TIDMFCIF
RNS Number : 1480W
Funding Circle SME Income Fund Ltd
06 February 2017
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS (AS SUCH TERM IS
DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS
AMED), OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA,
JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION WHERE TO
DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
This announcement is an advertisement and not a prospectus. It
does not constitute an offer of securities for sale or subscription
in any jurisdiction. Investors should not subscribe for or purchase
any securities referred to in this announcement except in
compliance with applicable securities laws and only on the basis of
information in the Prospectus referred to below. Following
publication the Prospectus will be available for inspection,
subject to applicable securities laws, from the Company's website:
http://fcincomefund.com.
6 February 2017
Funding Circle SME Income Fund Limited
Publication of a Prospectus
Funding Circle SME Income Fund Limited (the "Company") is
pleased to announce the publication today of a prospectus (the
"Prospectus") in relation to potential issues of new Ordinary
Shares and/or C Shares by way of a twelve month share issuance
programme (the "Share Issuance Programme").
Richard Boléat, Chairman, commented:
"As foreshadowed in my statement accompanying the Company's
interim financial statements published on 11(th) November 2016, the
Company has now published documentation to facilitate its intention
to grow through fresh equity issuance during the course of the next
year. Demand for the Company's shares is healthy, as evidenced by
their current premium to NAV, and I look forward to making further
announcements in due course in respect of specific issuance
proposals."
The Prospectus has been approved by the UK Listing Authority and
is available at http://fcincomefund.com and will shortly be made
available for inspection at The National Storage Mechanism at
www.morningstar.co.uk/uk/NSM.
Numis Securities Limited ("Numis") is acting as sole sponsor in
relation to the publication of the Prospectus and global
co-ordinator and bookrunner in relation to the Share Issuance
Programme. Investors interested in participating in the Share
Issuance Programme should contact their usual contact at Numis. Any
purchase of Ordinary Shares or C Shares in the Share Issuance
Programme should be made solely on the basis of the information
contained in the Prospectus (and any supplementary prospectus
produced to supplement the information contained in this
Prospectus).
Enquiries
Numis Securities Limited
Nathan Brown (Corporate
Broking & Advisory)
James Glass (Sales) +44 (0)20 7260 1000
Funding Circle SME Income
Fund Limited
Richard Boléat (Chairman) +44 (0)15 3461 5656
Website http://fcincomefund.com
FURTHER INFORMATION
Capitalised terms used in this announcement shall have the
meaning given to them in the Prospectus (unless the context
otherwise requires).
ABOUT FUNDING CIRCLE SME INCOME FUND LIMITED
The Company is a registered closed-ended collective investment
scheme registered pursuant to the Protection of Investors
(Bailiwick of Guernsey) Law, 1987, as amended and the Registered
Collective Investment Scheme Rules 2015 issued by the Guernsey
Financial Services Commission ("GFSC").
The Company's investment objective is to provide Shareholders
with a sustainable and attractive level of dividend income,
primarily by way of investment in Credit Assets as defined in the
Company's Prospectus.
IMPORTANT NOTICES
This announcement contains "forward-looking" statements, beliefs
or opinions. These forward-looking statements involve known and
unknown risks and uncertainties, many of which are beyond the
control of the Company and all of which are based on its directors'
current beliefs and expectations about future events.
Forward-looking statements are sometimes identified by the use of
forward-looking terminology such as "believes", "expects", "may",
"will", "could", "should", "shall", "risk", "intends", "estimates",
"aims", "plans", "predicts", "projects", "continues", "assumes",
"positioned" or "anticipates" or the negative thereof, other
variations thereon or comparable terminology, or by discussions of
strategy, plans, objectives, goals, future events, assumptions or
intentions. These forward-looking statements include all matters
that are not historical facts. Forward-looking statements may and
often do differ materially from actual results. They appear in a
number of places throughout this announcement and include
statements regarding the intentions, beliefs or current
expectations of the Board or the Company with respect to future
events and are subject to risks relating to future events and other
risks, uncertainties and assumptions relating to the Company's
business concerning, amongst other things, the financial
performance, liquidity, prospects, growth and strategies of the
Company. These forward-looking statements and other statements
contained in this announcement regarding matters that are not
historical facts involve predictions. No assurance can be given
that such future results will be achieved; actual events or results
may differ materially as a result of risks and uncertainties facing
the Company. Such risks and uncertainties could cause actual
results to vary materially from the future results indicated,
expressed or implied in such forward-looking statements. The
forward-looking statements contained in this announcement speak
only as of the date of this announcement. Nothing in this
announcement is, or should be relied on as, a promise or
representation as to the future. The Company disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained in this
announcement to reflect any change in its expectations or any
change in events, conditions or circumstances on which such
statements are based unless required to do so by applicable law,
the Prospectus Rules, the Listing Rules, the Market Abuse
Regulation or the Disclosure Guidance and Transparency Rules of the
FCA. No statement in this announcement is intended as a forecast or
profit estimate.
