Announcement of publication of prospectus

RNS Number : 5145D
Africa Opportunity Fund Limited
28 March 2014
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR THE UNITED STATES OF AMERICA OR TO US PERSONS.

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities except on the basis of information in the prospectus published by the Company today in connection with the admission of the existing ordinary shares and C shares to trading on the Specialist Fund Market of the London Stock Exchange (the "Prospectus"). Copies of the Prospectus are available from the offices of Lawrence Graham LLP.

28 March 2014

Africa Opportunity Fund Limited

Announcement of publication of prospectus

 

The Board of Africa Opportunity Fund Limited (the "Company") is pleased to announce the publication today of the Prospectus in relation to the proposed placing of up to 100 million new C shares of US$0.10 each at a placing price of US$1.00 per C share (the "Placing") and their admission, along with the admission of the Company's existing ordinary shares, to the London Stock Exchange's Specialist Fund Market (the "Admission").  It is expected that Admission will become effective and that dealings will commence at 8.00 a.m. on 17 April 2014.

 

Edmond de Rothschild Securities (UK) Limited is acting as placing agent and financial adviser.

 

Availability of the Prospectus

 

The Prospectus has been approved by the UK Listing Authority and will shortly be made available for inspection at http://www.morningstar.co.uk/uk/NSM.

 

Copies of the Prospectus are also available for collection, free of charge during normal business hours from the offices of Lawrence Graham LLP, up to and including the date of Admission and at www.africaopportunityfund.com.

 

Expected Timetable

 

Latest time and date for commitments under the Placing

 

12:00 noon on 10 April 2014

Results of the Placing announced

11 April 2014

Cancellation of the admission to trading of the Ordinary Shares on AIM

7.30 a.m. on 17 April 2014

Admission of C shares effective and dealings commence on the Specialist Fund Market

8.00 a.m. on 17 April 2014

Euroclear / Clearstream accounts credited

17 April 2014

Dispatch of definitive share certificates for C shares (where applicable) by

 

 

week commencing 28 April 2014 (or as soon as possible thereafter)

 

The dates and times specified are subject to change and will be notified by the Company through a Regulatory Information Service. All references to times in this announcement are to Greenwich Mean Time unless otherwise stated.

 

For further information, please contact:

 

Africa Opportunity Fund Limited
Francis Daniels                                                                                                     Tel: +27 11 684 1528

Robert Knapp                                                                                                       Tel: +1 617 449 3127

 

Edmond de Rothschild Securities (UK) Limited, Placing Agent & Financial Adviser
William Marle                                                                                                       Tel: +44 (0)20 7845 5950

Andrew Davies (Sales)                                                                                       Tel: +44 (0)20 7845 5960

Hiroshi Funaki                                                                                                      Tel: +44 (0)20 7845 5960
funds@lcfr.co.uk


Grant Thornton UK LLP, Nominated Adviser                                 
Philip Secrett                                                                                                         Tel: +44 (0)20 7383 5100

David Hignell                                                                                                        Tel: +44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

 

 

This announcement has been prepared by the Company for information purposes only and does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, the C Shares in any jurisdiction. Any offer and/or sale of C Shares will not be registered under the applicable securities laws of the United States, Australia, Canada, South Africa or Japan. Subject to certain exceptions, the C Shares may not be offered or sold within the United States, Australia, Canada, South Africa or Japan or to any national, resident or citizen of the United States, Australia, Canada, South Africa or Japan. This announcement does not constitute any form of financial opinion or recommendation on the part of the Company or any of its affiliates or advisers and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities in any jurisdiction.

 

Neither the U.S. Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the securities referred to in this announcement or passed upon the adequacy or accuracy of this announcement. Any representation to the contrary is a criminal offence in the United States.


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