Publication of Prospectus

RNS Number : 5676Z

SQN Asset Finance Income Fund Ltd

18 September 2015

 



NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

This announcement is an advertisement and does not constitute a prospectus and investors must only subscribe for or purchase any shares referred to in this announcement on the basis of information contained in a prospectus published today by SQN Asset Finance Income Fund Limited (the "Company") (the "Prospectus") and not in reliance on this announcement. When made generally available, copies of the Prospectus may, subject to any applicable law, be obtained from the registered office of the Company. This announcement does not constitute and may not be construed as, an offer to sell or an invitation to purchase, investments of any description, a recommendation regarding the issue or the provision of investment advice by any party. No information set out in this announcement or referred to in other written or oral form is intended to form the basis of any contract of sale, investment decision or any decision to purchase shares in the Company.

18 September 2015

SQN Asset Finance Income Fund Limited

Publication of Prospectus

Further to the announcement made by the Company on 17 September 2015 in relation to the proposed Placing, Open Offer and Offer for Subscription of up to 180 million new C Shares (the "Issue"), the directors of the Company are pleased to announce the publication of a prospectus in connection with the Issue.

The Prospectus has been approved by the UK Listing Authority and will shortly be available on the Company's website at www.sqnassetfinance.com and on the National Storage Mechanism at http://www.morningstar.co.uk/uk/NSM. The Prospectus will also be made available at the Company's offices at BNP Paribas House, St. Julian's Avenue, St. Peter Port, Guernsey GY1 1WA.

Extraordinary General Meeting

The Prospectus, which will be posted to shareholders, includes a notice to convene an extraordinary general meeting to be held at 11.00 a.m. (London time) on 14 October 2015 in order to obtain shareholders' approval for the grant of authority to allot C Shares and the disapplication of pre-emption rights in connection with the implementation of the Issue.

Admission and dealings

Applications will be made to the London Stock Exchange and to the UKLA for up to 180 million C Shares to be admitted to trading and to listing, respectively. It is expected that admission will become effective, and that dealings in the C Shares is expected to commence on or around 9 November 2015.

Expected timetable	2015
Record Date for entitlements under the Open Offer	16 September
Publication of the Prospectus	18 September
Placing, Open Offer and Offer for Subscription opens	18 September
Ex-entitlement date for Open Offer	8.00 a.m. on 21 September
Open Offer Entitlements and Excess Open Offer Entitlements credited to CREST stock accounts of CREST Shareholders	As soon as practicable after 8.00a.m. on 21 September
Extraordinary General Meeting	11.00 a.m. on 14 October
Announcement of the results of the Extraordinary General Meeting	14 October
Recommended latest time and date for requesting withdrawal of Open Offer Entitlements into CREST	4.30 p.m. on 26 October
Latest time and date for depositing Open Offer Entitlements into CREST	3.00 p.m. on 27 October
Latest time and date for splitting of Open Offer Application Form (to satisfy bona fide market claims only)	3.00 p.m. on 28 October
Last 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 30 October
Last time and date for receipt of completed Offer for Subscription Application Forms and payment in full under the Offer for Subscription	1.00 p.m. on 2 November
Latest time and date for commitments under the Placing	1.00 p.m. on 3 November
Announcement of results of the Issue	4 November
Admission and dealings in C Shares commence	8.00 a.m. on 9 November
CREST accounts credited with uncertificated C Shares	9 November
Where applicable, definitive C Share certificates despatched by post in the week commencing	Week commencing 16 November

Winterflood Securities Limited is acting as sole sponsor, financial adviser and bookrunner to the Company.

Terms used in this announcement shall, unless the context otherwise requires, bear the meanings given to them in the Prospectus.

For further information please contact:

Winterflood Securities Limited

Andrew Marshall

Neil Langford

Chris Mills

Telephone: [phone]

Important Information

This announcement is an advertisement. It does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction 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 or act as any inducement to enter into, any contract therefor.

Recipients of this announcement who are considering acquiring shares in the Company are reminded that any such acquisition must be made only on the basis of the information contained in the Prospectus and any supplement or supplements thereto which may be different from the information contained in this announcement.

Winterflood Securities Limited ("Winterflood"), which is authorised and regulated by the Financial Conduct Authority, 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 Winterflood or advice to any other person in relation to the matters contained herein.

The shares of the Company have not been, nor will they be, registered under the US Securities Act of 1933, as amended, or with any securities regulatory authority of any state or other jurisdiction of the United States or under the applicable securities laws of Australia, Canada or Japan. Further, the Company has not been and will not be registered under the US Investment Company Act of 1940, as amended. Subject to certain exceptions, the shares of the Company may not be offered or sold in any member state of the EU other than the United Kingdom, the United States of America, Australia, Canada or Japan or to or for the account or benefit of any national, resident or citizen of any member state of the EU other than the United Kingdom, Australia, Canada or Japan or any person located in the United States. The Issue and the distribution of this announcement in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

 

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