Issue of Equity

RNS Number : 2957V

Fair Oaks Income Fund Limited

27 October 2014

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in Fair Oaks Income Fund Limited or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

27 October 2014

Fair Oaks Income Fund Limited

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Issue of equity

The board of Fair Oaks Income Fund Limited (the "Company") is pleased to announce that the Company has raised USD 7.5 million before costs and expenses through the issue of 7,228,916 new ordinary shares at USD 1.0375 per share, representing c.2% premium to the NAV per share as at 30 September 2014.

Applications will be made for the new Ordinary Shares to be admitted to trading on the Specialist Fund Market of the London Stock Exchange. Admission is expected to become effective, and dealings in the Ordinary Shares to commence, at 8 a.m. on 30 October 2014.

As a result of this issue, the Company's issued share capital will consist of 121,728,916 Ordinary shares.

For further information, please contact:

Numis Securities Limited                                                                             [phone]

Nathan Brown / David Benda

Camarco                                                                                                              [phone]

Edward Gascoigne-Pees

Hazel Stevenson

Important Information

Numis Securities Limited is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Numis Securities Limited or advice to any other person in relation to the matters contained herein.

 

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