B Share Scheme

RNS Number : 3676E

Secured Income Fund PLC

07 July 2021

 

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

7 July 2021

SECURED INCOME FUND PLC

(the "Company")

B Share Scheme

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return £3,159,621 to Shareholders via a third Return of Capital by the issue of B Shares.

B Shares of £1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every 16.67 Ordinary Shares held at the Record Date of 6.00 p.m. on 15 July 2021. The B Shares will be issued on 16 July 2021 and immediately redeemed at £1 per B Share. The Redemption Date in respect of this Return of Capital is 16 July 2021. The proceeds from the redemption of the B Shares, which is equivalent to 6 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders.

Timetable

It is expected that the timetable will be as follows:

Record Date of third Return of Capital	6.00 p.m. on 15 July 2021
Ex date in respect of third Return of Capital	16 July 2021
Redemption Date of third Return of Capital	16 July 2021
Dispatch of cheques in respect of certificated holders	22 July 2021
Uncertificated holders credited with cash proceeds Pay date for B Share return of capital	23 July 2021 23 July 2021

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 16 July 2021, the total number of ordinary shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.

The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Directors David Stevenson (Chair) Susan Gaynor Coley Brett Miller		tel: [phone] tel: [phone] tel: [phone]
KKV Investment Management Ltd Catherine Halford Riera		[e-mail]
finnCap Ltd. Corporate Finance: William Marle Sales: Mark Whitfeld		tel: [phone]

 

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