CC Japan Income & Growth Trust PLC Intention to Issue Subscription Shares (5308G)
November 26 2020 - 2:00AM
UK Regulatory
TIDMCCJI
RNS Number : 5308G
CC Japan Income & Growth Trust PLC
26 November 2020
26 November 2020
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC
OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (FOR THE
AVOIDANCE OF DOUBT, THIS DOES NOT INCLUDE THE UK) OR TO ANY
NATIONAL, RESIDENT OR CITIZEN OF AUSTRALIA, CANADA, THE REPUBLIC OF
SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (FOR THE
AVOIDANCE OF DOUBT, THIS DOES NOT INCLUDE THE UK)
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014
CC Japan Income & Growth Trust plc
Intention to Issue Subscription Shares
CC Japan Income & Growth Trust plc (the "Company") announces
that it is considering a bonus issue of subscription shares
("Subscription Shares") to existing shareholders, on the basis of
one Subscription Share for every five ordinary shares held (the
"Bonus Issue"). The Company intends to publish a prospectus and
circular in connection with the Bonus Issue in the New Year. The
Company will seek a listing for the Subscription Shares on the
Standard segment of the London Stock Exchange's Main Market.
The Board of the Company (the "Board") continues to be
encouraged by the strengthening investment case for Japanese
equities and, in particular, the scope for recovery as Japan
emerges from the Covid-19 pandemic. The Board believes that the
Company's mandate, as executed by our investment manager, Coupland
Cardiff Asset Management, is well positioned to deliver capital and
income growth for its shareholders over the medium term. The issue
of bonus Subscription Shares could create an attractive opportunity
for shareholders to subscribe in the future for further ordinary
shares, on a pre-emptive basis, thereby increasing the size of the
Company.
A further announcement will be made in due course.
This announcement has been released on behalf of the Company by
order of the Board.
The Company's LEI is: 549300FZANMYIORK1K98
Enquiries:
PraxisIFM Fund Services (UK) Limited
Brian Smith / Ciara McKillop
020 4513 9260
Peel Hunt LLP
Luke Simpson / Liz Yong / Tom
Pocock
020 7418 8900
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
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END
IOEKZMZMNKDGGZM
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