REG - RM Infrastructure RM SecDirect - RMDC - Confirmation of Tender Price and Shares Available

RM Infrastructure IncomeAnnouncement

19/09/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240919:nRSS7581Ea&default-theme=true

RNS Number : 7581E  RM Infrastructure Income PLC  19 September 2024

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART IN THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, ANY
MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY OTHER JURISDICTION WHERE ITS
RELEASE, PUBLICATION OR DISTRIBUTION IS OR MAY BE UNLAWFUL. THE INFORMATION
CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY
JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION TO
PARTICIPATE IN THE TENDER OFFER (AS DEFINED HEREIN) IN OR FROM ANY
JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS
UNLAWFUL TO MAKE SUCH OFFER UNDER APPLICABLE SECURITIES LAWS OR OTHERWISE.

19 September 2024

RM Infrastructure Income Plc

(the "Company" or "RMII")

LEI: 213800RBRIYICC2QC958

Confirmation of Tender Price and Shares Available

Further to the Company's announcement dated 18 September 2024, the Company
confirms that the Tender Price at which the Tender Offer is being made is
88.59 pence per Ordinary Share, equal to the Net Asset Value ("NAV") per
Ordinary Share as at 30 August 2024.

The Company also announces that the final maximum aggregate value of the
Tender Offer is £17,486,194. Therefore, the total number of Tender Offer
shares available for purchase on behalf of the Company is 19,738,338,
resulting in a Basic Entitlement percentage of 16.81% for Eligible
Shareholders.

An Eligible Shareholder tendering up to their Basic Entitlement will have
their tender satisfied in full. Any Eligible Shareholder tendering more than
their Basic Entitlement will have their Excess Application satisfied if there
are sufficient remaining Available Shares. Such Available Shares shall be
apportioned to Eligible Shareholders pro rata to their Excess Applications
should other Eligible Shareholders not tender the full amount of their Basic
Entitlement and as a result of certain Overseas Shareholders not being
permitted to participate in the Tender Offer.

Basic Entitlements will be calculated by reference to registered shareholdings
as at the Tender Record Date and will be rounded down to the nearest whole
number of Ordinary Shares.

Expected Timetable of Principal Events

                                                                                2024
 Latest time and date for receipt of Forms of Proxy, appointments of proxy via  12.00 p.m. on 23 September
 CREST or any other electronic voting instructions for the General Meeting
 Latest time and date for receipt of Tender Forms, settlement of TTE            1.00 p.m. on 24 September
 Instructions from CREST and Tender Offer Closing Date
 Tender Record Date                                                             6.00 p.m. on 24 September
 Time and date of General Meeting                                               12.00 p.m. on 25 September
 Result of General Meeting and Tender Offer expected to be announced            25 September
 Completion of the Tender Offer                                                 26 September
 CREST settlement date: Payments through CREST made and CREST accounts settled  30 September
 Cheques and balancing share certificates despatched to certificated            Week commencing 30 September
 Shareholders

All references to times in this document are to London time.

Capitalised terms in this announcement shall have the same meanings attributed
to them in the Circular unless otherwise defined in this announcement.

The Circular can be viewed on the Company's website at
https://rm-funds.co.uk/rm-infrastructure-income/
(https://rm-funds.co.uk/rm-infrastructure-income/) and at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) .

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

 

About RM Infrastructure Income Plc

 

The Company aims to generate attractive and regular dividends and positive
social impact by lending to assets at the forefront of providing essential
services to society.

 

It has a diversified portfolio of loans sourced or originated by the
Investment Manager with a degree of inflation protection through index-linked
returns where appropriate. Loans in which the Company invests are
predominantly secured against assets such as real estate or plant and
machinery and/or income streams such as account receivables.

 

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 trading name of RM Capital Markets Limited.

 

IMPORTANT INFORMATION

 

The distribution of this announcement in certain jurisdictions may be
restricted by law. It is the responsibility of all Overseas Shareholders to
satisfy themselves as to the observance of any legal requirements in their
jurisdiction, including, without limitation, any relevant requirements in
relation to the ability of such holders to participate in the Tender Offer.
The Tender Offer is not being made directly or indirectly in or into the
United States, Australia, Canada, Japan, New Zealand, the Republic of South
Africa or any member state of the European Economic Area, and cannot be
accepted from within United States, Australia, Canada, Japan, New Zealand, the
Republic of South Africa or any member state of the European Economic Area.

 

Any decision to participate in the Tender Offer should only be made on the
basis of an independent review by an Eligible Shareholder of the Company's
publicly available information. Neither Singer Capital Markets Securities
Limited ("Singer Capital Markets") nor any of its affiliates accept any
liability arising from the use of, or make any representation as to the
accuracy or completeness of, this announcement or the Company's publicly
available information.

 

Singer Capital Markets, which conducts its UK investment banking activities as
Singer Capital Markets is authorised and regulated in the United Kingdom by
the FCA and is exclusively advising the Company and no one else in connection
with the Tender Offer. Singer Capital Markets will not be responsible to any
person other than the Company for providing the protections afforded to its
customers, nor for providing advice in relation to the Tender Offer or the
contents of this announcement or the Circular. Nothing in this paragraph shall
serve to exclude or limit any responsibilities which Singer Capital Markets
may have under the Financial Services and Markets Act 2000 (as amended) or the
regulatory regime established thereunder.

 

The content of the website referred to in this announcement is not
incorporated into, and does not form part of, this announcement.

 

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  TENBLGDCDGBDGSI