REG - RM Infrastructure RM SecDirect - RMDC - Confirmation of Capital Reduction

RM Infrastructure IncomeAnnouncement

18/07/2024 16:15

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RNS Number : 9968W  RM Infrastructure Income PLC  18 July 2024

18 July 2024

 

RM Infrastructure Income plc

 

(the "Company")

 

Confirmation of Capital Reduction

LEI: 213800RBRIYICC2QC958

The Board of Directors of the Company announces that the reduction of capital
involving the cancellation of the share premium account of the Company (the
"Capital Reduction"), was confirmed on 12 July 2024 by the High Court of
Justice of England and Wales (the "Court").

 

The Court order confirming the Capital Reduction, and a statement of capital
approved by the Court, was registered by the Registrar of Companies on 18 July
2024 and, following their registration at Companies House, the Capital
Reduction process is now complete, thereby creating approximately £70.2
million of distributable reserves which the Company may use to support a
return of capital or other form of distribution during the managed wind-down
of the Company. The Company will make further announcements as to any further
distributions or returns of capital in due course.

 

Full details of the Capital Reduction are set out in the notice of the annual
general meeting of the Company which published by the Company on 30 April 2024
(the "Notice"). The Notice is also available for inspection on the Company's
website at https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/
(https://rm-funds.co.uk/rm-infrastructure-income/investor-relations/) .

 

For further information, please contact:

 

 RM Funds - Investment Manager                                  0131 603 7060

 James Robson

 Thomas Le Grix De La Salle

 Singer Capital Markets - Financial Adviser and Broker          020 7496 3000

 James Maxwell

 Asha Chotai

 Apex Listed Funds Services (UK) Limited - Administrator and    020 3327 9720
 Company Secretary

 Jenny Thompson

 Sylvanus Cofie

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into, or forms part of, this announcement.

 

About RM Infrastructure Income PLC

 

 

RM Infrastructure Income PLC ("RMII" or the "Company") is a closed-ended
investment trust established to invest in a portfolio of secured debt
instruments. The Company aims to generate attractive and regular dividends by
investing in Loans sourced by RM Funds (the "Investment Manager" or "RM"). The
Loans in which the Company invests are predominantly secured against company
assets, real estate, plant and machinery and/or income streams such as
accounts receivable.

 

On 20 December 2023, shareholders approved the implementation of the managed
wind-down of the Company. Accordingly, the Company's investment objective was
restated as follows: "The Company aims to conduct an orderly realisation of
the assets of the Company, to be effected in a manner that seeks to achieve a
balance between returning cash to Shareholders promptly and maximising
value.".

 

For more information, please contact James Robson at RM Funds.

 

About RM Funds

RM Funds is an alternative asset manager. Founded in 2010, with offices
in Edinburgh, and London, the firm manages capital on behalf of
institutional investors, multi-asset allocators, wealth managers and retail
investors. RM Funds focuses on real asset investing across liquid alternatives
and private markets.

 

RM Funds is a delivery partner to the British Business Bank in connection
with the Coronavirus Business Interruption Loan Scheme. RM Funds is a trading
name of RM Capital Markets Limited.

 

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