Result of EGM & Equity Issue
Schroder Oriental Income Fund Limited
Result of EGM and equity issue
6 June 2013
Schroder Oriental Income Fund Limited (the "Company") is pleased to announce that at the Extraordinary General Meeting of the Company held at Trafalgar Court, Les Banques, St Peter Port, Guernsey GY1 3QL at 12 noon on Thursday, 6 June 2013 all the resolutions as set out in the shareholder circular dated 10 May 2013, were duly passed.
Further, the Company has received applications and commitments for a total of 50,853,707 C shares pursuant to the placing, open offer and offer for subscription. Accordingly applications under the open offer and offer for subscription and commitments under the placing will all be met in full.
Application has been made for 50,853,707 C Shares to be issued pursuant to the Issue and 19,000,000 Ordinary Shares to be admitted to listing on the premium segment of the Official List of the FCA and to trading on the London Stock Exchange's main market for listed securities. It is expected that Admission will become effective, and dealings will commence, on 11 June 2013.
The Company will instruct Euroclear on or around 11 June 2013 (or as soon as practicable thereafter) to credit the appropriate stock accounts in CREST of the placees and subscribers (on a deliver versus payment basis) with their respective entitlements to C Shares. Temporary documents of title will not be issued pending the dispatch by post of definitive certificates, which is expected to take place by 13 June 2013.
Further Information
John Spedding
Schroder Investment Management Limited
Tel: 020 7658 3206
Numis Securities Limited
David Benda, Hugh Jonathan (Corporate Broking)
Tel: 020 7260 1000
Important Notices
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S. PERSONS. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE INCLUDING IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND OR THE REPUBLIC OF SOUTH AFRICA.
The information in this announcement should be read in conjunction with the full text of the Circular.
Copies of the Prospectus and Circular have been submitted to the National Storage Mechanism and are available for inspection at www.Hemscott.com/nsm.do.
Unless otherwise defined, capitalised words and phrases in this announcement shall have the meaning given to them in the Prospectus and Circular.
This announcement is for information purposes only and does not constitute an invitation to subscribe for or otherwise acquire or dispose of securities in the Company in any jurisdiction. The information contained in this announcement is for background purposes, is subject to updating and amendment, and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.
This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made to, or in relation to, and no responsibility or liability is or will be accepted by Numis Securities Limited ("Numis") as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
Numis is acting for the Company as sponsor, corporate broker, financial adviser in relation to the proposed issues of New Shares. Numis is authorised and regulated by the Financial Conduct Authority. Numis is not acting for anyone else and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for providing advice in relation to the proposed issues or any other matter referred to herein. To the fullest extent permitted by law recipients agree that Numis shall not have any liability (direct or indirect) for or in connection with this announcement or any matters arising out of or in connection herewith. Numis has not authorised the contents of, or any part of, this document.
This information is provided by RNS
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