REG - Secured Income Fd - B Share Scheme

Secured Income FundAnnouncement

07/07/2021 07:00

RNS Number : 3676E
  
Secured Income Fund PLC
  
07 July 2021
  
 

Secured Income Fund Plc
LEI: 213800TR2S2TT6PKVH57
7 July 2021
SECURED INCOME FUND PLC
(the "Company")
B Share Scheme
Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return £3,159,621 to Shareholders via a third Return of Capital by the issue of B Shares.
B Shares of £1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every 16.67 Ordinary Shares held at the Record Date of 6.00 p.m. on 15 July 2021. The B Shares will be issued on 16 July 2021 and immediately redeemed at £1 per B Share. The Redemption Date in respect of this Return of Capital is 16 July 2021. The proceeds from the redemption of the B Shares, which is equivalent to 6 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders.
Timetable
It is expected that the timetable will be as follows:



Record Date of third Return of Capital


6.00 p.m. on 15 July 2021




Ex date in respect of third Return of Capital


16 July 2021




Redemption Date of third Return of Capital


16 July 2021




Dispatch of cheques in respect of certificated holders


22 July 2021




Uncertificated holders credited with cash proceeds
Pay date for B Share return of capital


23 July 2021
23 July 2021



All redemption payments will be paid gross of tax.
Following the issue and redemption of B shares on 16 July 2021, the total number of ordinary shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.
The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
 







 




Directors
David Stevenson (Chair)
Susan Gaynor Coley
Brett Miller
 
 


 
tel: +44 7973 873785
tel: +44 7977 130673
tel: +44 7770 447338
 
 




KKV Investment Management Ltd
Catherine Halford Riera
 
 


Investor.communications@kkvim.com 




finnCap Ltd.
Corporate Finance: William Marle
Sales: Mark Whitfeld


tel: +44 20 7220 0500
 
 








 

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