Final Redemption of 2014 Shares Update

RNS Number : 0442V

Fair Oaks Income Limited

03 April 2019

 

Fair Oaks Income Limited

3 April 2019

FAIR OAKS INCOME LIMITED (the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

FINAL REDEMPTION OF 2014 SHARES UPDATE

An announcement was made on 13 March 2019 regarding the final redemption of 2014 Shares and the option for shareholders to elect to receive this in sterling rather than US dollars providing the relevant shareholder registered to receive redemption payments in Sterling by the redemption record date on 1 April 2019. 

The rate per share to be used to pay shareholders who elected to receive their redemption proceeds in sterling will be GBP 0.6191 per share.

It is expected that the proceeds of the redemption will be paid through CREST to holders of Shares in uncertificated form, and by cheque to holders of Shares in certificated form on 15 April 2019.

Furthermore, in conformity with the FCA's Disclosure Guidance and Transparency Rules, the Company notifies that the Company's issued share capital now consists of 453,348,737 2017 Shares only, further to the final redemption of 21,942,137 2014 Shares effected on 1 April 2019.  None of these 2017 Shares are held in Treasury, therefore, the total number of 2017 Shares with voting rights in the Company is 453,348,737.

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 Guidance and Transparency Rules (DTR 5.1.2).

The 2014 Shares are now disabled on CREST and the line of stock cancelled.

LEI: 2138008KETEC1WM5YP90

Enquiries:

Praxis Fund Services Limited

Shona Darling

DDI: [phone]

Email: [e-mail]

Numis Securities Limited

Nathan Brown, Corporate Broking

DDI: [phone]

Email: [e-mail]

 

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