Blackstone/GSO Loan Financing Ltd Potential migration of listing (8064I)
June 22 2017 - 1:00AM
UK Regulatory
TIDMBGLF
RNS Number : 8064I
Blackstone/GSO Loan Financing Ltd
22 June 2017
Blackstone / GSO Loan Financing Limited
("BGLF" or the "Company")
22 June 2017
Migration to the Premium Segment of the Main Market of the
London Stock Exchange and listing on the Official List of the UK
Listing Authority
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.
Background
BGLF's investment objective is to provide shareholders with
stable and growing income returns and to grow the capital value of
the investment portfolio by exposure predominantly to floating rate
senior secured loans directly and indirectly through collateralized
loan obligation securities and investments in loan warehouses. The
Company achieves its investment objective through its exposure to
Blackstone / GSO Corporate Funding. The Company is currently
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange (the "LSE").
BGLF announces its intention to apply to the UK Listing
Authority ("UKLA") for admission of the Company's shares to a
premium listing on the Official List and to the LSE for trading of
the Company's shares on the Premium Segment of the Main Market of
the LSE. As the Company grows, the Directors believe that the
Company will benefit over time from such a migration to listing on
the Official List as it anticipated that this will broaden its
appeal to a wider range of shareholders. The Company also intends
to redenominate its market quote on the London Stock Exchange from
Euro into Sterling, such that its shares may become eligible for
inclusion in applicable indices. Any migration would be subject to
the Company meeting the relevant eligibility criteria and approval
by the UK Listing Authority. The Company will provide an update in
due course.
- End -
Contacts:
BNP Paribas
Siobhan Lavery 01534 709 181
Fidante Capital
Katie Standley 020 7832 0900
N+1 Singer Advisory
LLP
Gillian Martin 020 7496 300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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