Last checked at 
24 Jan 2017 11:58
TwentyFour Income Fund - Issue of EquityTwentyFour Income Fund - Issue of Equity
PR Newswire
London, January 24
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in TwentyFour Income Limited or securities in any other entity, in any jurisdiction, including the United States, 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, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.
24 January 2017
TwentyFour Income Fund Limited(a non-cellular company limited by shares incorporated in the Island of Guernsey under the Companies (Guernsey) Law 2008, as amended, with registered number 56128 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)
Issue of equity
The board of TwentyFour Income Fund Limited (the "Company") announces that it has today issued for cash under the Placing Programme (as described in the Company's Prospectus, dated 29 January 2016) 39,000,000 new ordinary redeemable shares of 1p each in the capital of the Company (the "Shares") at a price of 110.47p equivalent to the net asset value ("NAV") per Share as published on Monday, 23 January 2017.
The Shares will be immediately repurchased by the Company, at the same prices (being the latest published NAV per share), to be held in treasury.
The Shares held in treasury will be available to be sold to meet ongoing market demand. These shares will be issued at a premium to the then prevailing NAV per share.
As a result of this issue of equity, the Company's issued share capital will consist of 432,314,151 ordinary shares of which 39,000,000 ordinary redeemable shares of 1p each are held in treasury.
It is expected that dealings in the Shares will commence at 8.00 a.m. on 26 January 2017.
For further information, please contact:
| Numis Securities Limited Chris Gook (Sales) Hugh Jonathan (Corporate Broking & Advisory) Nathan Brown (Corporate Broking & Advisory) | +44 (0)20 7260 1000 |
| TwentyFour Income Fund Limited John Magrath Alistair Wilson | +44 (0)20 7015 8900 |
Important Information
This announcement has been prepared by, and is the sole responsibility of, TwentyFour Income Fund Limited (the "Company"). This announcement has been prepared for information purposes only, it is not a prospectus.
Numis Securities Limited 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 Numis Securities Limited or advice to any other person in relation to the matters contained herein.
The Company is not and will not be registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”) and investors will not be entitled to the benefits of the Investment Company Act. The Shares have not been, nor will they be, registered under the US Securities Act of 1933, as amended (the "Securities Act") 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, Japan, the Republic of Ireland or the Republic of South Africa or any other jurisdiction that is a member state of the European Economic Area (other than the United Kingdom). Subject to certain exceptions, the Shares may not be offered or sold in the United States, Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or any other jurisdiction that is a member state of the European Economic Area (other than the United Kingdom) or to or for the account or benefit of any national, resident or citizen of any member state of the European Economic Area (other than the United Kingdom), Australia, Canada, Japan, the Republic of Ireland or the Republic of South Africa or any person located in the United States. The issue of Shares 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.
This announcement includes "forward-looking statements". All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding the Company's business strategy and plans 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 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 Financial Services Act 2012, the Listing Rules or Prospectus Rules of the Financial Conduct Authority or other applicable laws, regulations or rules.