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7 Mar 2016 14:53
TWENTYFOUR INCOME FUND - Correction to issue of equity announcementTWENTYFOUR INCOME FUND - Correction to issue of equity announcement
PR Newswire
London, March 7
7 March 2016
TwentyFour Income Fund Limited
(“TFIF” or the “Company”)
Correction to Issue of equity announcement published on 3 March 2016
The previous announcement did not specify that the 400,000 new ordinary redeemable shares of 1p each in the capital of the Company were issued under the Placing Programme to satisfy market demand and to raise further money for investment in accordance with the Company’s investment policy.
The correction is included in the full text of the replacement announcement, below:
3 March 2016
TwentyFour Income Fund Limited
(“TFIF” or the “Company”)
Issue of equity
TwentyFour Income Fund Limited (LSE: TFIF) is pleased to announce that, to satisfy market demand and to raise money for investment in accordance with the Company’s investment policy, 400,000 new ordinary redeemable shares of 1p each in the capital of the Company were issued today at a price of 102.59 pence per share (the “New Shares”) under the Placing Programme, raising £410,360 (before costs and expenses). The New Shares rank pari passu with the existing ordinary redeemable shares in issue. The issue price equates to a 1.6 per cent. premium to NAV of 103.58 pence per share as at 26 February 2016 less the interim dividend of 2.64 pence per share
Following this issue, the Company’s issued share capital comprises 315,420,417 ordinary shares. This figure of 315,420,417 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.
Applications will be made for the New Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities. Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 8 March 2016.
For further information, please contact:
TwentyFour Income Fund Limited +44 (0)20 7015 8900John MagrathAlistair Wilson
Numis Securities Limited +44 (0)20 7260 1282Nathan BrownHugh Jonathan