TIDMCQS TIDMCQSU
RNS Number : 9335I
CQS Diversified Fund Limited
22 June 2011
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR
INDIRECTLY, THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO
U.S. PERSONS OR ANY JURISDICTION IN WHICH SUCH PUBLICATION,
DISTRIBUTION OR RELEASE IS UNLAWFUL.
CQS Diversified Fund Limited
22 June 2011
Results of Placing
Further to the announcement on 21 June 2011, CQS Diversified
Fund Limited (the "Company") is pleased to announce the results of
the placing for cash of new ordinary shares (the "Placing").
In aggregate, 7,961,216 new shares (the "Placing Shares"),
representing 9.99 per cent. of the issued share capital, have been
placed by RBS Hoare Govett Limited with new and existing investors,
raising the equivalent of approximately GBP7.6 million of new
monies (before expenses).
Pursuant to the Placing, the Company will issue:
-- 6,502,060 new Sterling Shares at a price of 102.5p; and
-- 1,459,156 new US$ Shares at a price of US$1.02.
The Placing Price in each case represents a premium to the
estimated NAV as at 17 June 2011. After the costs of the Placing
this is NAV per share accretive for existing Shareholders.
Each class of Placing Shares will be issued credited as fully
paid and will rank pari passu in all respects with the Company's
existing Shares of the same currency class. The Company will apply
for admission of the Placing Shares to the premium listing segment
of the Official List of the Financial Services Authority and to
trading on the London Stock Exchange plc's Main Market for listed
securities (together, "Admission"). Settlement of the Placing
Shares and Admission will take place on 27 June 2011.
The net proceeds of the Placing will be all or substantially all
invested in shares of CQS Diversified Fund (SPC) Limited in
accordance with the Company's investment objective and policy. The
Company anticipates that substantially all of the aggregate net
proceeds of the Placing will be invested by 1 July 2011.
Accordingly, conditional on Admission, the Company's issued
share capital with effect from 27 June 2011 will be as follows:
Sterling Shares: 71,587,746
US Dollar Shares: 16,065,332
All shareholders have equal voting rights based on the number of
shares held. Accordingly, the total number of voting rights in the
Company is 87,653,078 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 FSA's Disclosure
and Transparency Rules.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the placing
launch announcement of the Company dated 21 June 2011.
Enquiries:
Gary Gould / Stuart Klein Tel: +44 (0)20 7678
RBS Hoare Govett Limited 8000
Michael Rummel Tel: +44 (0)20 7201
CQS 6900
Important notices
This announcement has been issued by, and is the sole
responsibility of, the Company.
Members of the public are not eligible to take part in the
Placing and no public offering of securities will be made. This
announcement does not constitute an offer or an invitation to
acquire or dispose of any securities in the Company.
This announcement and the information contained herein does not
constitute an offer to sell or issue or the solicitation of an
offer to buy or acquire Shares in the Company in the United States,
Australia, Canada or Japan or to any U.S. Person as defined in
Regulation S under the United States Securities Act of 1933, as
amended (the "Securities Act") or into any jurisdiction in which
such offer or solicitation is unlawful.
The Placing Shares have not been and will not be registered
under the Securities Act or under the securities laws of any state
or other jurisdiction of the United States and may not be offered,
sold, resold or delivered, directly or indirectly, except in
offshore transactions in accordance with Regulation S to a person
outside the United States and not known by the transferor to be a
U.S. person (as defined in Regulation S) by pre-arrangement or
otherwise. No public offering of the Placing Shares is being made
in the United States. The Placing is being made outside the United
States in offshore transactions to non-U.S. persons in accordance
with Regulation S under the Securities Act. Persons receiving this
document (including custodians, nominees and trustees) must not
forward, distribute, mail or otherwise transmit it in or into the
United States or use the United States mails, directly or
indirectly, in connection with the Placing. The Company has not,
and will not be, registered under the Investment Company Act and
investors will not be entitled to the benefits of the Investment
Company Act.
This announcement has been prepared by the Company and is the
sole responsibility of the Company. No liability whatsoever
(whether in negligence or otherwise) arising directly or indirectly
from the use of this announcement is accepted and no
representation, warranty or undertaking, express or implied, is or
will be made by the Company, RBS Hoare Govett or CQS or any of
their respective affiliates, or any of their or their affiliates'
directors, officers, employees, advisers, representatives or other
agents, and as applicable, any other CQS branded entity (other than
the Company) ("Agents") for any information or any of the opinions
contained herein or for any errors, omissions or misstatements.
Neither the Company, RBS Hoare Govett, CQS nor their respective
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 announcement, 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
announcement and nothing in this announcement is or should be
relied on as a promise or representation as to the future.
RBS Hoare Govett, which is authorised and regulated in the
United Kingdom by the Financial Services Authority, is acting
exclusively for the Company and for no one else in connection with
the Placing and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of RBS
Hoare Govett nor for providing advice to any other person in
relation to the Placing or any other matters referred to in this
announcement.
It should be noted that past performance is not necessarily
indicative of the future performance of the Placing Shares or the
existing shares of the Company. Further, any indication in this
announcement of the price at which securities of the Company have
been bought or sold in the past cannot be relied upon as a guide to
future performance of the securities of the Company. No statement
in this announcement is intended to be a profit forecast or
dividend forecast.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROIBSGDLBUDBGBD
Cqs Div Fnd. $ (LSE:CQSU)
Historical Stock Chart
From Jul 2024 to Jul 2024
Cqs Div Fnd. $ (LSE:CQSU)
Historical Stock Chart
From Jul 2023 to Jul 2024
