RM Infrastructure Income PLC Shareholder Update (6269H)
31 Julho 2023 - 3:00AM
UK Regulatory
TIDMRMII TIDMTTM
RNS Number : 6269H
RM Infrastructure Income PLC
31 July 2023
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO ANY MEMBER STATE OF THE EUROPEAN
ECONOMIC AREA, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME
COULD BE UNLAWFUL.
RM Infrastructure Income PLC
(the "Company" or "RMII")
LEI: 213800RBRIYICC2QC958
Shareholder Update
Following the Company's shareholder consultation announced on 23
May 2023, certain shareholders requested a further update on
progress by the end of July. To that end, the Company announces
that it continues to actively progress discussions regarding a
potential combination of its assets with another suitable
investment company or fund.
Since the Company's last update on 10 July 2023, the Board
received an additional proposal under s110 of the Insolvency Act
1986 which is under consideration alongside one other proposal
highlighted in the 10 July 2023 announcement, however at this time
there remains no certainty that either of the approaches received
will develop into a recommendable transaction. For the avoidance of
doubt, neither approach anticipates any offer for the Company,
recommended or otherwise, under the City Code on Takeovers and
Mergers.
The Company will provide a further update when appropriate. In
the meantime, the Company confirms that it will not make any new
investments, save where it is required to preserve the value of an
existing investment or where further capital is being drawn against
an existing commitment or facility, with cash received from
maturing loans used to continue to reduce the Company's leverage
and buy back shares as appropriate.
For further information, please contact:
RM Infrastructure Income RMInfraCoSecmailbox@apexfs.group
plc
Norman Crighton
Singer Capital Markets
James Maxwell
Asha Chotai 020 7496 3000
Peel Hunt LLP
Luke Simpson
Liz Yong 020 7418 8900
About RM Infrastructure Income PLC
The Company aims to generate attractive and regular dividends
and positive social impact by lending to assets at the forefront of
providing essential services to society.
Its diversified portfolio of loans sourced or originated by the
Investment Manager with a degree of inflation protection through
index-linked returns where appropriate. Loans in which the Company
invests are predominantly secured against assets such as real
estate or plant and machinery and/or income streams such as account
receivables.
About RM Funds
RM Funds is an alternative asset manager. Founded in 2010, with
offices in Edinburgh, and London, the firm manages capital on
behalf of institutional investors, multi-asset allocators, wealth
managers and retail investors. RM Funds focuses on real asset
investing across liquid alternatives and private markets.
RM Funds is a delivery partner to the British Business Bank in
connection with the Coronavirus Business Interruption Loan Scheme.
RM Funds is a trading name of RM Capital Markets Limited.
RM Funds is a signatory to the Principles of Responsible
Investment.
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END
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July 31, 2023 02:00 ET (06:00 GMT)
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