Business
Result of placing
Result of placing.
About this update from Sancus Lending Group Limited
[{"type":"text","content":"\n T2 Income Fund Limited\n25 June 2007\n\n\n\nRNS Number:\nT2 Income Fund Limited\n25 June 2007\n\n\nNot for release, publication or distribution in, or into, the United States,\nAustralia, Canada or Japan\n\n\n\n25 June 2007\n\n T2 Income Fund Limited\n\n\n RESULT OF PLACING OF NEW ORDINARY SHARES\n\n\nT2 Income Fund Limited (the 'Company') announces that, further to the\nannouncement on 22 June 2007 (the 'Announcement'), a total of 5 million new\nordinary shares in the Company (the 'Placing Shares') have been placed by\nJPMorgan Cazenove at a price of 101.75 pence per Placing Share, raising gross\nproceeds of approximately £5,087,500 (the 'Placing').\n\nThe Placing Shares will be issued credited as fully paid and will rank pari\npassu with the Company's existing ordinary shares, including the right to\nreceive all dividends and other distributions declared, made or paid on or in\nrespect of such shares after the date of issue of the Placing Shares.\nApplication has been made for admission of such Shares to trading on the AIM\nMarket of the London Stock Exchange plc. Grant Thornton Corporate Finance acts\nas Nominated Adviser to the Company. Dealings in these Placing Shares are\nexpected to commence on 28 June 2007. Following admission of these Placing\nShares there will be 43,000,000 ordinary shares in issue.\n\nJonathan Cohen, chief executive officer of the Investment Manager, and Saul\nRosenthal, president of the Investment Manager and Non-Independent Director of\nthe Company both participated in the placing subscribing for 125,000 Placing\nShares each, taking their existing holdings in the Company to 129,000 ordinary\nshares (0.3% of the total voting rights of the Company) and 125,000 ordinary\nshares (0.3% of the total voting rights of the Company) respectively. Mr Cohen\nand Mr Rosenthal additionally each hold an interest through an option previously\ngranted to the Investment Manager by the Company of 1,194,444 ordinary shares\n(2.5% of the total voting rights of the Company, on the basis of the issued\nshare capital of the Company following exercise of the option).\n\nThe shareholdings of existing substantial shareholders may change following the\nissue of the Placing Shares. The Company will issue a notification at a later\ndate if it becomes aware of any relevant changes in such shareholdings that are\nrequired to b...