REG - RM Infrastructure RM SecDirect - RMDC - Shareholder Update

RM Infrastructure IncomeAnnouncement

31/07/2023 07:00

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RNS Number : 6269H  RM Infrastructure Income PLC  31 July 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION
FOR WHICH THE SAME COULD BE UNLAWFUL.

 

RM Infrastructure Income PLC

(the ''Company'' or "RMII")

 

LEI: 213800RBRIYICC2QC958

 

Shareholder Update

 

Following the Company's shareholder consultation announced on 23 May 2023,
certain shareholders requested a further update on progress by the end of
July.  To that end, the Company announces that it continues to actively
progress discussions regarding a potential combination of its assets with
another suitable investment company or fund.

 

Since the Company's last update on 10 July 2023, the Board received an
additional proposal under s110 of the Insolvency Act 1986 which is under
consideration alongside one other proposal highlighted in the 10 July 2023
announcement, however at this time there remains no certainty that either of
the approaches received will develop into a recommendable transaction.  For
the avoidance of doubt, neither approach anticipates any offer for the
Company, recommended or otherwise, under the City Code on Takeovers and
Mergers.

 

The Company will provide a further update when appropriate.  In the meantime,
the Company confirms that it will not make any new investments, save where it
is required to preserve the value of an existing investment or where further
capital is being drawn against an existing commitment or facility, with cash
received from maturing loans used to continue to reduce the Company's leverage
and buy back shares as appropriate.

 

 

 

For further information, please contact:

 

 RM Infrastructure Income plc  RMInfraCoSecmailbox@apexfs.group (mailto:RMInfraCoSecmailbox@apexfs.group)

 Norman Crighton
 Singer Capital Markets        020 7496 3000

 James Maxwell

 Asha Chotai

 Peel Hunt LLP                 020 7418 8900

 Luke Simpson

 Liz Yong

 

 

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.

 

Its 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.

 

 

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.

 

RM Funds is a signatory to the Principles of Responsible Investment.

 

 

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