Replacement Transaction in Own Shares

RNS Number : 4918K

Acorn Income Fund Ld

25 June 2014

 



ACORN INCOME FUND LIMITED

CORRECTION TO INTERIM MANAGEMENT STATEMENT ANNOUNCEMMENT

This announcement replaces that released on 24 June 2014 at 17.30 under RNS Number 4399K17.

There are two changes to the previous announcement in relation to the price at which the Ordinary Shares and ZDP Shares were purchased by the Company as follows:

The Companypurchased 75,000 Ordinary Shares of 1p each in the capital of the Company and 100,674 ZDP Shares of 1p each in the Capital of the Company at an average price per share of £3.35 each per Ordinary Share not 3.35 pence as previously stated and £1.265 each per ZDP Share not 1.265 pence as previously stated.

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

ACORN INCOME FUND LIMITED (THE 'COMPANY')

TRANSACTION IN OWN SHARES

The Companyannounces that on 24 June 2014 it purchased 75,000 Ordinary Shares of 1p  each in the capital of the Company and 100,674 Zero Dividend Preference Shares of 1p each in the Capital of the Company (the 'ZDP Shares') at an average price per share of £3.35 each per Ordinary Share and £1.265 each per ZDP Share.

The Ordinary Shares and ZDP Shares purchased will be immediately held in treasury upon acquisition.  Following the above purchase, the total number of shares held by the Company in treasury is as follows:

Ordinary Shares: 1,410,000

ZDP Shares: 1,892,665

Following the above purchase, the total number of Ordinary Shares and ZDP Shares in issue (excluding treasury shares) is:

Ordinary Shares: 16,468,334

ZDP Shares: 22,105,706

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 16,468,334. 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 a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information about this announcement contact:

JTC Fund Managers (Guernsey) Limited Secretary

Tel: [phone]

E&OE - in transmission

 

END

 

 

POSLIFIARSIEFIS