TIDMSSIF

RNS Number : 3676E

Secured Income Fund PLC

07 July 2021

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

7 July 2021

SECURED INCOME FUND PLC

(the "Company")

B Share Scheme

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return GBP3,159,621 to Shareholders via a third Return of Capital by the issue of B Shares.

B Shares of GBP1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every 16.67 Ordinary Shares held at the Record Date of 6.00 p.m. on 15 July 2021. The B Shares will be issued on 16 July 2021 and immediately redeemed at GBP1 per B Share. The Redemption Date in respect of this Return of Capital is 16 July 2021. The proceeds from the redemption of the B Shares, which is equivalent to 6 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders.

Timetable

It is expected that the timetable will be as follows:

 
 Record Date of third Return       6.00 p.m. on 15 July 2021 
  of Capital 
 Ex date in respect of third                    16 July 2021 
  Return of Capital 
 Redemption Date of third Return                16 July 2021 
  of Capital 
 Dispatch of cheques in respect                 22 July 2021 
  of certificated holders 
 Uncertificated holders credited                23 July 2021 
  with cash proceeds 
  Pay date for B Share return                   23 July 2021 
   of capital 
 

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 16 July 2021, the total number of ordinary shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.

The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
 
 Directors 
  David Stevenson (Chair)                tel: +44 7973 873785 
  Susan Gaynor Coley                     tel: +44 7977 130673 
  Brett Miller                           tel: +44 7770 447338 
 KKV Investment Management Ltd         Investor.communications@kkvim.com 
  Catherine Halford Riera 
 finnCap Ltd.                          tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  Sales: Mark Whitfeld 
 
 

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END

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