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LONDON - CQS New City High Yield Fund Limited announced the issuance of 2,500,000 ordinary shares at a price of 50 pence per share from its blocklisting facility. The new shares will be issued for cash on Thursday, expanding the company’s issued share capital to 603,401,858 ordinary shares.
Following the issuance, the investment fund clarified there will be no shares held in treasury, making the total voting rights in the company equal to the number of ordinary shares. This change will take effect from Thursday, May 13, 2025, and will serve as the denominator for shareholders to calculate any necessary notifications of their interest or changes to their interest under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The issue of equity comes as part of the company’s strategy to raise capital. The funds raised from this issue are expected to be used for general corporate purposes, although the company has not specified any particular projects or investments.
Investors and shareholders are advised to use the updated figure of 603,401,858 ordinary shares as the basis for any notifications they may need to make. The company’s announcement is a standard procedure to ensure compliance with market regulations and to provide transparency to its shareholders and the investing public.
The Company Secretary and Administrator for CQS New City High Yield Fund Limited is BNP Paribas (OTC:BNPQY) S.A., Jersey Branch, and the Investment Manager is Manulife | CQS Investment Management. The Broker involved in this transaction is Singer Capital Markets LLP, and TB Cardew acts as the Public Relations Adviser.
This information is based on a press release statement and is intended to inform shareholders and potential investors about the latest developments within the company. It is essential for interested parties to conduct their own due diligence and not rely solely on this announcement when making investment decisions.
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