AcenciA Debt Strategies Limited Update to Circular 5 September 2014 (3315E)

TIDMACD

RNS Number : 3315E

AcenciA Debt Strategies Limited

06 February 2015

ACENCIA DEBT STRATEGIES LIMITED

(The "Company")

(Registered in Guernsey - Number 43787)

Registered Office:

Sarnia House, Le Truchot,

St Peter Port, Guernsey, GY1 4NA

Telephone: [phone]

Facsimile: [phone]

 
 For immediate release     6 February 2015 
 

UPDATE TO SHAREHOLDER CIRCULAR 5 SEPTEMBER 2014

AcenciA Debt Strategies Limited (the "Company") announces that, as previously anticipated in its circular to shareholders of 5 September 2014, it has today concluded a transaction (the "Transaction") with certain funds managed by its investment adviser, Sandalwood Securities Inc ("SSI"), to sell its entire interests in certain underlying assets, namely Sandalwood Debt Fund A SPV. The total value of the consideration is $2,361,884.76 million (approximately GBP1.5m). These investments were sold at 100% of their net asset value as at 31 December 2014 as ascribed to them by their underlying managers. The Transaction is a related party transaction under Listing Rule 11.1.7 R by reason of the common role of SSI as investment adviser to both the Company and the Purchasing Funds, but qualifies as a "smaller related party transaction" under Listing Rule 11.1.10 R and so does not require shareholder approval.

Enquiries:

Praxis Fund Services Limited

Company Secretary

Tel: [phone]

Saltus Partners LLP

Jon Macintosh

Saltus Partners LLP

[phone]

Canaccord Genuity Limited

David Yovichic

[phone]

Kepler Partners LLP

Hugh van Cutsem

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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