Secured Income Fund PLC B Share Scheme

TIDMSSIF

RNS Number : 9759M

Secured Income Fund PLC

26 May 2022

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

26 May 2022

SECURED INCOME FUND PLC

(the "Company")

The B Share Scheme announcement released at 4.53pm on 25 May 2022 (RNS 8239M) should have had an Ex-date in respect of Fifth Return of Capital and Redemption Date of Fifth Return of Capital of 6 June 2022. All other details remain unchanged.

B Share Scheme - Amendment

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return GBP3,159,621 to Shareholders via a Fifth Return of Capital by the issue of B Shares.

B Shares of GBP1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every 16.66 Ordinary Shares held at the Record Date of 6.00 p.m. on 1 June 2022. The B Shares will be issued on 6 June 2022 and immediately redeemed at GBP1 per B Share. The Redemption Date in respect of this Return of Capital is 6 June 2022. The proceeds from the redemption of the B Shares, which is equivalent to 6.0 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders.

Timetable

It is expected that the timetable will be as follows:

 
 Record Date of Fifth Return       6.00 p.m. on 1 June 2022 
  of Capital 
 Ex-date in respect of Fifth                    6 June 2022 
  Return of Capital 
 Redemption Date of Fifth Return                6 June 2022 
  of Capital 
 Dispatch of cheques in respect                14 June 2022 
  of certificated holders 
 Uncertificated holders credited               15 June 2022 
  with cash proceeds 
  Pay date for B Share return                  15 June 2022 
   of capital

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 6 June 2022, the total number of Ordinary Shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.

The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

( http://www.securedincomefundplc.co.uk/ )

For further information please contact:

 
 Directors 
  David Stevenson (Chair)              tel: +44 7973 873785 
  Susan Gaynor Coley                   tel: +44 7977 130673 
  Brett Miller                         tel: +44 7770 447338 
 finnCap Ltd.                        tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  Sales: Mark Whitfeld

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END

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