TIDMSQN
RNS Number : 6337O
SQN Asset Finance Income Fund Ltd
08 November 2016
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.
This announcement is an advertisement and does not constitute a
prospectus and investors must only subscribe for or purchase any
shares referred to in this announcement on the basis of information
contained in a prospectus published today by SQN Asset Finance
Income Fund Limited (the "Company") (the "Prospectus") and not in
reliance on this announcement. When made generally available,
copies of the Prospectus may, subject to any applicable law, be
obtained from the registered office of the Company. This
announcement does not constitute and may not be construed as, an
offer to sell or an invitation to purchase, investments of any
description, a recommendation regarding the issue or the provision
of investment advice by any party. No information set out in this
announcement or referred to in other written or oral form is
intended to form the basis of any contract of sale, investment
decision or any decision to purchase shares in the Company.
8 November 2016
SQN Asset Finance Income Fund Limited
Publication of Prospectus
On 27 October 2016, the Company announced its intention to raise
additional capital by way of a Placing, Open Offer and Offer for
Subscription for a target issue of 150 million C Shares, with the
option to increase the size of the issue to 180 million C Shares,
subject to investor demand (the "Issue"). The directors of the
Company are today pleased to announce the publication of the
Prospectus in connection with the Issue.
The Prospectus has been approved by the UK Listing Authority and
will shortly be available on the Company's website at
www.sqnassetfinance.com and on the National Storage Mechanism at
http://www.morningstar.co.uk/uk/NSM. The Prospectus will also be
made available at the Company's offices at BNP Paribas House, St.
Julian's Avenue, St. Peter Port, Guernsey GY1 1WA.
Extraordinary General Meeting
The Prospectus, which will be posted to shareholders, includes a
notice to convene an extraordinary general meeting to be held at
10.30 a.m. (London time) on 5 December 2016 in order to obtain
shareholders' approval for the disapplication of pre-emption rights
in connection with the implementation of the Issue.
Admission and dealings
Applications will be made to the London Stock Exchange and to
the UKLA for the C Shares to be admitted to trading on the main
market of the London Stock Exchange and the premium segment of the
Official List, respectively. It is expected that admission will
become effective and that dealings in the C Shares will commence on
or around 12 December 2016.
2016
Record Date for entitlements under the Open Offer 4 November
Publication of this document 8 November
Placing, Open Offer and Offer for Subscription opens 8 November
Ex-entitlement date for Open Offer 8.00 a.m. on 9 November
Open Offer Entitlements and Excess CREST Open Offer As soon as practicable after 8.00 a.m. on 9 November
Entitlements credited to CREST stock accounts
of CREST Shareholders
Recommended latest time and date for requesting withdrawal of 4.30 p.m. on 29 November
Open Offer Entitlements into
CREST
Latest time and date for depositing Open Offer Entitlements 3.00 p.m. on 30 November
into CREST
Latest time and date for receipt of Forms of Proxy 10.30 a.m. on 1 December
Latest time and date for splitting of Open Offer Application 3.00 p.m. on 1 December
Form (to satisfy bona fide market
claims only)
Extraordinary General Meeting 10.30 a.m. on 5 December
Last time and date for receipt of completed Open Offer 11.00 a.m. on 5 December
Application Forms and payment in full
under the Open Offer or settlement of relevant CREST
Instructions
Announcement of the results of the Extraordinary General 5 December
Meeting
Last time and date for receipt of completed Offer for 1.00 p.m. on 6 December
Subscription Application Forms and payment
in full under the Offer for Subscription
Latest time and date for commitments under the Placing 1.00 p.m. on 7 December
Announcement of results of the Issue 8 December
Admission and dealings in C Shares commence 8.00 a.m. on 12 December
CREST accounts credited with uncertificated C Shares 12 December
Where applicable, definitive C Share certificates despatched Week commencing 19 December
by post in the week commencing
Winterflood Securities Limited is acting as sole sponsor,
financial adviser and bookrunner to the Company.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
Prospectus.
For further information please contact:
SQN Capital Management
Jeremiah Silkowski
Neil Roberts 01932 575 888
Winterflood Securities
Limited
Neil Langford
Chris Mills 020 3100 0000
Buchanan
Charles Ryland
Victoria Hayns 020 7466 5000
Important Information
This announcement is an advertisement. It does not constitute a
prospectus relating to the Company and does not constitute, or form
part of, any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any shares
in the Company in any jurisdiction nor shall it, or any part of it,
or the fact of its distribution, form the basis of, or be relied on
in connection with or act as any inducement to enter into, any
contract therefor.
Recipients of this announcement who are considering acquiring
shares in the Company are reminded that any such acquisition must
be made only on the basis of the information contained in the
Prospectus and any supplement or supplements thereto which may be
different from the information contained in this announcement.
Winterflood Securities Limited ("Winterflood"), which is
authorised and regulated by the Financial Conduct Authority, is
acting only for the Company in connection with the matters
described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of Winterflood or advice
to any other person in relation to the matters contained
herein.
The shares of the Company have not been, nor will they be,
registered under the US Securities Act of 1933, as amended, or with
any securities regulatory authority of any state or other
jurisdiction of the United States or under the applicable
securities laws of Australia, Canada or Japan. Further, the Company
has not been and will not be registered under the US Investment
Company Act of 1940, as amended. Subject to certain exceptions, the
shares of the Company may not be offered or sold in any member
state of the EU other than the United Kingdom, the United States of
America, Australia, Canada or Japan or to or for the account or
benefit of any national, resident or citizen of any member state of
the EU other than the United Kingdom, Australia, Canada or Japan or
any person located in the United States. The Issue and the
distribution of this announcement in other jurisdictions may be
restricted by law and the persons into whose possession this
announcement comes should inform themselves about, and observe, any
such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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