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GUERNSEY - Fair Oaks Income Limited announced Tuesday it has issued 950,000 of its 2021 Shares from treasury to satisfy market demand. The shares were issued on Monday at a price of 52.88 cents per share, representing a premium to the current net asset value.
The Guernsey-registered closed-ended collective investment scheme said it may issue additional shares based on market demand at a premium to the prevailing NAV. The company also reaffirmed its commitment to the share buyback program that was announced in September 2022.
Following this transaction, Fair Oaks Income has 405,815,477 2021 Shares in issue, which includes 23,985,626 shares held in treasury. The company also has 33,131,786 Realisation Shares outstanding, bringing the total number of shares to 438,947,263.
Both the 2021 Shares and Realisation Shares carry one vote per share, excluding those held in treasury. As a result, the total number of voting rights in the company is 414,961,637.
The company noted that shareholders may use this figure as the denominator for calculations to determine if they need to notify their interest in the company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The information in this article is based on a press release statement from Fair Oaks Income Limited.
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