Secured Income Fd - B Share Scheme

Secured Income Fund

04/05/2021 12:16

RNS Number : 4825X

Secured Income Fund PLC

04 May 2021

 

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

4 May 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 £3,686,224 to Shareholders via a second 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 Fourteen point Two Nine Ordinary Shares held at the Record Date of 6.00 p.m. on 13 May 2021. The B Shares will be issued on 14 May 2021 and immediately redeemed at £1 per B Share. The Redemption Date in respect of this Return of Capital is 14 May 2021. The proceeds from the redemption of the B Shares, which is equivalent to 7.00 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders. The capital being returned represents approximately 10.71 per cent. of the Company's Net Asset Value as at 31 March 2021, being the latest published Net Asset Value.

Timetable

It is expected that the timetable will be as follows:

Record Date of second Return of Capital
6.00 p.m. on 13 May 2021
Ex date in respect of second Return of Capital
14 May 2021
Redemption Date of second Return of Capital
14 May 2021
Payment date for CREST
21 May 2021
Dispatch of cheques in respect of certificated holders
21 May 2021

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 14 May 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 / Giles Rolls
Sales: Mark Whitfeld
tel: +44 20 7220 0500


 

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