Taliesin Property Fund Limited Issues of Equity (6207D)
April 28 2017 - 1:00AM
UK Regulatory
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RNS Number : 6207D
Taliesin Property Fund Limited
28 April 2017
Taliesin Property Fund Limited
Issues of Equity
Taliesin Property Fund Limited (the "Company") announces that on
29 April 2017 it issued in aggregate 259,806 new ordinary shares of
no par value ("New Ordinary Shares") in satisfaction of
EUR10,470,205 of the performance fee payable for the year ended 31
December 2016. Of these New Ordinary Shares 194,855 were issued to
JJ Investment Management Limited ("JJIM") and 64,951 to Taliesin
Management Limited ("TML"), the Company's joint investment
advisers. Pursuant to the terms of the Company's investment adviser
agreements with TML and JJIM, the New Ordinary Shares have been
issued at a price equal to the 20 day average share price prior to
31 December 2016, being EUR40.30. The aggregate performance fees in
relation to 2016 amounted to EUR10,470,205.
Following the issues of the New Ordinary Shares, TML will have a
total shareholding in the Company of 680,897 ordinary shares,
representing 13.35 per cent of the Company's voting rights. In
addition, Mark Smith, a director of the Company, who holds the
majority of the ordinary shares of TML, also has a shareholding in
the Company of 598,304 ordinary shares (including the ordinary
shares issued to JJIM which is wholly owned by Mark Smith),
representing 11.73 per cent of the Company's voting rights.
Application has been made for the 259,806 New Ordinary Shares to
be admitted to trading on AIM and admission is expected to be
effective at 8.00 a.m. on 5 May 2017.
Following the allotments of the new Ordinary Shares, with effect
from admission, the Company's issued share capital will consist of
5,099,993 ordinary shares, none of which are held in treasury.
Accordingly, the total number of voting rights in the Company will
be 5,099,993.
For further information, please contact:
Taliesin Property Fund Limited
Mark Smith, Director 01534 700 000
Stockdale Securities Limited
Robert Finlay/David Coaten 020 7601 6115
This information is provided by RNS
The company news service from the London Stock Exchange
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