REG-M&G Credit Income Investment Trust plc Result of Placing and WRAP Retail Offer

M&G Credit Income Investment TrustAnnouncement

21/03/2025 07:15

============

   M&G Credit Income Investment Trust plc (MGCI)
   Result of Placing and WRAP Retail Offer

   21-March-2025 / 07:00 GMT/BST

   ══════════════════════════════════════════════════════════════════════════

   NOT FOR RELEASE, PUBLICATION OR  DISTRIBUTION, DIRECTLY OR INDIRECTLY,  IN
   WHOLE OR  IN  PART, INTO  OR  WITHIN  THE UNITED  STATES,  AUSTRALIA,  NEW
   ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR
   ANY OTHER JURISDICTION WHERE,  OR TO ANY  OTHER PERSON TO  WHOM, TO DO  SO
   MIGHT  CONSTITUTE  A  VIOLATION  OR  BREACH  OF  ANY  APPLICABLE  LAW   OR
   REGULATION.  PLEASE  SEE  THE  IMPORTANT   NOTICE  AT  THE  END  OF   THIS
   ANNOUNCEMENT.

    

   21 March 2025

                     M&G Credit Income Investment Trust plc

                                        

                    Result of Placing and WRAP Retail Offer

    

   The Board  of  M&G Credit  Income  Investment  Trust plc  (“MGCI”  or  the
   “Company”) is pleased to announce the successful completion of the placing
   (the “Placing”) and the WRAP retail  offer (the “WRAP Retail Offer”)  (the
   Placing and WRAP Retail Offer together, the “Fundraising”), raising  gross
   proceeds of £6.3million.

    

   The Company will issue, subject to  Admission (defined below), a total  of
   6,647,969 new  ordinary shares  of 1  pence  each in  the capital  of  the
   Company (“Ordinary Shares”) (the “New Shares”)  at a price of 95.13  pence
   per New Share  (the “Issue  Price”), representing  a 1.0%  premium to  the
   cum-income NAV per Ordinary Share as  at 28 February 2025, being the  last
   published NAV per Ordinary Share prior to the close of the Fundraising, as
   announced on 18 March 2025.

    

   4,384,509 New Shares will be issued pursuant to the Placing and  2,263,460
   New Shares will be issued pursuant to the WRAP Retail Offer.

    

   Admission and Settlement

    

   Applications have been made to the Financial Conduct Authority (the “FCA”)
   for admission  of the  New  Shares to  the closed-ended  investment  funds
   category and to the London Stock Exchange plc 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 am  on
   25 March 2025 and that  dealings in the New  Shares will commence at  that
   time.

    

   The New Shares will, when issued, be credited as fully paid, and have  the
   right to receive all dividends  and other distributions declared, if  any,
   by reference to a  record date after  the date of their  issue and in  all
   other respects will rank pari passu with the existing Ordinary Shares.

    

   Immediately following Admission, the  Company’s issued share capital  will
   consist of 160,493,740 Ordinary 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 Company does not hold  any
   shares in treasury.

    

   The Placing  and  the  WRAP  Retail Offer  are  conditional  on  Admission
   becoming effective. 

    

   For further information please contact:

    

   MUFG Corporate Governance Limited (Company
   Secretary)                                         +44 (0)20 3757 1912

   Paula O’Reilly
                                                       
   Winterflood Securities Limited                     +44 (0)20 3100 0000
   Neil Morgan                                         
   Darren Willis                                       
                                                       
   Winterflood Retail Access Platform                  1 WRAP@winterflood.com
   Joe Winkley                                        +44(0) 20 3100 0286
   Sophia Bechev                                       
                                                       

    

   The Company's LEI is: 549300E9W63X1E5A3N24

    

   IMPORTANT NOTICE

    

   The content of  this announcement has  been prepared by,  and is the  sole
   responsibility of, M&G Credit Income Investment Trust plc.

    

   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 Ordinary Shares have not been and will not be registered under the  US
   Securities Act of 1933, as amended (the "US Securities Act"), or under the
   securities laws 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.  The Ordinary Shares may  not be offered or  sold
   directly or indirectly  in or into  the United  States or to,  or for  the
   account or benefit of, any US  Person (within the meaning of Regulation  S
   under the  US Securities  Act  (“Regulation S”)),  except pursuant  to  an
   exemption from,  or in  a  transaction not  subject to,  the  registration
   requirements  of  the  US  Securities  Act  and  in  compliance  with  any
   applicable securities  laws of  any  state or  other jurisdiction  in  the
   United States, and under circumstances that  that would not result in  the
   Company being in violation  of the US Investment  Company Act of 1940,  as
   amended (the  “US  Investment Company  Act”).  No public  offering  of  the
   Ordinary Shares is being  made in the United  States. The Ordinary  Shares
   are  being  offered  and  sold  outside  the  United  States  in   “offshore
   transactions”, as  defined in,  and  in compliance  with, Regulation  S  to
   non-US persons  (within the  meaning of  Regulation S).  In addition,  the
   Company has not been, and will not be, registered under the US  Investment
   Company Act.

    

   Subject to certain exceptions, the Ordinary  Shares may not be offered  or
   sold in any member state of the EU, 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, Canada,  Australia,
   Japan, New Zealand or  South Africa. 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 Manager 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 (as  amended),  the  Prospectus Regulation  Rules  of  the  Financial
   Conduct Authority or other applicable laws, regulations or rules.

    

   ══════════════════════════════════════════════════════════════════════════

   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   ISIN:          GB00BFYYL325, GB00BFYYT831
   Category Code: ROI
   TIDM:          MGCI
   LEI Code:      549300E9W63X1E5A3N24
   Sequence No.:  379689
   EQS News ID:   2104062


    
   End of Announcement EQS News Service

   ══════════════════════════════════════════════════════════════════════════

References

   Visible links
   1. mailto:WRAP@winterflood.com


============