Additional listing pursuant to Scrip Alternative
20 August 2020
Sequoia Economic Infrastructure Income Fund Limited
Additional listing pursuant to Scrip Alternative and Total Voting Rights
The Company today announces that it has made an application for 1,413,115 new ordinary shares of no par value in the capital of the Company ("New Shares") to be admitted to the Official List of the Financial Conduct Authority (the "FCA") and to trading on the London Stock Exchange. It is expected that these New Shares will be admitted to trading on or around 28 August 2020.
The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 April 2020 to 30 June 2020. Elections for a scrip dividend were received in respect of 5.65% of the Ordinary Shares in issue as at the record date of 24 July 2020. When issued, these New Shares will rank pari passu with the existing Ordinary Shares.
Following admission of the New Shares, the Company's issued share capital will consist of 1,656,353,931 Ordinary Shares of no par value each. Each share carries one vote therefore with effect from 28 August 2020, the total number of voting rights in issue will be 1,656,353,931.
The above figure of 1,656,353,931 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 Scrip Dividend Scheme can be found in the Scrip Dividend Alternative Offer Circular (the "Scrip Offer") which is available on the Company's website to view and/or download at http://www.seqifund.com. The Scrip Offer is also available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Copies of the Scrip Offer Circular will also be available for inspection at Sarnia House, Le Truchot, St Peter Port, Guernsey.
The date for admission and dealing of the New Shares to be issued pursuant to the scrip dividend alternative is expected to be 28 August 2020.
For further information please contact:
Sequoia Investment Management Company
+44 (0)20 7079 0480
Jefferies International Limited (Corporate Broker & Financial Adviser)
Gaudi Le Roux
+44 (0) 20 7029 8000
Tulchan Communications (Financial PR)
+44 (0)20 7353 4200
Praxis Fund Services Limited (Company Secretary)
+44 (0)1481 755530
About Sequoia Economic Infrastructure Income Fund Limited
The Company 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.
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