Phaunos Timber Fund Limited Further re Compulsory Redemption of Ordinary Shs. (4784B)
10 January 2018 - 9:05PM
UK Regulatory
TIDMPTF
RNS Number : 4784B
Phaunos Timber Fund Limited
10 January 2018
Phaunos Timber Fund Limited
10 January 2018
(the "Company")
Further re Compulsory Redemption of Ordinary Shares
Further to the announcement made on 9 January 2018, the Company
is pleased to provide further information in respect of its
compulsory redemption of Ordinary Shares (the "Redemption").
After dealing with fractional entitlements following close of
business on the record date of 9 January 2018, 47,169,715 Ordinary
Shares were redeemed at a price of US$0.53 per share, representing
8.647% of the Ordinary Shares in issue prior to the Redemption.
Following completion of the Redemption, 498,360,117 Ordinary
Shares will remain in issue and will trade under a new ISIN -
GG00BFX4LT97 (the "New ISIN"), which has been enabled and available
for transactions on 10 January 2018. CREST will automatically
transfer any open transactions to the New ISIN.
The above figure of 498,360,117 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 a change to
their interest in, the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Enquiries:
Phaunos Timber Fund Limited (Chairman)
Richard Boléat
+44 (0)1534 625522
Vistra Guernsey (Company Secretary)
Chris Bougourd
+44 01481 754 145
Valerie Goodwin
+44 01481 732 153
Winterflood Investment Trusts (Corporate Broker)
Neil Morgan
+44 (0)20 3100 0000
Notes to Editors
Established in 2006, Phaunos Timber Fund Limited ("PTF" or "the
Company") invests in a concentrated, but diversified portfolio of
timberland and timber-related investments. It was announced on 19
June 2017 that the Company's continuation resolution had not been
passed. The Board is now conducting an orderly realisation of the
assets of the Company.
PTF is a Guernsey-domiciled authorised closed-ended investment
scheme, authorised by the Guernsey Financial Services Commission
under section 8 of The Protection of Investors (Bailiwick of
Guernsey) Law, 1987 (as amended) and the Authorised Closed-ended
Investment Schemes Rules 2008 made thereunder. The Company's
ordinary shares are traded on the Main Market of the London Stock
Exchange. www.phaunostimber.com
The Company's ticker is PTF. www.phaunostimber.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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