Global Fixed Income Realisation Ltd Result of Tender Offer (4861O)
18 5월 2018 - 12:42AM
UK Regulatory
TIDMGFIR
RNS Number : 4861O
Global Fixed Income Realisation Ltd
17 May 2018
17 May 2018
GLOBAL FIXED INCOME REALISATION LIMITED
(a closed-ended investment company incorporated in Guernsey with
registration number 45717)
RESULT OF TENDER OFFER
The Board of Global Fixed Income Realisation Limited announces
the following in respect of the Tender Offer announced on 27 April
2018:
-- 25,595,838 Shares were validly tendered for repurchase under
the Tender Offer, equivalent to 97.2% of the 26,346,039 Shares in
issue.
-- Registered holders of Shares on the Tender Record Date of 16 May 2018:
- Who validly tendered a percentage of Shares equal to or less
than the Basic Entitlement will have all such Shares purchased in
full under the Tender Offer; and
- Who validly tendered a percentage of Shares greater than the
Basic Entitlement will have purchased their Basic Entitlement in
full plus 1.1599% of their validly tendered Shares in excess of
their Basic Entitlement.
-- After taking account of the rounding down of each applicant's
participation to the nearest whole Share, the Company will purchase
in aggregate 12,527,549 Shares under the Tender Offer.
-- The Tender Price is GBP0.319295, representing an
approximately 28% premium to the closing price of the Shares on the
Tender Record Date. The board estimates that the NAV per Share will
be subject to a non-material uplift as a result of the Tender
Offer.
-- All Shares purchased pursuant to the Tender Offer will be
cancelled and subsequently the Company's issued share capital will
be 13,818,490.
-- The proceeds of the Tender Offer are scheduled to be distributed by cheque on 23 May 2018.
The Company intends to hold a shareholder roundtable to discuss
the Company's strategic direction on 26 June 2018. Shareholders
interested in attending this meeting should contact Numis, the
Company's corporate broker. The meeting will be open only to
Qualified Investors(1) .
Enquiries
Numis Securities Limited
Nathan Brown, Corporate Broking and Advisory
Tel. +44 (0) 20 7260 1426
Email: n.brown@numis.com
Praxis Fund Services Limited
Tel. +44 (0)1481 737 600
Important Information
(1) As defined in section 86(7) of the Financial Services and
Markets Act 2000 (as amended).
Capitalised terms used in this announcement shall, unless the
context otherwise requires, bear the meaning given to them in the
Circular.
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 or South
Africa or any jurisdiction in which the same would be unlawful.
This announcement is for information purposes only and does not
constitute an invitation to tender shares or otherwise acquire or
dispose of securities in the Company in any jurisdiction.
Numis Securities Limited ("Numis"), which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting for the Company and is acting for no-one else in
connection with any tender offer declared by the Company 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 any tender offer by the Company 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 announcement.
This announcement has been issued through the Companies
Announcement Service of Euronext Dublin.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ISEFKODQPBKDKPD
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May 17, 2018 11:42 ET (15:42 GMT)
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