Sequoia Economic Infra Inc Fd Ld Issue of Shares (1362T)
July 16 2020 - 1:02AM
UK Regulatory
TIDMSEQI
RNS Number : 1362T
Sequoia Economic Infra Inc Fd Ld
16 July 2020
16 July 2020
Sequoia Economic Infrastructure Income Fund Limited
(the "Company")
Issue of Shares in connection with the payment of Investment
Adviser fees
The Company announces that it has issued today 269,368 ordinary
shares of no par value each ("New Ordinary Shares") to Sequoia
Investment Management Company, the Company's Investment Adviser, in
relation to fees payable for the three month period ended 30 June
2020. The New Ordinary Shares have been issued pursuant to the
Investment Advisory Agreement ("IAA"), details of which were
disclosed in the prospectus published by the Company on 10 February
2020.
The New Ordinary Shares are being issued at 103.6375 pence per
share which represents the closing ordinary share price, on 14 July
2020, of 105.20 pence, less the dividend declared for the three
month period ended 30 June 2020 of 1.5625 pence per ordinary
share.
Applications will be made for the New Ordinary Shares to be
admitted to the premium segment of the Official List, and to
trading on the London Stock Exchange's Main Market for listed
securities ("Admission"). It is expected that Admission will become
effective and dealings in the New Ordinary Shares will commence at
8am on 31 July 2020. The New Ordinary Shares will rank pari passu
with the ordinary shares already in issue.
Following Admission, the Company's issued share capital will
consist of 1,654,940,816 ordinary shares. Therefore, the total
number of voting rights of the Company is 1,654,940,816 and this
figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or of a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Sequoia Investment Management
Company
Steve Cook
Dolf Kohnhorst
Randall Sandstrom
Greg Taylor +44 (0) 20 7079 0480
Jefferies International Limited
(Corporate Broker & Financial
Adviser)
Neil Winward
Gaudi Le Roux +44 (0) 20 7029 8000
Tulchan Communications (Financial
PR)
Elizabeth Snow
Martin Pengelley
Deborah Roney +44 (0) 20 7353 4200
Praxis Fund Services Limited (Company
Secretary)
Matt Falla
Katrina Rowe +44 (0) 1481 755530
About Sequoia Economic Infrastructure Income Fund Limited
The Company is a Guernsey registered closed-ended investment
company that seeks to provide investors with regular, sustained,
long-term distributions and capital appreciation from a diversified
portfolio of senior and subordinated economic infrastructure debt
investments. The Company is advised by Sequoia Investment
Management Company Limited.
LEI: 2138006OW12FQHJ6PX91
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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