REG - RM Infrastructure RM SecDirect - RMDC - Update re Strategic Review

RM Infrastructure IncomeAnnouncement

11/08/2023 07:15

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RNS Number : 0057J  RM Infrastructure Income PLC  11 August 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,
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FOR WHICH THE SAME COULD BE UNLAWFUL.

 

 

RM Infrastructure Income plc

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

 

LEI: 213800RBRIYICC2QC958

 

Update re Strategic Review

 

 

The Company notes the announcement made by GCP Infrastructure Investments
Limited ("GCP Infra") earlier today, regarding GCP Infra's proposed
combination with GCP Asset Backed Income Fund Limited ("GABI"), and its
separate ongoing discussions with RMII regarding a potential combination.

 

The Board of RMII confirms that it has received a proposal from GCP Infra (the
"Proposal"), as referred to in its announcement on 10 July 2023, regarding a
potential partial combination with GCP Infra. The Proposal would be effected
by way of a scheme of reconstruction of RMII, and the associated transfer of
certain assets of RMII to GCP Infra, in exchange for the issue of new shares
in GCP Infra to RMII shareholders. It is expected that RMII's existing CBIL
assets would not be subject to the potential combination and would remain in
RMII, to be realised in a timely and effective manner for RMII shareholders.

 

The Company is also considering one other proposal that it has received,
highlighted in the announcement on 31 July 2023, however at this time there
remains no certainty that either of the proposals 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 continues to assess both proposals and will update RMII
Shareholders 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

 

 

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