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TPF Taliesin Pty

4,450.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Taliesin Pty LSE:TPF London Ordinary Share JE00B3B3WB31 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4,450.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Taliesin Property Fund Limited Issue of Equity (8865W)

29/04/2016 3:23pm

UK Regulatory


Taliesin Pty (LSE:TPF)
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TIDMTPF TIDMTPFZ

RNS Number : 8865W

Taliesin Property Fund Limited

29 April 2016

Taliesin Property Fund Limited

Issue of Equity

Taliesin Property Fund Limited (the "Company") announces that on 29 April 2016 it issued in aggregate 356,515 new ordinary shares of no par value ("New Ordinary Shares") in satisfaction of EUR11,019,896 of the performance fee payable for the year ended 31 December 2015. Of these New Ordinary Shares 278,729 were issued to JJ Investment Management Limited ("JJIM") and 77,786 to Taliesin Management Limited ("TML"), the Company's joint investment advisers. Pursuant to the terms of the Company's investment adviser agreements with TML and JJIM, the New Ordinary Shares have been issued at a price equal to the 20 day average share price prior to 31 December 2015, being EUR30.91. The aggregate performance fees in relation to 2015 amounted to EUR11,070,875 and accordingly a balance of EUR50,979 has been paid in cash to TML.

Following the issues of the New Ordinary Shares, TML will have a total shareholding in the Company of 615,946 ordinary shares, representing 12.73 per cent of the Company's voting rights. In addition, Mark Smith, a director of the Company, who with his wife holds the majority of the ordinary shares of TML, also has a shareholding in the Company of 403,449 ordinary shares (including the ordinary shares issued to JJIM which is wholly owned by Mark Smith), representing 8.34 per cent of the Company's voting rights.

Application has been made for the 356,515 New Ordinary Shares to be admitted to trading on AIM and admission is expected to be effective at 8.00 a.m. on 6 May 2016

Following the allotments of the new Ordinary Shares, with effect from admission, the Company's issued share capital will consist of 4,840,187 ordinary shares, none of which are held in treasury. Accordingly, the total number of voting rights in the Company will be 4,840,187.

For further information, please contact:

Taliesin Property Fund Limited

   Mark Smith, Director      01534 700 000 

Stockdale Securities Limited

   Alastair Moreton            020 7601 6118 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEZKLFLQZFLBBB

(END) Dow Jones Newswires

April 29, 2016 10:23 ET (14:23 GMT)

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