Secured Income Fund PLC B Share Scheme (4825X)
May 04 2021 - 6:16AM
UK Regulatory
TIDMSSIF
RNS Number : 4825X
Secured Income Fund PLC
04 May 2021
Secured Income Fund Plc
LEI: 213800TR2S2TT6PKVH57
4 May 2021
SECURED INCOME FUND PLC
(the "Company")
B Share Scheme
Pursuant to the authority received from shareholders at the
general meeting held on 23 March 2021, the Board has resolved to
return GBP3,686,224 to Shareholders via a second Return of Capital
by the issue of B Shares.
B Shares of GBP1 each will be paid up from capital and issued to
all Shareholders by way of a bonus issue pro-rata to their holding
of Ordinary Shares on the basis of one B Share for approximately
every Fourteen point Two Nine Ordinary Shares held at the Record
Date of 6.00 p.m. on 13 May 2021. The B Shares will be issued on 14
May 2021 and immediately redeemed at GBP1 per B Share. The
Redemption Date in respect of this Return of Capital is 14 May
2021. The proceeds from the redemption of the B Shares, which is
equivalent to 7.00 pence per Ordinary Share, will be sent to
uncertificated Shareholders through CREST or via cheque to
certificated Shareholders. The capital being returned represents
approximately 10.71 per cent. of the Company's Net Asset Value as
at 31 March 2021, being the latest published Net Asset Value.
Timetable
It is expected that the timetable will be as follows:
Record Date of second Return 6.00 p.m. on 13 May 2021
of Capital
Ex date in respect of second 14 May 2021
Return of Capital
Redemption Date of second Return 14 May 2021
of Capital
Payment date for CREST 21 May 2021
Dispatch of cheques in respect 21 May 2021
of certificated holders
All redemption payments will be paid gross of tax.
Following the issue and redemption of B shares on 14 May 2021
the total number of ordinary shares in issue will remain at
52,660,350 and the total number of voting rights in the Company is
52,660,350. There are no shares held in treasury.
The above figure of 52,660,350 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 Guidance and
Transparency Rules.
For further information please contact:
Directors
David Stevenson (Chair) tel: +44 7973 873785
Susan Gaynor Coley tel: +44 7977 130673
Brett Miller tel: +44 7770 447338
KKV Investment Management Ltd Investor.communications@kkvim.com
Catherine Halford Riera
finnCap Ltd. tel: +44 20 7220 0500
Corporate Finance: William Marle
/ Giles Rolls
Sales: Mark Whitfeld
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END
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