TwentyFour Inc Fd Publication of Circular

 
TIDMTFIF 
 
12 July 2019 
 
            NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR 
            INDIRECTLY, TO U.S. PERSONS OR IN OR INTO OR FROM THE UNITED STATES, CANADA, 
            AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN. 
 
                                    TwentyFour Income Fund Limited 
 
                                        Publication of Circular 
 
            The Board of Directors of TwentyFour Income Fund Limited (the "Company") 
            announces the publication of a circular relating to a realisation opportunity 
            for Shareholders (the "Circular") dated 12 July 2019. 
 
            The Articles provide for a Realisation Opportunity under which Shareholders may 
            elect to realise all or part of their holdings of Ordinary Shares with effect 
            from the 2019 Reorganisation Date and at three yearly intervals thereafter. 
 
            Shareholders have the option to either: 
 
             1. retain their current investment in the Company; or 
 
             2. realise their investment in the Company, by making a Realisation Election, 
                which are intended to be satisfied at the Redemption Price representing a 2 
                per cent. discount to NAV per Ordinary Share as at the Electing NAV 
                Determination Date. 
 
            Expected Timetable of Events 
 
            2019 Realisation Opportunity 
 
            Record Date                                              6:00 p.m. 16 July 2019 
 
            Election Submission Deadline, being               1:00 p.m. on 5 September 2019 
            the latest time and date for receipt of 
            the Form of Election and TTE Instructions in 
            CREST from Shareholders 
 
            Number of Elected Shares announced                7:00 a.m. on 9 September 2019 
 
 
            Election NAV Determination Date                                9 September 2019 
 
 
            2019 Reorganisation Date                                      12 September 2019 
 
            Redemption Price and number of Realisation                    13 September 2019 
            Shares announced 
 
            Admission of any Ordinary Shares that are                     16 September 2019 
            redesignated as Realisation Shares pursuant to 
            the Realisation to the Official List and 
            dealings in the Realisation Shares on the 
            London Stock Exchange's Main Market commence 
 
            Election Settlement Date: cheques despatched       week commencing 16 September 
            and payments through CREST made and CREST                                  2019 
            accounts settled 
 
 
            Balancing share certificates despatched            week commencing 23 September 
                                                                                       2019 
 
            Unless otherwise defined, capitalised words and phrases used in 
            this  announcement shall have the meaning given in the Circular. 
 
            For further information, please contact: 
 
            TwentyFour Asset Management LLP     [phone] 
            John Magrath 
            Alistair Wilson 
 
            Numis Securities Limited                       [phone] 
            Nathan Brown 
            Hugh Jonathan 
 
            IMPORTANT NOTICES 
 
            This Announcement has been issued for information purposes only, it is not a 
            prospectus.  This Announcement does not constitute or form part of and may not 
            be construed as an offer to sell, or an invitation to purchase, investments of 
            any description, nor as a recommendation regarding the possible offering or the 
            provision of investment advice by any party.  No information in this 
            announcement should be construed as providing financial, investment or other 
            professional advice and each prospective investor should consult its own legal, 
            business, tax and other advisers in evaluating any investment opportunity.  It 
            is issued by and is the sole responsibility of the Company. No representation 
            or warranty, express or implied, is or will be made to, or in relation to, and 
            no responsibility or liability is or will be accepted by Numis Securities 
            Limited ("Numis") or by any of its affiliates or agents as to or in relation 
            to, the accuracy or completeness of this Announcement or any other written or 
            oral information made available to or publicly available to any interested 
            party or its advisers, and any liability therefore is expressly disclaimed. 
 
            Numis is authorised and regulated by the Financial Conduct Authority. Numis is 
            acting for the Company as its sponsor, broker and financial advisor and is not 
            acting for anyone else and will not be responsible to anyone other than the 
            Company for providing the protections afforded to its clients nor for providing 
            the protections afforded to customers of Numis nor providing advice in relation 
            to the contents of the Supplementary Prospectus or any matters referred to 
            therein. To the fullest extent permitted by law recipients agree that Numis 
            shall not have any liability (direct or indirect) for or in connection with 
            this Announcement or any matters arising out of or in connection herewith. 
            Numis has not authorised the contents of, or any part of, this document. 
 
            The distribution of this Announcement in certain jurisdictions may be 
            restricted by law.  No action has been taken by the Company or Numis that would 
            permit an offering of any Ordinary Shares or possession or distribution of this 
            Announcement or any other offering or publicity material relating to such 
            Ordinary Shares in any jurisdiction where action for that purpose is required. 
            Persons into whose possession this Announcement comes are required by the 
            Company and Numis to inform themselves about, and to observe, such 
            restrictions. 
 
            The information contained in this Announcement is subject to change without 
            notice and neither the Company nor Numis assume any responsibility or 
            obligation to update publicly. 
 
 
 
END 
 

(END) Dow Jones Newswires

July 12, 2019 12:17 ET (16:17 GMT)