TwentyFour Inc Fd Publication of Circular
July 12 2019 - 12:17PM
UK Regulatory
TIDMTFIF
12 July 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM THE UNITED STATES, CANADA,
AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.
TwentyFour Income Fund Limited
Publication of Circular
The Board of Directors of TwentyFour Income Fund Limited (the "Company")
announces the publication of a circular relating to a realisation opportunity
for Shareholders (the "Circular") dated 12 July 2019.
The Articles provide for a Realisation Opportunity under which Shareholders may
elect to realise all or part of their holdings of Ordinary Shares with effect
from the 2019 Reorganisation Date and at three yearly intervals thereafter.
Shareholders have the option to either:
1. retain their current investment in the Company; or
2. realise their investment in the Company, by making a Realisation Election,
which are intended to be satisfied at the Redemption Price representing a 2
per cent. discount to NAV per Ordinary Share as at the Electing NAV
Determination Date.
Expected Timetable of Events
2019 Realisation Opportunity
Record Date 6:00 p.m. 16 July 2019
Election Submission Deadline, being 1:00 p.m. on 5 September 2019
the latest time and date for receipt of
the Form of Election and TTE Instructions in
CREST from Shareholders
Number of Elected Shares announced 7:00 a.m. on 9 September 2019
Election NAV Determination Date 9 September 2019
2019 Reorganisation Date 12 September 2019
Redemption Price and number of Realisation 13 September 2019
Shares announced
Admission of any Ordinary Shares that are 16 September 2019
redesignated as Realisation Shares pursuant to
the Realisation to the Official List and
dealings in the Realisation Shares on the
London Stock Exchange's Main Market commence
Election Settlement Date: cheques despatched week commencing 16 September
and payments through CREST made and CREST 2019
accounts settled
Balancing share certificates despatched week commencing 23 September
2019
Unless otherwise defined, capitalised words and phrases used in
this announcement shall have the meaning given in the Circular.
For further information, please contact:
TwentyFour Asset Management LLP +44 (0)20 7015 8900
John Magrath
Alistair Wilson
Numis Securities Limited +44 (0)20 7260 1000
Nathan Brown
Hugh Jonathan
IMPORTANT NOTICES
This Announcement has been issued for information purposes only, it is not a
prospectus. This Announcement does not constitute or form part of and may not
be construed as an offer to sell, or an invitation to purchase, investments of
any description, nor as a recommendation regarding the possible offering or the
provision of investment advice by any party. No information in this
announcement should be construed as providing financial, investment or other
professional advice and each prospective investor should consult its own legal,
business, tax and other advisers in evaluating any investment opportunity. It
is issued by and is the sole responsibility of the Company. No representation
or warranty, express or implied, is or will be made to, or in relation to, and
no responsibility or liability is or will be accepted by Numis Securities
Limited ("Numis") or by any of its affiliates or agents as to or in relation
to, the accuracy or completeness of this Announcement or any other written or
oral information made available to or publicly available to any interested
party or its advisers, and any liability therefore is expressly disclaimed.
Numis is authorised and regulated by the Financial Conduct Authority. Numis is
acting for the Company as its sponsor, broker and financial advisor and is not
acting for anyone else and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients nor for providing
the protections afforded to customers of Numis nor providing advice in relation
to the contents of the Supplementary Prospectus or any matters referred to
therein. To the fullest extent permitted by law recipients agree that Numis
shall not have any liability (direct or indirect) for or in connection with
this Announcement or any matters arising out of or in connection herewith.
Numis has not authorised the contents of, or any part of, this document.
The distribution of this Announcement in certain jurisdictions may be
restricted by law. No action has been taken by the Company or Numis that would
permit an offering of any Ordinary Shares or possession or distribution of this
Announcement or any other offering or publicity material relating to such
Ordinary Shares in any jurisdiction where action for that purpose is required.
Persons into whose possession this Announcement comes are required by the
Company and Numis to inform themselves about, and to observe, such
restrictions.
The information contained in this Announcement is subject to change without
notice and neither the Company nor Numis assume any responsibility or
obligation to update publicly.
END
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