Sequoia Economic Infra Inc Fd Ld Issue of Shares (7544M)
October 18 2016 - 2:15AM
UK Regulatory
TIDMSEQI
RNS Number : 7544M
Sequoia Economic Infra Inc Fd Ld
18 October 2016
18 October 2016
Sequoia Economic Infrastructure Income Fund Limited
(the "Company")
Issue of Shares in connection with the payment of Investment
Adviser fees
The Company announces that it has issued today 196,908 ordinary
shares of no par value each ("New Ordinary Shares") to Sequoia
Investment Management Company, the Company's Investment Adviser, in
relation to fees payable for the three month period ended 30
September 2016. The New Ordinary Shares have been issued pursuant
to the Investment Advisor Agreement ("IAA"), details of which were
disclosed in the prospectus published by the Company on 6 May
2016.
The New Ordinary Shares are being issued at 113.50 pence per
share which represents the closing ordinary share price, on 14
October 2016, of 115.00 pence, less the dividend declared for the
three month period ended 30 September 2016 of 1.5 pence per
ordinary share.
Applications will be made for the New Ordinary Shares to be
admitted to the premium segment of the Official List, and to
trading on the London Stock Exchange's Main Market for listed
securities ("Admission"). It is expected that Admission will become
effective and dealings in the New Ordinary Shares will commence at
8am on 4 November 2016. The New Ordinary Shares will rank pari
passu with the ordinary shares already in issue.
Following Admission, the Company's issued share capital will
consist of 475,412,613 ordinary shares. Therefore, the total number
of voting rights of the Company is 475,412,613 and this figure 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 of a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
For further information please contact:
Sequoia Investment Management
Company
Steve Cook
Dolf Kohnhorst
Randall Sandstrom
Greg Taylor +44 (0)20 7079 0480
Stifel Nicolaus Europe
Limited
Neil Winward
Mark Bloomfield
Gaudi Le Roux +44 (0)20 7710 7600
Praxis Fund Services Limited
(Company Secretary)
Shona Darling +44 (0) 1481 755528
About Sequoia Economic Infrastructure Income Fund Limited
The Company is a Guernsey registered closed-ended investment
company that seeks to provide investors with regular, sustained,
long-term distributions and capital appreciation from a diversified
portfolio of senior and subordinated economic infrastructure debt
investments. The Company is advised by Sequoia Investment
Management Company Limited.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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