Publication of a Prospectus

RNS Number : 7062B

Henderson Intl. Income Trust PLC

05 April 2017

 



HENDERSON INVESTMENT FUNDS LIMITED

HENDERSON INTERNATIONAL INCOME TRUST PLC

LEI: 2138006N35XWGK2YUK38

HENDERSON INTERNATIONAL INCOME TRUST PLC

5 April 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR INTO OR FROM THE UNITED STATES, OR INTO OR FROM AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA

This announcement is an advertisement and not a prospectus. 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 Henderson International Income Trust plc (the "Company") 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.

Any investment decision must be made exclusively on the basis of the Prospectus (defined below) which has been published today by the Company and any supplement thereto in connection with the admission of C Shares and/or Ordinary Shares of the Company to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

Henderson International Income Trust plc

Open Offer, Placing, Offer for Subscription and Intermediaries Offer

of C Shares

Implementation of a Placing Programme of Ordinary Shares

and

Amendment of the Investment Objective and Policy

Further to the announcement on 6 March 2017, the Company has today published a prospectus (the "Prospectus") in relation to a proposed Open Offer, Placing, Offer for Subscription and Intermediaries Offer of C Shares (together the "Issue") and implementation of a new placing programme of Ordinary Shares (the "Placing Programme"). The C Shares will be issued at 100p per share and the Open Offer will be on the basis of one C Share for every two Ordinary Shares held. The C Shares will be converted into Ordinary Shares at a date to be determined by the Directors and, in any event, within six months of their issue. The C Shares will convert into Ordinary Shares on the basis of the Conversion Ratio calculated at the Calculation Date. Details of the terms and timing of conversion can be found in the prospectus.

The Company has also today published a circular (the "Circular") convening a General Meeting to propose resolutions to seek authorities to allot C Shares and new Ordinary Shares, to disapply pre-emption rights in respect of the issue of Ordinary Shares and C Shares, to adopt new articles of association and to amend the investment objective and policy of the Company.

Publication of Documents

The Prospectus and Circular will shortly be available for inspection at the National Storage Mechanism which is located at www.hemscott.com/nsm.do and also on the Company's website which is located at www.hendersoninternationalincometrust.com

Expected timetable

		2017
Record Date for entitlements under the Open Offer		3 April
Ex-entitlement date for Open Offer		6 April
Issue opens		6 April
Open Offer Entitlements credited to CREST stock accounts of CREST Shareholders		6 April
Recommended latest time and date for requesting withdrawal of Open Offer Entitlements into CREST	4.30 p.m. on	27 April
Latest time and date for depositing Open Offer Entitlements into CREST	3.00 p.m. on	28 April
Latest time and date for splitting of Open Offer Application Forms (to satisfy bona fide market claims only)	3.00 p.m. on	2 May
Latest time and date for receipt of Forms of Proxy	3.00 p.m. on	3 May
Latest time and date for receipt of completed Open Offer Application Forms and payment in full under the Open Offer or settlement of relevant CREST instructions	11.00 a.m. on	4 May
Latest time and date for receipt of completed Offer for Subscription Forms and, if applicable, Tax Residency Self-Certification Forms and payment in full under the Offer for Subscription	11.00 a.m. on	4 May
Latest time and date for receipt of completed application forms from intermediaries in respect of the Intermediaries Offer	3.00 p.m. on	4 May
Latest time and date for commitments under the Placing	3.00 p.m. on	4 May
Publication of results of the Issue		5 May
General Meeting	3.00 p.m. on	5 May
Admission and dealings in C Shares commence	8.00 a.m. on	8 May
CREST accounts credited with uncertificated C Shares		8 May
Placing Programme opens		9 May
Where applicable, definitive C Share certificates despatched by post in the week commencing		15 May

For further information, please contact:

Ben Lofthouse

Fund Manager, Henderson International Income Trust plc

Telephone: [phone]

James de Sausmarez

Director and Head of Investment Trusts

Henderson Global Investors

Telephone: [phone]

Paul Fincham/Phil Hopkins

Panmure Gordon

Telephone: [phone]

Important Information

Save for expressions defined in this announcement, words and expressions defined in the Prospectus and Circular shall have the same meaning in this announcement.

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no-one else in connection with the matters referred to in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Panmure Gordon (UK) Limited nor for providing advice in connection with the contents of this announcement or any other matter referred to herein. Panmure Gordon (UK) Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Panmure Gordon (UK) Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.

 

END

 

 

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