AcenciA Debt Strategies Limited Half Yearly Report (7794P)
August 21 2014 - 10:31AM
UK Regulatory
TIDMACD
RNS Number : 7794P
AcenciA Debt Strategies Limited
21 August 2014
ACENCIA DEBT STRATEGIES LIMITED
(The "Company")
(Registered in Guernsey - Number 43787)
Registered Office:
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 4NA
Telephone: +44 1481 737600
Facsimile: +44 1481 749810
For immediate release 21 August 2014
---------------------- ---------------
Interim Results for the six months ended 30 June 2014
AcenciA Debt Strategies Ltd ("AcenciA" or the "Company"), the
closed-ended investment company listed on the London Stock
Exchange, today announces its unaudited interim results for the six
months ended 30 June 2014.
http://www.rns-pdf.londonstockexchange.com/rns/7794P_-2014-8-21.pdf
Highlights
-- Net asset value ("NAV") per share at 30 June 2014 increased
by 3.5% to 111.65p and the share price by 9.0% to 107.25pence
(taking account of dividends paid in both cases)
-- An interim dividend of 1.99p was declared, representing an
annualised dividend yield of 3.7% based on the closing share price
of the Company of 107.00 pence on 20 August 2014
James Le Pelley, Chairman of AcenciA, said "I have pleasure in
presenting you with the Interim Report of AcenciA Debt Strategies
which covers another successful period. Despite markets at times
appearing somewhat benign on the surface, it has been anything but
underneath. This however should provide an optimal environment for
multi-strategy credit investors and I am pleased that our managers'
extensive experience has enabled them to deliver the consistent low
volatility return stream that we seek to offer to our
investors."
As previously communicated with our investors, The Board has
held discussions with the Investment Manager about a continuation
option after many expressed an interest in remaining invested. The
Proposals are still to be finalised but the key features would
include a Tender Offer for shareholders who wish to exit up to a
certain maximum percentage and assuming this is not exceeded, a
proposal to extend the life of the Company to 2017. If either the
maximum percentage is exceeded or the necessary resolutions are not
passed, a resolution for the winding-up of the Company on 31
December 2014 will be put to shareholders.
For further information, please contact:
Saltus Partners LLP, Jon Macintosh
+ 44 20 7408 7765
Canaccord Genuity Limited, David Yovichic
+44 20 7523 8361
Kepler Partners LLP, Hugh van Cutsem
+44 20 3384 8796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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