announcement, which has been prepared by and is the sole responsibility of SQN Asset Finance Income Fund Limited, has been approved by Winterflood Securities Limited ("Winterflood") solely for the purposes of section 21(2) (b) of the Financial Services and Markets Act 2000 (as amended).
This announcement is an advertisement. It does not constitute a prospectus relating to SQN Asset Finance Income Fund Limited and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or 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.
Recipients of this announcement who are considering acquiring shares in the Company 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.
Winterflood, which is authorised and regulated 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 matters contained herein.
The shares of the Company have not been, nor will they be, registered under the US Securities Act of 1933, as amended or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada or Japan. Further, the Company will not be registered under the US Investment Company Act of 1940, as amended. Subject to certain exceptions, the shares of the Company may not be offered or sold in any member state of the EU other than the United Kingdom, the United States of America, Canada, Australia or Japan or to or for the account or benefit of any national, resident or citizen of any member state of the EU other than the United Kingdom, Canada, Australia or Japan or any person located in the United States. The Issue and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.