Issue of shares - Replacement

RNS Number : 7534R

Acorn Income Fund Ld

30 October 2013

 



ACORN INCOME FUND LIMITED

CORRECTION TO ISSUE OF SHARES ANNOUNCEMMENT

30 October 2013

This announcement replaces that released on 30/10/13 at 07:00 under RNS Number 6916R.

There are two changes to the previous announcement, as follows:

- The number of ZDP Shares issued was 369,137; and

- As a result of the issue of the new shares set out above, the Company's issued share capital will consist of 14,906,602 Ordinary Shares and 20,009,368 ZDP Shares.

All other details remain unchanged. The full corrected announcement is as follows:

The board of Acorn Income Fund Limited (the "Company") announces that on 29 October 2013 it issued for cash under the Placing Programme (as described in the Company's Prospectus, dated 8 May 2013) ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares") and also redeemable zero dividend preference shares of 1p each in the capital of the Company (the "ZDP Shares") as follows:

275,000 Ordinary Shares at 345.00p per share; and

369,137 ZDP Shares at 119.79p per share.

(together the "New Shares")

As a result of the issue of the New Shares set out above, the Company's issued share capital will consist of:

14,906,602 Ordinary Shares

20,009,368 ZDP Shares

Of which:

150,940 Ordinary Shares; and

202,610 ZDP Shares are held in treasury.

The ZDP Shares do not have the right to attend or vote at any general meeting of the Company unless the business of the meeting includes any resolution to vary, modify or abrogate any of the special rights attached to the ZDP Shares. Accordingly, the total number of voting rights in the Company is 14,755,662.

Application will be made for:

the new Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange; and

the new ZDP Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange.

It is expected that dealings in the New Shares will commence at 8.00 a.m. on 1 November 2013.

Further Information

Anson Fund Managers Limited

Secretary

Tel: [phone]

Numis Securities Limited

Nathan Brown, Corporate Broking

Tel: [phone]

 

END

 

 

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