Issue of Shares

RNS Number : 0031N

Acorn Income Fund Ld

02 September 2013

 



Acorn Income Fund Limited

Issue of shares

2 September 2013

The board of Acorn Income Fund Limited (the "Company") announces that on 30 August 2013 it issued for cash under the Placing Programme as described in the Company's Prospectus, dated 8 May 2013:

1,245,060 Ordinary Shares of 1p each at 330.78p per share; and

1,671,264 redeemable Zero Dividend Preference Shares of 1p each at 111.12p per share.

Further, and as described in the revised notice of annual general meeting sent to shareholders on 26 July 2013, these same shares will be immediately repurchased by the Company, at the same prices (being the respective published NAV per share), to be held in treasury.

As a result of the issue and repurchase of shares set out above, the Company's issued share capital will consist of:

13,695,662 Ordinary Shares of 1p each; and

18,383,904 redeemable Zero Dividend Preference Shares of 1p each

of which:

1,245,060 Ordinary Shares of 1p each; and

1,671,264 redeemable Zero Dividend Preference Shares of 1p each

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 12,450,602.

It is expected that dealings in the new shares will commence at 8.00 a.m. on 3 September 2013.

Further Information

Anson Fund Managers Limited

Secretary

Tel: [phone]

Numis Securities Limited

David Benda, Corporate Broking

Tel: [phone]

 

END

 

 

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