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Share Name Share Symbol Market Type Share ISIN Share Description
Sequoia Economic Infrastructure Income Fund Limited LSE:SEQI London Ordinary Share GG00BV54HY67 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -0.38% 104.60 104.60 105.00 105.00 104.60 104.80 289,820 09:14:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -65.4 -5.0 - 1,733

Sequoia Economic Infra Inc Fd Ld Issue of Shares

20/11/2020 7:00am

UK Regulatory (RNS & others)


Sequoia Economic Infrast... (LSE:SEQI)
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From Oct 2020 to Nov 2020

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TIDMSEQI

RNS Number : 9418F

Sequoia Economic Infra Inc Fd Ld

20 November 2020

20 November 2020

Sequoia Economic Infrastructure Income Fund Limited

(the "Company")

Issue of Shares in connection with the payment of Investment Adviser fees

Issue of Shares in connection with the Scrip Dividend Alternative

The Company announces that it has issued today 264,741 ordinary shares of no par value each ("IA Shares") to Sequoia Investment Management Company, the Company's Investment Adviser, in relation to fees payable for the three month period ended 30 September 2020. The IA Shares have been issued pursuant to the Investment Advisory Agreement ("IAA"), details of which were disclosed in the prospectus published by the Company on 10 February 2020.

The IA Shares are being issued at 105.4375 pence per share which represents the closing ordinary share price, on 18 November 2020, of 107.00 pence, less the dividend declared for the three month period ended 30 September 2020 of 1.5625 pence per ordinary share.

The Company further announces that it has issued 618,881 ordinary shares of no par value each to Shareholders electing under the Company's scrip dividend alternative to receive ordinary shares in lieu of cash for the interim dividend for the period from 1 July 2020 to 30 September 2020 ("Scrip Shares"). Elections under the scrip dividend alternative were received in respect of 2.54% of the ordinary shares in issue as at the record date of 23 October 2020. The Scrip Shares are being issued at a price of 106.04 pence per share as announced by the Company on 29 October 2020. When issued, these Scrip Shares will rank pari passu with the existing ordinary shares.

Applications will be made for the IA Shares and the Scrip Shares (together, "New Shares") to be admitted to the premium segment of the Official List, and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8am on 27 November 2020. The New Shares will rank pari passu with the ordinary shares already in issue.

Following Admission, the Company's issued share capital will consist of 1,657,237,553 ordinary shares. Therefore, the total number of voting rights of the Company is 1,657,237,553 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Further information on the Company's scrip dividend scheme can be found in the scrip dividend circular (the "Scrip Circular") which is available on the Company's website to view and/or download at http://www.seqifund.com . The Scrip Circular is also available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism . Copies of the Scrip Offer Circular are also available for inspection at Sarnia House, Le Truchot, St Peter Port, Guernsey.

For further information please contact:

 
 Sequoia Investment Management 
  Company 
  Steve Cook 
  Dolf Kohnhorst 
  Randall Sandstrom 
  Greg Taylor                             +44 (0) 20 7079 0480 
 Jefferies International Limited 
  (Corporate Broker & Financial 
  Adviser) 
  Neil Winward 
  Gaudi Le Roux                           +44 (0) 20 7029 8000 
 Tulchan Communications (Financial 
  PR) 
  Elizabeth Snow 
  Martin Pengelley 
  Deborah Roney                           +44 (0) 20 7353 4200 
 Praxis Fund Services Limited (Company 
  Secretary) 
  Matt Falla 
  Katrina Rowe                            +44 (0) 1481 755530 
 

About Sequoia Economic Infrastructure Income Fund Limited

The Company is a Guernsey registered closed-ended investment company that seeks to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments. The Company is advised by Sequoia Investment Management Company Limited.

LEI: 2138006OW12FQHJ6PX91

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END

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(END) Dow Jones Newswires

November 20, 2020 02:00 ET (07:00 GMT)

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