GCP Asset Backed Income Fund Ltd Additional Listing (4714Y)
22 August 2018 - 4:00PM
UK Regulatory
TIDMGABI TIDMTTM
RNS Number : 4714Y
GCP Asset Backed Income Fund Ltd
22 August 2018
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815
Additional Listing
22 August 2018
GCP Asset Backed, which invests in asset backed loans, has made
an application for 283,359 ordinary shares of no par value each in
the Company to be admitted to the premium segment of the Official
List of the Financial Conduct Authority and to trading on the
London Stock Exchange. It is expected that these new ordinary
shares will be admitted to trading on 3 September 2018.
The application is being made pursuant to the scrip dividend
alternative in lieu of cash for the interim dividend for the period
from 1 April 2018 to 30 June 2018 (the "Q2 Dividend"). Elections
for a scrip dividend were received in respect of 6% of the ordinary
shares in issue as at the record date of 3 August 2018. When
issued, these ordinary shares will rank pari passu with the
existing ordinary shares.
Further details of the scrip dividend alternative can be found
in the Scrip Dividend Circular 2018 which was published by the
Company on 26 April 2018, a copy of which is available for
inspection at www.morningstar.co.uk/uk/NSM and on the Company's
website at
www.graviscapital.com/funds/gcp-asset-backed/literature.
Following admission of the new ordinary shares, the Company's
issued share capital will consist of 317,043,270 ordinary shares of
no par value each and therefore, the total number of issued shares
with voting rights will be 317,043,270.
The above figure of 317,043,270 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 Guidance
and Transparency Rules.
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
David Conlon davidconlon@graviscapital.com
Dion Di Miceli dion.dimiceil@graviscapital.com
Cenkos Securities plc +44 (0) 20 7397 8900
Tom Scrivens tscrivens@cenkos.com
Oliver Packard opackard@cenkos.com
Sapna Shah sshah@cenkos.com
Notes to Editors
The Company
GCP Asset Backed is a closed ended investment company traded on
the Main Market of the London Stock Exchange. Its investment
objective is to generate attractive risk-adjusted returns primarily
through regular, growing distributions and modest capital
appreciation over the long term.
The Company seeks to meet its investment objective by making
investments in a diversified portfolio of predominantly UK based
asset backed loans which have contracted, predictable medium to
long term cash flows and/or physical assets.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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