Gulf Investment Fund - Results of Tender Offer
11/04/2023 13:30
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230411:nRSK8443Va&default-theme=true RNS Number : 8443V Gulf Investment Fund PLC 11 April 2023 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION 11 April 2023 Gulf Investment Fund plc (Ticker: GIF) Results of Tender Offer Minimum Size Condition passed Further to the Tender Offer announcement on 23 March 2023 (the "Announcement"), the Tender Offer closed at 1.00 p.m. on 6 April 2023. 251,672 shares were validly tendered, equal to 0.61 per cent. of the shares in issue as at 27 March 2023. The Board of Gulf Investment Fund plc (the "Company") is pleased that the resulting post Tender Offer share capital will therefore be 40,750,480 Shares, which is significantly in excess of the Minimum Size Condition (set out in the circular to shareholders dated 28 November 2022 (the "Circular") and re-confirmed in the Announcement). In line with the terms of the Tender Offer the Directors will, at their discretion, either (1) match buyers with shares tendered or (2) allocate the assets and liabilities of the Company between the Continuing Pool and the Tender Pool on the Calculation Date. A further announcement will be made in due course. Completion of the Tender Offer remains subject to certain conditions set out in paragraph 2 of the terms and conditions of the Tender Offer which is contained in the Announcement. Subject to completion of the Tender Offer, the Investment Adviser will continue to hold 17,319,759 Shares in the Company representing approximately 42.5 per cent. of the post Tender Offer share capital. Future Tender Offers In light of the ongoing Shareholder support for the Company and consistent with the proposals set out in the Circular and approved by Shareholders at the Annual General Meeting on 22 December 2022, the Company intends to implement the second 2023 Tender Offer in September 2023. For the purposes of this announcement, unless otherwise defined, capitalised words and phrases shall have the meaning given to them in the Circular. Legal Entity Identifier: 2138009DIENFWKC3PW84 For further information: Anderson Whamond Via Apex Corporate Services Gulf Investment Fund plc Suzanne Jones +44 (0) 1624 630400 Apex Corporate Services (IOM) Limited Alex Collins/Atholl Tweedie +44 (0) 20 7886 2500 Panmure Gordon William Clutterbuck +44 (0) 20 7379 5151 H/Advisors Maitland This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END RTESFMFFFEDSEEL