REG-Invesco Bond Income Plus Ltd: Result of Placing and WRAP Retail Offer

Invesco Bond Income PlusAnnouncement

17/02/2024 21:17

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
PERSONS OR INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND
OR SOUTH AFRICA.

 

8 February 2024

Invesco Bond Income Plus Limited

 

Result of Placing and WRAP Retail Offer

 

The Board of Invesco Bond Income Plus Limited ("BIPS" or the "Company") is
pleased to announce the successful completion of the placing (the "Placing")
and the WRAP retail offer (the "WRAP Retail Offer"), as announced on 24
January 2024 (the "Placing Announcement"), raising gross proceeds of £13.35
million.

 

The Company has issued, subject to Admission (defined below), a total of
7,926,727 new ordinary shares of no par value in the capital of the Company
("Shares") (the "New Shares") at a price of 168.40 pence per New Share (the
"Issue Price"), representing a 0.75% premium to the cum-income NAV per Share
as at 5 February 2024, being the last published NAV per Share prior to the
close of the Placing and the WRAP Retail Offer.

 

5,179,465 New Shares were issued pursuant to the Placing and 2,747,262 New
Shares were issued pursuant to the WRAP Retail Offer.

 

Admission and Settlement

 

Applications have been made to the Financial Conduct Authority for admission
of the New Shares to the premium segment of the Official List and to the
London Stock Exchange for admission to trading of the New Shares on its main
market for listed securities ("Admission").  It is expected that Admission
will become effective at or around 8.00 a.m. on 12 February 2024 and that
dealings in the New Shares will commence at that time.

 

The New Shares will, when issued, be credited as fully paid and rank pari
passu with the existing Shares, including the right to receive all future
dividends and distributions declared, made or paid, with a record date on or
after the date of Admission.

 

Immediately following Admission, the Company's issued share capital will
consist of 189,504,323 Shares with voting rights. This figure may be used by
shareholders in determining the denominator for the calculation by which they
will establish 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 Placing and the WRAP Retail Offer are conditional on Admission becoming
effective. 

 

For further information please contact:

 

 Invesco Fund Managers Limited Will Ellis John Armstrong-Denby Eddy Bukenya    +44(0)20 7543 3500                       
 Winterflood Retail Access Platform (WRAP) Andrew Stancliffe Phoebe Pankhurst  wrap@winterflood.com +44(0)20 3100 0000  
                                                                                                                        
 Winterflood Securities (Broker to the Company) Joe Winkley Neil Morgan        +44(0)20 3100 0000                       

Winterflood Securities Limited ("Winterflood") is acting as bookrunner to the
Company in relation to

the Placing. The Placing is not being underwritten.

 

LEI: 549300JLX6ELWUZXCX14

 

 

IMPORTANT NOTICE

 

The content of this announcement has been prepared by, and is the sole
responsibility of, Invesco Bond Income Plus Limited.

 

The information contained in this announcement is given at the date of its
publication and is subject to updating, revision and amendment from time to
time. Neither the content of the Company's website nor any website accessible
by hyperlinks to the Company's website is incorporated in, or forms part of,
this announcement.

 

Winterflood, which is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting only for the Company in connection with
the matters described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in relation
thereto and will not be responsible for providing the regulatory protection
afforded to clients of Winterflood or advice to any other person in relation
to the matters contained herein.

 

The shares of the Company have not been, nor will they be, registered under
the US Securities Act of 1933, as amended, or with any securities regulatory
authority of any state or other jurisdiction of the United States or under the
applicable securities laws of Australia, Canada, Japan, New Zealand or South
Africa. Further, the Company has not been and will not be registered under the
US Investment Company Act of 1940, as amended. Subject to certain exceptions,
the shares of the Company may not be offered or sold in any member state of
the EU other than the United Kingdom, the United States of America, Canada,
Australia, Japan, New Zealand or South Africa or to or for the account or
benefit of any national, resident or citizen of any member state of the EU
other than the United Kingdom, Canada, Australia, Japan, New Zealand or South
Africa or any person located in the United States. The Placing and the
distribution of this announcement in other jurisdictions may be restricted by
law and the persons into whose possession this announcement comes should
inform themselves about, and observe, any such restrictions.

 

This announcement may include "forward-looking statements". All statements
other than statements of historical facts included in this announcement,
including, without limitation, those regarding the Company's financial
position, strategy, plans, proposed acquisitions and objectives are
forward-looking statements.

 

Forward-looking statements are subject to risks and uncertainties and
accordingly the Company's actual future financial results and operational
performance may differ materially from the results and performance expressed
in, or implied by, the statements. These forward-looking statements speak only
as at the date of this announcement. The Company, the Investment Adviser and
Winterflood expressly disclaim any obligation or undertaking to update or
revise any forward-looking statements contained herein to reflect actual
results or any change in the assumptions, conditions or circumstances on which
any such statements are based unless required to do so by the Financial
Services and Markets Act 2000, the Prospectus Regulation Rules of the
Financial Conduct Authority or other applicable laws, regulations or rules.

 

 



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