Issue of Shares

RNS Number : 1240X

Acorn Income Fund Ld

07 January 2014

 



ACORN INCOME FUND LIMITED

ISSUE OF SHARES

7 January 2014

The board of Acorn Income Fund Limited (the "Company") announces that on 7 January 2014 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:

190,205 Ordinary Shares at 362.75p per share; and

255,315 ZDP Shares at 121.44p per share.

(together the "New Shares")

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

15,568,334 Ordinary Shares

20,897,621 ZDP Shares

Of which:

nil Ordinary Shares; and

nil 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 15,568,334.

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 10 January 2014.

Further Information

JTC Fund Managers (Guernsey) Limited

Secretary

Tel: [phone]

Numis Securities Limited

Nathan Brown, Corporate Broking

Tel: [phone]

 

END

 

 

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