Transaction in Own Shares

RNS Number : 0401L

Acorn Income Fund Ld

01 July 2014

 



ACORN INCOME FUND LIMITED (THE 'COMPANY')

TRANSACTION IN OWN SHARES

The Company announces that on 30 June 2014 it purchased 50,000 Ordinary Shares of 1p each in the capital of the Company and 67,116 Zero Dividend Preference Shares of 1p each in the Capital of the Company (the 'ZDP Shares') at an average price per share of £3.2966 each per Ordinary Share and £1.2825 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: 1,535,000

ZDP Shares: 2,060,455

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

Ordinary Shares: 16,343,334

ZDP Shares: 21,937,916

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 16,343,334. 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

 

 

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