Issue of Shares

RNS Number : 4743E

Acorn Income Fund Ld

09 April 2014

 



ACORN INCOME FUND LIMITED

ISSUE OF SHARES

9 April 2014

The board of Acorn Income Fund Limited (the "Company") announces that on 9 April 2014 it issued for cash under the Placing Programme (as described in the Company's Prospectus, dated 8 May 2013) ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares") and also redeemable zero dividend preference shares of 1p each in the capital of the Company (the "ZDP Shares") as follows:

200,000 Ordinary Shares at 375.75 p per share; and

268,463 ZDP Shares at 122.00 p per share.

(together the "New Shares")

As a result of the issue of shares set out above, the Company's issued share capital will consist of:

17,878,334 Ordinary Shares

23,998,371 ZDP Shares

Of which:

1,485,000 Ordinary Shares; and

1,993,339 ZDP Shares are held in treasury.

The ZDP Shares do not have the right to attend or vote at any general meeting of the Company unless the business of the meeting includes any resolution to vary, modify or abrogate any of the special rights attached to the ZDP Shares. Accordingly, the total number of voting rights in the Company is 16,393,334.

Application will be made for:

the new Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange; and

the new ZDP Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange.

It is expected that dealings in the New Shares will commence at 8.00 a.m. on 14 April 2014.

Further Information

JTC Fund Managers (Guernsey) Limited

Secretary

Tel: [phone]

Numis Securities Limited

Nathan Brown, Corporate Broking

Tel: [phone]

 

END

 

 

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