Neither this announcement nor any copy of it may be made or
transmitted into the United States of America (including its
territories or possessions, any state of the United States of
America and the District of Columbia) (the "United States"), or
distributed, directly or indirectly, in the United States or to US
Persons (as such term is defined in Regulation S under the US
Securities Act of 1933, as amended (the "Securities Act"). Neither
this announcement nor any copy of it may be taken or transmitted
directly or indirectly into Australia, Canada, Japan or South
Africa or to any persons in any of those jurisdictions, except in
compliance with applicable securities laws. Any failure to comply
with this restriction may constitute a violation of United States,
Australian, Canadian, Japanese or South African securities laws.
The distribution of this announcement in other jurisdictions may be
restricted by law and persons into whose possession this
announcement comes should inform themselves about, and observe, any
such restrictions. This announcement does not constitute or form
part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for securities
in the United States, Australia, Canada, Japan or South Africa or
in any jurisdiction to whom or in which such offer or solicitation
is unlawful.
The Company has not been and will not be registered under the US
Investment Company Act of 1940, and investors will not be entitled
to the benefits thereof. In addition, any securities mentioned in
this announcement have not been and will not be registered under
the Securities Act or with any securities regulatory authority of
any state or other jurisdiction of the United States, and may not
be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act. There will not be any public offer of any Shares in
the United States.
Any securities referred to herein have not been registered under
the applicable securities laws of Australia, Canada, Japan or South
Africa and, subject to certain exceptions, may not be offered or
sold within Australia, Canada, Japan or South Africa.
Marketing for the purposes of the Directive 2011/61/EU (the
"AIFMD") by the Company and/or any third party on its behalf will
only take place in an EEA Member State if the Company is
appropriately registered or has otherwise complied with the
requirements under AIFMD (as implemented) necessary for such
marketing to take place.
This announcement is only addressed to and is only directed at
persons in EEA Member States who are "qualified investors" within
the meaning of Article 21(1)(e) of Directive 2003/71/EC, as amended
including by Directive 2010/73/EU. Any person who is not a
qualified investor should not act or rely on this document or any
of its contents.
Numis is authorised by the Financial Conduct Authority and is
acting for the Company and for no-one else in connection with the
arrangements described in this announcement and will not be
responsible to any other person for providing the protections
afforded to Numis customers in relation to such arrangements nor
for providing advice in relation to such arrangements or the
contents of this announcement.
This announcement has been prepared by and is the sole
responsibility of the Company. This announcement is not intended
for distribution to, or use by, any person in any jurisdiction
where such distribution or use would be contrary to local laws or
regulations.
Numis and its respective affiliates expressly disclaim any
obligation or undertaking to update, review or revise any
forward-looking statements contained in this announcement whether
as a result of new information, future developments or
otherwise.
Apart from the responsibilities and liabilities, if any, which
may be imposed on Numis under a regulatory regime of any
jurisdiction and where exclusion of liability under the relevant
regulatory regime would be illegal, void or unenforceable, neither
Numis nor any of its respective affiliates accept any
responsibility whatsoever for, or make any representation or
warranty, express or implied, as to the contents of this
announcement or for any other statement made or purported to be
made by it, or on its behalf, in connection with the Company or any
issue of securities mentioned in this announcement. In this respect
nothing in this announcement may be relied upon as a promise or
representation as to the past or future. Numis and its affiliates
accordingly disclaim all and any responsibility or liability,
whether arising in tort, contract or otherwise (save as referred to
above) in respect of this announcement or any such statement.
Neither the content of the Company's website nor any website
accessible by hyperlinks on the Company's website is incorporated
in, or forms part of, this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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