REG - GCP Asset Backed Inc - Second Capital Distribution Update

GCP Asset Backed Income FundAnnouncement

18/11/2024 07:00

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RNS Number : 5837M  GCP Asset Backed Income Fund Ltd  18 November 2024

GCP Asset Backed Income Fund Limited

("GABI" or the "Company")

LEI: 213800FBBZCQMP73A815

Second Capital Distribution Update

18 November 2024

The Board announces that in connection with the initial capital distribution
announced on 6 November 2024, the Company has compulsory redeemed as at close
of business on 15 November 2024 (the "Redemption Date") on a pro rate basis
50,409,977 ordinary shares at a price of 89.33875 pence per share, which was
approximately 18.95% of the Company's ordinary shares in issue.

Fractions of ordinary shares produced by the applicable redemption ratio have
not been redeemed and therefore the number of shares redeemed in respect of
each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST
(in the case of ordinary shares held in uncertificated form) or by cheque (in
the case of ordinary shares held in certificated form) by 29 November 2024.
Any certificates currently in circulation will be superseded by a new
certificate which will be distributed to certificated shareholders by 29
November 2024.

Following the redemption, the Company has 215,606,413 ordinary shares in
issue. Therefore, the total number of voting rights is 215,606,413 and may be
used by shareholders as the denominator for determining 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.

The new ISIN, JE00BSY6HT75 (the "New ISIN"), in respect of the remaining
shares which have not been redeemed, has been enabled and is available for
transactions from 8.00 a.m. on 18 November 2024. CREST will automatically
transform any open transactions as at the Redemption Date into the New ISIN.

For further information, please contact:

 GCP Asset Backed Income Fund Limited                                     +44 (0)15 3482 2251

 Alex Ohlsson, Chairman
 Barclays Bank PLC                                                        +44 (0)20 7623 2323

 Dion Di Miceli

 Stuart Muress

 James Atkinson

 Gravis Capital Management Limited                                        +44 (0)20 3405 8500

 Philip Kent

 Anthony Curl

 Cameron Gardener

 Burson Buchanan                                                          +44 (0)20 7466 5000

 Helen Tarbet

 Henry Wilson

 Samuel Adams

Notes to the Editor

About GABI

GCP Asset Backed Income Fund Limited is a closed ended investment company. Its
shares are traded on the Main Market of the London Stock Exchange. Its
investment objective is to undertake a managed wind-down of the Company and
realise all existing assets in the Company's portfolio in an orderly manner.

The Company's portfolio comprises a diversified portfolio of predominantly UK
based asset backed loans which are secured against contracted, predictable
medium to long term cash flows and/or physical assets.

 

 

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