Board and Investment Adviser share purchases

RNS Number : 5498S

Sequoia Economic Infra Inc Fd Ld

14 July 2022

 

14 July 2022

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

DIRECTOR / PDMR DEALING

The Company announces the following acquisitions of ordinary shares of no par value in the capital of the Company ("Ordinary Shares") by persons discharging managerial responsibility (including persons closely associated) and by senior executives of the Investment Adviser, as set out below:

Director/PDMR	Previous Ordinary Shares held	Ordinary Shares Acquired	Price per Ordinary Share (GBp)	Total Holding following Purchase	% of the Company's voting rights in issue
Robert Jennings	242,666	55,000 2,334	86.24 84.63	300,000	0.0169%
Sarika Patel	5,000	11,000	84.76	16,000	0.0009%
James Stewart	10,000	10,063	84.40	20,063	0.0011%
Dolf Kohnhorst*	300,000	100,000	85.00	400,000	0.2263%

*Senior executive of the Investment Adviser and therefore not included in the below PDMR dealing information.

The relevant notifications and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them set out below are provided in accordance with the requirements of the Market Abuse Regulation.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Jennings
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sequoia Economic Infrastructure Income Fund Limited
b)	LEI	2138006OW12FQHJ6PX91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of no par value GG00BV54HY67
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.8624 £0.8463 55,000 2,334
d)	Aggregated information - Aggregated volume - Price	57,334 £49,407.25
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	LONDON STOCK EXCHANGE, (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sarika Patel
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sequoia Economic Infrastructure Income Fund Limited
b)	LEI	2138006OW12FQHJ6PX91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of no par value GG00BV54HY67
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.8476 11,000
d)	Aggregated information - Aggregated volume - Price	11,000 £9,323.60
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	LONDON STOCK EXCHANGE, (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Stewart
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Sequoia Economic Infrastructure Income Fund Limited
b)	LEI	2138006OW12FQHJ6PX91
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of no par value GG00BV54HY67
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.8440 10,063
d)	Aggregated information - Aggregated volume - Price	10,063 £8,493.17
e)	Date of the transaction	14 July 2022
f)	Place of the transaction	LONDON STOCK EXCHANGE, (XLON)

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor Anurag Gupta	[phone]
Jefferies International Limited (Corporate Broker & Financial Adviser) Neil Winward Gaudi Le Roux	[phone]
Tulchan Communications (Financial PR) Martin Pengelley Elizabeth Snow	[phone]
Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla Katrina Rowe	[phone]

About Sequoia Economic Infrastructure Income Fund Limited

The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

LEI: 2138006OW12FQHJ6PX91

 

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