Issue of Shares

RNS Number : 7313X

Acorn Income Fund Ld

15 January 2014

 



ACORN INCOME FUND LIMITED

ISSUE OF SHARES

15 January 2014

The board of Acorn Income Fund Limited (the "Company") announces that on 15 January 2014 it issued for cash under the Placing Programme (as described in the Company's Prospectus, dated 8 May 2013) ordinary shares of 1p each in the capital of the Company (the "Ordinary Shares") and also redeemable zero dividend preference shares of 1p each in the capital of the Company (the "ZDP Shares") as follows:

1,725,000 Ordinary Shares at 371.71 pence per share; and

2,315,495 ZDP Shares at 113.83 pence per share.

Further, and as described in the notice of extraordinary general meeting sent to shareholders on 4 December 2013, these same shares will be immediately repurchased by the Company, at the same prices (being the respective latest published NAV per share), to be held in treasury.

As a result of the issue and repurchase of shares set out above, the Company's issued share capital is:

17,293,334 Ordinary Shares of 1p each; and

23,213,116 redeemable Zero Dividend Preference Shares of 1p each

of which:

1,725,000 Ordinary Shares of 1p each; and

2,315,495 redeemable Zero Dividend Preference Shares of 1p each

are held in treasury.

The ZDP Shares do not have the right to attend or vote at any general meeting of the Company unless the business of the meeting includes any resolution to vary, modify or abrogate any of the special rights attached to the ZDP Shares. Accordingly, the total number of voting rights in the Company is 15,568,334.

It is expected that dealings in the new shares will commence at 8.00 a.m. on 20 January 2014.

Further Information

JTC Fund Managers (Guernsey) Limited

Secretary

Tel: [phone]

Numis Securities Limited

Nathan Brown, Corporate Broking

Tel: [phone]

 

END

 

 

STRQKPDQBBKDADD