8th Jul 2021 20:05
Secured Income Fund Plc - UK-based investment company - Will return GBP3.2 million to shareholders via a third return of capital through the issue of B shares.
B shares of GBP1 each will be paid to all shareholders as a bonus issue pro-rata to their holding of ordinary shares. Payment will be given on the basis of one B share for about every 16.67 ordinary shares held on July 15.
The B Shares will be issued on July 16 and immediately redeemed at GBP1 per B Share.
The redemption of B Shares is equivalent to 6 pence per ordinary share.
After July 16, the total number of issued shares will remain at 52.7 million.
Current stock price: 43.75 pence
Year-to-date change:down 34%
By Aidan Lane; [email protected]
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