TIDMBGLF
RNS Number : 4029Z
Blackstone/GSO Loan Financing Ltd
14 March 2017
Blackstone / GSO Loan Financing Limited (the "Company")
14 March 2017
Result of Issue under Placing Programme
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR
INDIRECTLY, TO U.S. PERSONS OR INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN.
The Company announces that to satisfy continued investor demand
it has issued 1,000,000 new Euro ordinary shares of no par value
(the "New Shares") at a price of EUR1.03 per New Share raising
EUR1.03 million (before costs and expenses). The issue price
represents a premium of approximately 3% to the unaudited NAV as at
31 January 2017, adjusted for the dividend declared on 20 January
2017 for the period to 31 December 2016. The New Shares will be
eligible for the dividend payable in respect of the period from 1
January 2017 to 31 March 2017.
Applications have been made to the Channel Islands Securities
Exchange Authority Limited (the "CISEA") for the New Shares to be
admitted to the Official List of the CISEA and to the London Stock
Exchange for the New Shares to be admitted to trading on the
Specialist Fund Segment (together, "Admission"). It is expected
that Admission will become effective on 17 March 2017 and that
dealings in the New Shares will commence at that time. The Board is
aware that there may be further unsatisfied demand for New Shares
and reserves the right to issue further ordinary shares at its sole
discretion.
Following Admission, the Company will have 397,981,446 Euro
shares in issue. Therefore, the total number of voting rights of
the Company will be 397,981,446 and this figure 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
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Contacts:
BNP Paribas
Siobhan Lavery 01534 709 181
Fidante Capital
Katie Standley 020 7832 0900
N+1 Singer Advisory
LLP
Gillian Martin 020 7496 3000
NOTE: PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE
PERFORMANCE RESULTS AND THERE CAN BE NO ASSURANCE THAT BGLF WILL
ACHIEVE COMPARABLE RESULTS.
IMPORTANT INFORMATION
Any reference herein to future returns or distributions is a
target and not a forecast and there can be no guarantee or
assurance that it will be achieved.
This document has been issued by Blackstone / GSO Loan Financing
Limited (the "Company"), and should not be taken as an inducement,
offer or invitation to engage in any investment activity and is for
the purpose of providing information about the Company. This
document is an advertisement and not a prospectus and investors
should not subscribe for or purchase any shares referred to in this
document except on the basis of information in the Prospectus (and
any supplementary prospectus). This document does not constitute or
form part of, and should not be construed as, any offer for sale or
subscription of, or solicitation of any offer to buy or subscribe
for, any share in the Company or securities in any other entity, in
any jurisdiction, including the United States, Australia, Canada,
Japan, South Africa nor shall it, or any part of it, or the fact of
its distribution, form the basis of, or be relied on in connection
with, any contract or investment decision whatsoever, in any
jurisdiction.
This document, and the information contained therein, is not for
viewing, release, distribution or publication in or into the United
States, Australia, Canada, Japan, South Africa or any other
jurisdiction where applicable laws prohibit its release,
distribution or publication, and will not be made available to any
national, resident or citizen of the United States, Australia,
Canada, Japan or South Africa. The distribution of this document in
other jurisdictions may be restricted by law and persons into whose
possession this document comes must inform themselves about, and
observe, any such restrictions. Any failure to comply with the
restrictions may constitute a violation of the federal securities
law of the United States and the laws of other jurisdictions.
The shares issued and to be issued by the Company (the "Shares")
have not been and will not be registered under the US Securities
Act of 1933, as amended (the "Securities Act"), or with any
securities regulatory authority of any state or other jurisdiction
of the United States. The Shares may not be offered, sold, resold,
pledged, delivered, distributed or otherwise transferred, directly
or indirectly, into or within the United States, or to, or for the
account or benefit of, US persons (as defined in Regulation S under
the Securities Act). No public offering of the Shares is being made
in the United States.
The Company has not been and will not be registered under the US
Investment Company Act of 1940, as amended (the "Investment Company
Act") and, as such, holders of the Shares will not be entitled to
the benefits of the Investment Company Act. No offer, sale, resale,
pledge, delivery, distribution or transfer of the Shares may be
made except under circumstances that will not result in the Company
being required to register as an investment company under the
Investment Company Act. Neither the U.S. Securities and Exchange
Commission (the "SEC") nor any state securities commission has
approved or disapproved of the Shares or passed upon or endorsed
the merits of the offering of the Shares or the adequacy or
accuracy of the Prospectus. Any representation to the contrary is a
criminal offence in the United States. In addition, the Shares are
subject to restrictions on transferability and resale in certain
jurisdictions and may not be transferred or resold except as
permitted under applicable securities laws and regulations.
Investors may be required to bear the financial risks of their
investment in the Shares for an indefinite period of time. Any
failure to comply with these restrictions may constitute a
violation of the securities laws of any such jurisdictions.
No liability whatsoever (whether in negligence or otherwise)
arising directly or indirectly from the use of this document is
accepted and no representation, warranty or undertaking, express or
implied, is or will be made by the Company, or any of their
respective directors, officers, employees, advisers,
representatives or other agents ("Agents") for any information or
any of the opinions contained herein or for any errors, omissions
or misstatements. None of the Agents makes or has been authorised
to make any representation or warranties (express or implied) in
relation to the Company or as to the truth, accuracy or
completeness of this document, or any other written or oral
statement provided. In particular, no representation or warranty is
given as to the achievement or reasonableness of, and no reliance
should be placed on any projections, targets, estimates or
forecasts contained in this document and nothing in this document
is or should be relied on as a promise or representation as to the
future.
Unless otherwise indicated, the information provided herein is
based on matters as they exist as of the date of preparation and
not as of any future date. Recipients of this document are
encouraged to contact the Company's representatives to discuss the
procedures and methodologies used to make the projections and other
information provided herein.
All investments are subject to risk, including the loss of the
principal amount invested. Past performance is no guarantee of
future returns. All investments to be held by the Company involve a
substantial degree of risk, including the risk of total loss. The
value of shares and the income from them is not guaranteed and can
fall as well as rise due to stock market and currency movements.
When you sell your investment you may get back less than you
originally invested. You should always seek expert legal,
financial, tax and other professional advice before making any
investment decision.
Blackstone / GSO Loan Financing Limited is a self-managed Jersey
registered alternative investment fund, and is regulated by the
Jersey Financial Services Commission. The Jersey Financial Services
Commission does not take any responsibility for the financial
soundness of the Company or for the correctness of any statements
made or expressed in this document.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 14, 2017 07:15 ET (11:15 GMT)
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