Non-Mainstream Pooled Investments

RNS Number : 3264P

Project Finance Investments Limited

17 February 2016

 

Project Finance Investments Limited

(the "Company")

Headline: Non-Mainstream Pooled Investments

17 February 2016

The Board notes the rules of the FCA on the promotion of non-mainstream pooled investments, effective from 1 January 2014. The Board confirms that it conducts the Company's affairs, and intends to continue to conduct its affairs, so that the Company's shares will be ''excluded securities'' under the FCA's new rules. This is on the basis that the Company, which is resident outside the EEA, would qualify for approval as an investment trust by the Commissioners for HMRC under sections 1158 and 1159 of the Corporation Tax Act 2010 if resident and listed in the United Kingdom. Therefore, the Company's shares do not amount to non-mainstream pooled investments. Accordingly, promotion of the Company's shares is not subject to the FCA's restriction on promotion of non-mainstream pooled investments.

Contact details: Gravis Capital Partners LLP David Conlon [phone] Stephen Ellis [phone] Dion Di Miceli [phone] Cenkos Securities plc Sapna Shah [phone] Tom Scrivens [phone]

Notes to Editors

The Company

The Company 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 project finance investments which have contracted, predictable medium to long term cash flows and/or physical assets and which are predominantly UK based.

 

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