Secured Income Fund PLC B Share Scheme (8694F)

TIDMSSIF

RNS Number : 8694F

Secured Income Fund PLC

09 November 2022

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

09 November 2022

SECURED INCOME FUND PLC

(the "Company")

B Share Scheme

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return GBP1,579,811 to Shareholders via a sixth 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 33.33 Ordinary Shares held at the Record Date of 6.00 p.m. on 17 November 2022. The B Shares will be issued on 18 November 2022 and immediately redeemed at GBP1 per B Share. The Redemption Date in respect of this Return of Capital is 18 November 2022. The proceeds from the redemption of the B Shares, which is equivalent to 3.0 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 sixth Return       6.00 p.m. on 17 November 2022 
  of Capital 
 Ex-date in respect of sixth                    18 November 2022 
  Return of Capital 
 Redemption date of sixth Return                18 November 2022 
  of Capital 
 Dispatch of cheques in respect                 25 November 2022 
  of certificated holders 
 Uncertificated holders credited                28 November 2022 
  with cash proceeds 
  Pay date for B Share return                   28 November 2022 
   of capital

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 18 November 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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