SQN Asset Finance Income Fund Ltd Completion of Capital Return (4244P)
May 29 2018 - 1:01AM
UK Regulatory
TIDMSQN
RNS Number : 4244P
SQN Asset Finance Income Fund Ltd
29 May 2018
29 May 2018
SQN Asset Finance Income Fund Limited
Completion of Capital Return
Further to the announcement on 1 May 2018 in relation to a
proposed capital return of GBP40 million, SQN Asset Finance Income
Fund Limited (the "Company"), the leading diversified equipment
leasing fund listed in the UK, today announces 41,075,778 C Shares,
approximately 22.82% of the C Shares in issue, were redeemed at a
price of 98.32 pence per C Share on 25 May 2018 (the "Redemption").
Accordingly, 138,924,222 C Shares remain in issue. Fractions of
shares have not been redeemed and so the number of C Shares
redeemed from each holder of C Shares was rounded down to the
nearest whole number of C Shares.
The remaining C Shares, which have not been redeemed, will trade
under a new ISIN GG00BFXYHJ13 (the "New ISIN"), which will be
enabled and available for transactions from 8.00 a.m. today, 29 May
2018. CREST will automatically transfer any open transactions to
the New ISIN.
It is expected that payments of redemption monies will be
effected either through CREST (in the case of C Shares held in
uncertificated form) or by cheque (in the case of C Shares held in
certificated form) by 11 June 2018.
Following the Redemption, the total number of voting rights of
the C Shares is 138,924,222 and the total number of voting rights
of the Ordinary Shares is 356,760,141, excluding shares held in
treasury. The total number of Ordinary Shares held in treasury is
947,366; there are no C Shares held in treasury. As such, the
aggregate voting rights figure of 495,684,363 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
a change to their interest, in the Company under the FCA's
Disclosure Guidance and Transparency Rules
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the circular
published by the Company on 1 May 2018.
For further information please contact:
BNP Paribas
Sharon A Williams 01481 750 853
Winterflood Securities Limited 020 3100 0000
Neil Langford
Chris Mills
Buchanan
Charles Ryland
Henry Wilson 020 7466 5000
Notes to Editor
The Company invests in equipment lease and asset finance
arrangements across a diverse portfolio of assets and industries
predominantly in the UK, Northern Europe and US. The Company
focuses on business-essential, revenue-producing (or cost saving)
equipment and other assets with high in-place value and long
economic life relative to the investment term.
The Company's Investment Managers are SQN Capital Management,
LLC, a Registered Investment Advisor with the United States
Securities and Exchange Commission and its subsidiary, SQN Capital
Management (UK) Limited. The principals responsible for managing
the portfolio are Jeremiah Silkowski and Neil Roberts.
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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