Sequoia Economic Infra Inc Fd Ld Issue of Shares (3976E)
October 18 2018 - 2:02AM
UK Regulatory
TIDMSEQI
RNS Number : 3976E
Sequoia Economic Infra Inc Fd Ld
18 October 2018
18 October 2018
Sequoia Economic Infrastructure Income Fund Limited
(the "Company" or "SEQI")
Issue of Shares in connection with the payment of Investment
Adviser fees
SEQI, the specialist investor in economic infrastructure debt,
announces that it has issued today 304,485 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 2018.
The New Ordinary Shares have been issued pursuant to the Investment
Advisory Agreement ("IAA"), details of which were disclosed in the
prospectus published by the Company on 19 September 2018.
The New Ordinary Shares are being issued at 109.00 pence per
share which represents the closing ordinary share price, on 16
October 2018, of 110.5 pence, less the dividend declared for the
three month period ended 30 September 2018 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 31 October 2018. 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 1,060,793,997 ordinary shares. Therefore, the total
number of voting rights of the Company is 1,060,793,997 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
Tulchan Communications (Financial
PR)
James Macey White
Martin Pengelley
Elizabeth Snow +44 (0)20 7353 4200
Praxis Fund Services Limited
(Company Secretary)
Matt Falla +44 (0)1481 755530
About Sequoia Economic Infrastructure Income Fund Limited
The Company 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.
LEI: 2138006OW12FQHJ6PX91
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contact rns@lseg.com or visit www.rns.com.
END
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