AcenciA Debt Strategies Limited Update to Circular 5 September 2014 (3315E)
February 06 2015 - 10:55AM
UK Regulatory
TIDMACD
RNS Number : 3315E
AcenciA Debt Strategies Limited
06 February 2015
ACENCIA DEBT STRATEGIES LIMITED
(The "Company")
(Registered in Guernsey - Number 43787)
Registered Office:
Sarnia House, Le Truchot,
St Peter Port, Guernsey, GY1 4NA
Telephone: +44 1481 737600
Facsimile: +44 1481 749810
For immediate release 6 February 2015
UPDATE TO SHAREHOLDER CIRCULAR 5 SEPTEMBER 2014
AcenciA Debt Strategies Limited (the "Company") announces that,
as previously anticipated in its circular to shareholders of 5
September 2014, it has today concluded a transaction (the
"Transaction") with certain funds managed by its investment
adviser, Sandalwood Securities Inc ("SSI"), to sell its entire
interests in certain underlying assets, namely Sandalwood Debt Fund
A SPV. The total value of the consideration is $2,361,884.76
million (approximately GBP1.5m). These investments were sold at
100% of their net asset value as at 31 December 2014 as ascribed to
them by their underlying managers. The Transaction is a related
party transaction under Listing Rule 11.1.7 R by reason of the
common role of SSI as investment adviser to both the Company and
the Purchasing Funds, but qualifies as a "smaller related party
transaction" under Listing Rule 11.1.10 R and so does not require
shareholder approval.
Enquiries:
Praxis Fund Services Limited
Company Secretary
Tel: +44 1481 737600
Saltus Partners LLP
Jon Macintosh
Saltus Partners LLP
+44 20 7499 0200
Canaccord Genuity Limited
David Yovichic
+44 20 7523 8361
Kepler Partners LLP
Hugh van Cutsem
+44 20 3384 8796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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