Non-Mainstream Pooled Investments

RNS Number : 0849F

Africa Opportunity Fund Limited

17 April 2014

 



17 April 2014

Africa Opportunity Fund Limited

Non-Mainstream Pooled Investments

Africa Opportunity Fund Limited (the "Company") notes the Financial Conduct Authority's ("FCA") rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which came into effect on 1 January 2014.

The Board has been advised that the Company would qualify as an investment trust if it was resident in the UK, and therefore the Company's Ordinary Shares and C Shares should be classified as "excluded securities" under the NMPI Rules. It is the Board's intention that the Company will make all reasonable efforts to conduct its affairs in such a manner so that its shares can be recommended by Independent Financial Advisers to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products.

For further information, please contact:

Africa Opportunity Fund Limited
Francis Daniels                                                                                                                     Tel: [phone]

Robert Knapp                                                                                                                       Tel: [phone]

Edmond de Rothschild Securities (UK) Limited, Placing Agent & Financial Adviser
William Marle / John Armstrong-Denby                                                                         Tel: [phone]

 

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