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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Africa Opportunity Fund Limited | LSE:AOF | London | Ordinary Share | KYG012921535 | ORD USD0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.65 | 0.60 | 0.70 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -1.5M | -2.41M | -0.1192 | -5.45 | 13.14M |
TIDMAOF
RNS Number : 7107Q
Africa Opportunity Fund Limited
23 June 2020
23 June 2020
Africa Opportunity Fund Limited
Completion of Mandatory Redemption
PDMR Dealings
The Board of Directors of Africa Opportunity Fund Limited ("AOF" or the "Company") is pleased to announce that the partial mandatory redemption of the Company's Ordinary Shares announced on 15 June 2020 has been completed with the redemption of 9,565,216 Ordinary Shares ("Mandatory Redemption").
On 22 June 2020 , AOF redeemed 9,565,216 Ordinary Shares, on a pro rata basis, at the prevailing NAV per Ordinary Share of $ 0.5750 as at 31 May 2020 . Such shares were cancelled automatically following their redemption.
Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.
Payments of redemption proceeds are expected to be effected either through Euroclear or Clearstream (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) on or around 25 June 2 020 . Any share certificates for the balance of holdings of shares will also be despatched to shareholders on or around 25 June 2020.
Following the Mandatory Redemption, the Company has 35,006,160 Ordinary Shares in issue.
The Ordinary Shares were disabled on the record date ( 22 June 2020 ) and the ISIN number KYG012921204 (the "Old ISIN") has expired. The new ISIN number KYG012921386 (the "New ISIN") in respect of the remaining 35,006,160 Ordinary Shares which have not been redeemed will be enabled and will be available for transactions on 23 June 2020 .
DIRECTOR'S INTERESTS
As of 15 June 2020, Robert Knapp and Myma Belo-Osagie, Directors of the Company, owned 7,195,387 and 59,548 Ordinary Shares, respectively. As a result of the Mandatory Redemption described above, Robert Knapp and Myma Belo-Osagie now hold 5,651,225 and 46,769 Ordinary Shares, respectively.
The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended below.
* * *
For more information please contact:
Africa Opportunity Fund Limited
Francis Daniels Tel: +2711 684 1528 Liberum (Corporate Broker) Tel: +44 20 3100 2000
Gillian Martin
Owen Matthews
For more information about AOF, see www.africaopportunityfund.com
LEI: 213800R1UVN1T8YXS179
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Robert Knapp --------------------- -------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------- a) Position/status Non-executive Director --------------------- -------------------------------------------------- b) Initial notification Initial notification /Amendment --------------------- -------------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ------------------------------------------------------------------------- a) Name Africa Opportunities Fund Limited --------------------- -------------------------------------------------- b) LEI 213800R1UVN1T8YXS179 --------------------- -------------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------- a) Description Ordinary shares of $0.01 each ("Ordinary Shares") of the financial instrument, type of instrument ISIN number KYG012921386 Identification code --------------------- -------------------------------------------------- b) Nature of Mandatory Redemption of Ordinary Shares the transaction --------------------- -------------------------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) $0.575 1,544,162 ---------- --------------------- -------------------------------------------------- d) Aggregated N/A - Single Transaction information - Aggregated volume - Price --------------------- -------------------------------------------------- e) Date of the 23/06/2020 transaction --------------------- -------------------------------------------------- f) Place of London Stock Exchange the transaction --------------------- -------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Myma Belo-Osagie --------------------- -------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------- a) Position/status Non-executive Director --------------------- -------------------------------------------------- b) Initial notification Initial notification /Amendment --------------------- -------------------------------------------------- Details of the issuer, emission allowance market participant, 3 auction platform, auctioneer or auction monitor ------------------------------------------------------------------------- a) Name Africa Opportunities Fund Limited --------------------- -------------------------------------------------- b) LEI 213800R1UVN1T8YXS179 --------------------- -------------------------------------------------- 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted ------------------------------------------------------------------------- a) Description Ordinary shares of $0.01 each ("Ordinary Shares") of the financial instrument, type of instrument ISIN number KYG012921386 Identification code --------------------- -------------------------------------------------- b) Nature of Mandatory Redemption of Ordinary Shares the transaction --------------------- -------------------------------------------------- c) Price(s) Price(s) Volume(s) and volume(s) $0.575 12,779 ---------- --------------------- -------------------------------------------------- d) Aggregated N/A - Single Transaction information - Aggregated volume - Price --------------------- -------------------------------------------------- e) Date of the 23/06/2020 transaction --------------------- -------------------------------------------------- f) Place of London Stock Exchange the transaction --------------------- --------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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June 23, 2020 02:00 ET (06:00 GMT)
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