Issue of Shares - Replacement

RNS Number : 6945W

Sequoia Economic Infra Inc Fd Ld

18 April 2019

 

This announcement replaces the previous RNS, number: 5536W, which stated the expected admission date for the New Ordinary Shares as 3 May 2019. This has been amended in the below announcement to 7 May 2019. All other details remain unchanged. The full amended text is shown below.

18 April 2019

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

Issue of Shares in connection with the payment of Investment Adviser fees

The Company announces that it has issued today 177,165 ordinary shares of no par value each ("New Ordinary Shares") to Sequoia Investment Management Company, the Company's Investment Adviser, in relation to fees payable for the three month period ended 31 March 2019. The New Ordinary Shares have been issued pursuant to the Investment Advisory Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 19 September 2018.

The New Ordinary Shares are being issued at 112.1 pence per share which represents the closing ordinary share price, on 16 April 2019, of 113.6 pence, less the dividend declared for the three month period ended 31 March 2019 of 1.5 pence per ordinary share.

Applications will be made for the New Ordinary Shares to be admitted to the premium segment of the Official List, and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8am on 7 May 2019. The New Ordinary Shares will rank pari passu with the ordinary shares already in issue.

Following Admission, the Company's issued share capital will consist of 1,061,153,014 ordinary shares. Therefore, the total number of voting rights of the Company is 1,061,153,014 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Sequoia Investment Management Company Steve Cook Dolf Kohnhorst Randall Sandstrom Greg Taylor	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Tulchan Communications (Financial PR) James Macey White Martin Pengelley Elizabeth Snow	[phone]
Praxis Fund Services Limited (Company Secretary) Matt Falla	[phone]

About Sequoia Economic Infrastructure Income Fund Limited

The Company 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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