Secured Income Fund PLC B Share Scheme (3676E)
07 July 2021 - 4:00PM
UK Regulatory
TIDMSSIF
RNS Number : 3676E
Secured Income Fund PLC
07 July 2021
Secured Income Fund Plc
LEI: 213800TR2S2TT6PKVH57
7 July 2021
SECURED INCOME FUND PLC
(the "Company")
B Share Scheme
Pursuant to the authority received from shareholders at the
general meeting held on 23 March 2021, the Board has resolved to
return GBP3,159,621 to Shareholders via a third Return of Capital
by the issue of B Shares.
B Shares of GBP1 each will be paid up from capital and issued to
all Shareholders by way of a bonus issue pro-rata to their holding
of Ordinary Shares on the basis of one B Share for approximately
every 16.67 Ordinary Shares held at the Record Date of 6.00 p.m. on
15 July 2021. The B Shares will be issued on 16 July 2021 and
immediately redeemed at GBP1 per B Share. The Redemption Date in
respect of this Return of Capital is 16 July 2021. The proceeds
from the redemption of the B Shares, which is equivalent to 6 pence
per Ordinary Share, will be sent to uncertificated Shareholders
through CREST or via cheque to certificated Shareholders.
Timetable
It is expected that the timetable will be as follows:
Record Date of third Return 6.00 p.m. on 15 July 2021
of Capital
Ex date in respect of third 16 July 2021
Return of Capital
Redemption Date of third Return 16 July 2021
of Capital
Dispatch of cheques in respect 22 July 2021
of certificated holders
Uncertificated holders credited 23 July 2021
with cash proceeds
Pay date for B Share return 23 July 2021
of capital
All redemption payments will be paid gross of tax.
Following the issue and redemption of B shares on 16 July 2021,
the total number of ordinary shares in issue will remain at
52,660,350 and the total number of voting rights in the Company is
52,660,350. There are no shares held in treasury.
The above figure of 52,660,350 may be used by shareholders as
the denominator for the calculation by which they may determine if
they are required to notify their interest in, or change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information please contact:
Directors
David Stevenson (Chair) tel: +44 7973 873785
Susan Gaynor Coley tel: +44 7977 130673
Brett Miller tel: +44 7770 447338
KKV Investment Management Ltd Investor.communications@kkvim.com
Catherine Halford Riera
finnCap Ltd. tel: +44 20 7220 0500
Corporate Finance: William Marle
Sales: Mark Whitfeld
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END
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