Proposed Placing and declaration of dividend

RNS Number : 3707Y

Aurora Investment Trust PLC

02 March 2017

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Aurora Investment Trust plc (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto.

2 March 2017

Aurora Investment Trust plc

Proposed Placing under Placing Programme and declaration of interim dividend

Placing

Aurora Investment Trust plc (the "Company") announces a proposed placing of new ordinary shares targeting minimum gross proceeds of £2 million (the "Placing").

The Placing is expected to close at 12 pm on 13 March 2017, but may close earlier or later at the discretion of the Company and Liberum.

The issue price of the Placing will be equal to the net asset value per ordinary share on the business day prior to the closing of the Placing, plus a premium to cover the direct expenses of the Placing.

The Placing is being conducted in accordance with the terms and conditions as set out in the Company's prospectus dated 22 March 2016.

Dividend

The Company announces an interim dividend of 2.0 pence per ordinary share, payable on 10 April 2017 to shareholders on the register on 10 March 2017. Ordinary shares will be marked ex-dividend in respect of the interim dividend on 9 March 2017.

The interim dividend represents the payment of net revenue income earned during the period ended 31 December 2016.  As a result, the Company does not intend to recommend a final dividend in respect of the period ended 31 December 2016.

New ordinary shares issued under the Placing will not be entitled to receive the interim dividend but will rank pari passu in all other respects with the ordinary shares currently in issue and will have the right to receive all dividends and distributions declared by the Company after admission.

Enquiries:

Lord Flight
Chairman
Tel: [phone]

John Luetchford/Anthony Lee
PraxisIFM Fund Services (UK) Limited

Company Secretary to Aurora Investment Trust plc
Tel: [phone]

Tristan Chapple
Phoenix Asset Management Partners Limited
Tel: [phone]

Chris Clarke / Henry Freeman / Robert Johnson

Liberum Capital Limited

Tel: [phone]

William Clutterbuck

Maitland

Tel: [phone]

Important notices

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of, this announcement.

Dickson Minto W.S. and Liberum Capital Limited are authorised and regulated in the UK by the Financial Conduct Authority, are acting exclusively for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by the Company, Dickson Minto W..S., Liberum Capital Limited or any of their respective directors, officers, employees or agents.  Subject to the Listing Rules and/or the Prospectus Rules and/or the Disclosure and Transparency Rules and/or the Takeover Code and/or FSMA, neither the delivery of this announcement nor any subscription or acquisition made under it shall, in any circumstances, create any implication that there has been no change in the affairs of the Company since the date of this announcement or that the information in it is correct as of any subsequent date.

This announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.

 

END

 

 

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