LONDON - CQS New City High Yield Fund Limited (LSE:NCYF) announced today the issuance of 1,000,000 ordinary shares at a price of 51.6 pence per share. The new shares will be issued from the company's blocklisting facility and are set to be issued for cash on Monday.
Following the issuance, the total issued share capital of the company will increase to 575,401,858 ordinary shares. It is important to note that no shares are held in treasury, which means the total voting rights in the company will be equal to the number of ordinary shares.
This issuance may be relevant for shareholders who need to determine if they are required to notify their interest or any change to their interest in the company, as per the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has engaged various financial services firms for assistance with the transaction. New City Investment Managers will manage the investment, with Craig Cleland being the point of contact. BNP Paribas (OTC:BNPQY) S.A., Jersey Branch will handle company secretarial and administrative duties, and Singer Capital Markets LLP has been appointed as the broker for the corporate finance and sales aspects of the issuance.
Public relations for the event are managed by TB Cardew, ensuring that the company maintains clear communication with its stakeholders and the public.
The information provided in this article is based on a press release statement. It is intended for shareholders and potential investors to stay informed about the latest corporate actions of CQS New City High Yield Fund Limited.
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