Share Name Share Symbol Market Type Share ISIN Share Description
Funding Circle Sme Income Fund Limited LSE:FCIF London Ordinary Share GG00BYYJCZ96 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 82.70 82.40 83.00 0.00 0.00 0.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 17.2 8.4 9.8 258

SME Credit Realisation Fund Limited Holding(s) in Company

13/09/2019 11:55am

UK Regulatory (RNS & others)


Funding Circle Sme Income (LSE:FCIF)
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2 Months : From Aug 2019 to Oct 2019

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TIDMSCRF

RNS Number : 2975M

SME Credit Realisation Fund Limited

13 September 2019

SME Credit Realisation Fund Limited - TR1 Notification

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

*****

13 September 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                  SME Credit Realisation Fund Ltd 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             --------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                          X 
                                                                                                      ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                      ---- 
 An acquisition or disposal of financial instruments                                                    X 
                                                                                                      ---- 
 An event changing the breakdown of voting rights 
                                                                                                      ---- 
 Other (please specify)(iii) : 
                                                                                                      ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                         Weiss Asset Management LP 
 City and country of registered office                        Wilmington, Delaware, USA 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name                                                         Brookdale International Partners, 
                                                               L.P., Brookdale Global Opportunity 
                                                               Fund, Turing International Limited 
                                                             --------------------------------------------- 
 City and country of registered office                        Brookdale International Partners, 
  (if applicable)                                              L.P.: New York, NY, USA 
                                                               Brookdale Global Opportunity Fund: 
                                                               Grand Cayman, Cayman Islands 
                                                               Turing International Limited: Grand 
                                                               Cayman, Cayman Islands 
                                                             --------------------------------------------- 
 5. Date on which the threshold was                           Sep-09-2019 
  crossed or reached(vi) : 
                                                             --------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               Sep-12-2019 
                                                             --------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights     Total of both   Total number 
                            rights attached      through financial      in % (8.A +     of voting rights 
                            to shares (total        instruments             8.B)        of issuer(vii) 
                                of 8. A)           (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  ----------------------  --------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               0.02 %              6.36 %                  6.38 %          302,456,543 
                          ------------------  ----------------------  --------------  -------------------- 
 Position of               N/A                 N/A                     N/A 
  previous notification 
  (if 
  applicable) 
                          ------------------  ----------------------  --------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                      Direct                  Indirect 
                      (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                             ----------------------------- 
 GG00BYYJCZ96                                 50,000                                                    0.02% 
                   ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                              50,000                                                0.02% 
                   -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                            Number of voting                  % of voting 
 financial           date(x)      Conversion Period(xi)                rights that may                   rights 
 instrument                                                            be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
 
                                 SUBTOTAL 8. B 1 
                                -----------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/               Physical or              Number of             % of voting 
 financial      date(x)           Conversion              cash                     voting rights         rights 
 instrument                       Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
 CFD           N/A               N/A                     Cash Settlement          19,240,000            6.36 % 
              ----------------  ----------------------  -----------------------  -------------------- 
 
 
                                                         SUBTOTAL 8.B.2           19,240,000            6.36 % 
                                                        -----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting rights                         X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
        Name(xv)            % of voting rights      % of voting rights       Total of both if 
                              if it equals or        through financial        it equals or is 
                             is higher than the      instruments if it        higher than the 
                            notifiable threshold    equals or is higher     notifiable threshold 
                                                    than the notifiable 
                                                         threshold 
                          ----------------------  ---------------------  ------------------------ 
 Weiss Asset Management 
  LP 
                          ----------------------  ---------------------  ------------------------ 
 Brookdale International                           Below 5.0%             Below 5.0% 
  Partners, L.P. 
                          ----------------------  ---------------------  ------------------------ 
 
 Weiss Asset Management 
  LP 
                          ----------------------  ---------------------  ------------------------ 
 Brookdale Global                                  Below 5.0%             Below 5.0% 
  Opportunity Fund 
                          ----------------------  ---------------------  ------------------------ 
 
 Weiss Asset Management 
  LP 
                          ----------------------  ---------------------  ------------------------ 
 Turing International      Below 5.0%                                     Below 5.0% 
  Limited 
                          ----------------------  ---------------------  ------------------------ 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                  ----------------------------------------------- 
 The number and % of voting rights 
  held 
                                                  ----------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                  ----------------------------------------------- 
 
 11. Additional information(xvi) 
 Weiss Asset Management LP is the Investment Manager to Brookdale Global 
  Opportunity Fund, Brookdale International Partners, L.P., and Turing 
  International Limited. 
 
 
 
 Place of completion   Boston, USA 
 Date of completion    Sep-12-2019 
                      ------------ 
 

CONTACTS

Richard Boleat, Chairman

+44 (0) 1534 615 656

Richard.Boleat@smecreditrealisation.com

Secretary and Administrator

Sanne Group (Guernsey) Limited

+44 (0) 1481 739810

smecreditrealisation@sannegroup.com

Corporate Broker

Numis Securities

Nathan Brown

+44 (0) 207 260 1000

n.brown@numis.com

Investor Relations

IR@smecreditrealisation.com

Website

www.smecreditrealisation.com

The ISIN number of the Ordinary Shares is GG00BYYJCZ96, the SEDOL code is BYYJCZ9 and the TIDM is SCRF.

The LEI number of the Company is 549300ZQIYQVNIZGOW60.

*****

ABOUT SME Credit Realisation Fund Limited

The Company is a registered closed-ended collective investment scheme registered pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended and the Registered Collective Investment Scheme Rules 2018 issued by the Guernsey Financial Services Commission ("GFSC").

*****

IMPORTANT NOTICES

This announcement contains "forward-looking" statements, beliefs or opinions. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the control of the Company and all of which are based on its directors' current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "plans", "predicts", "projects", "continues", "assumes", "positioned" or "anticipates" or the negative thereof, other variations thereon or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events, assumptions or intentions. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. They appear in a number of places throughout this announcement and include statements regarding the intentions, beliefs or current expectations of the Board or the Company with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business concerning, amongst other things, the financial performance, liquidity, prospects, growth and strategies of the Company. These forward-looking statements and other statements contained in this announcement regarding matters that are not historical facts involve predictions. No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Company. Such risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed or implied in such forward-looking statements. The forward-looking statements contained in this announcement speak only as of the date of this announcement. Nothing in this announcement is, or should be relied on as, a promise or representation as to the future. The Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any change in its expectations or any change in events, conditions or circumstances on which such statements are based unless required to do so by applicable law, the Prospectus Rules, the Listing Rules or the Disclosure Rules and Transparency Rules of the FCA. No statement in this announcement is intended as a forecast or profit estimate.

Neither this announcement nor any copy of it may be made or transmitted into the United States of America (including its territories or possessions, any state of the United States of America and the District of Columbia) (the "United States"), or distributed, directly or indirectly, in the United States or to US Persons (as such term is defined in Regulation S under the US Securities Act of 1933, as amended (the "Securities Act"). Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into Australia, Canada, Japan or South Africa or to any persons in any of those jurisdictions, except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of United States, Australian, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions. This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for securities in the United States, Australia, Canada, Japan or South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

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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