Alcentra European Fltng Rate Inc Fd Result of March 2020 Tender Process (5987J)
14 Aprile 2020 - 5:38PM
UK Regulatory
TIDMAEFS
RNS Number : 5987J
Alcentra European Fltng Rate Inc Fd
14 April 2020
Alcentra European Floating Rate Income Fund Limited (the
"Company")
14 April 2020
Result of March 2020 Tender Process
The Board of Directors of Alcentra European Floating Rate Income
Fund Limited (the "Company") announces that the Company has
accepted in full the Tender Requests in respect of the March 2020
Tender.
Accordingly, the Company repurchased 11,683,734 Shares on 9
April 2020 at GBP 0.8342 per Share, this being the Tender
Price.
The Company will pay GBP 0.8335 per Share that it repurchases,
this being the Tender Price less the Expenses of the Quarterly
Tender Offer.
Settlement of the repurchase will be made on 15 May 2020, the
Share Sale Settlement Date.
The Company will hold the repurchased shares in treasury, in
line with the policy set out in the circular to Shareholders
published by the Company on 28 August 2019 (the "Circular").
Following this transaction, as at 15 May 2020 the Company will have
91,677,667 Shares in issue and 110,013,200 voting rights. There
will be 28,193,862 Shares held in the Company's treasury
account.
As reported in the Update on March 2020 Tender announcement on
19 February 2020, these Tender Requests represent 11.3 per cent. of
the Company's Shares in issue, less than the maximum 20 per cent.
of the Company's Shares in issue available to be tendered in the
quarter.
The capitalised terms used in this announcement but not defined
herein are as defined in the Circular.
Enquiries:
Siobhan Lavery
BNP Paribas Securities Services S.C.A., Guernsey Branch
Tel: 01534 709181
LEI: 549300BZ4K4RM8RKES49
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END
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