LONDON - CQS New City High Yield Fund Limited, an investment company, has announced the issuance of 2 million ordinary shares at a price of 51.45 pence per share. The new shares will be issued for cash on Wednesday, leveraging the company's blocklisting facility. As a result of this issuance, the total number of voting rights in the company will stand at 577,401,858, as there are no shares held in treasury.
The transaction will take place on Wednesday, when the company's issued share capital will increase to 577,401,858 ordinary shares. This figure will serve as the denominator for shareholders when determining if they need to disclose changes in their stake in the company, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Shareholders and investors may use the provided figure to assess whether they are obliged to notify their interest or a change in their interest in the firm. The company has engaged various financial services firms for investment management, company secretarial, brokerage, and public relations services.
This move comes as part of the company's efforts to manage its capital structure and provide additional liquidity to the market. The London Stock Exchange (LON:LSEG)'s news service, RNS, has confirmed the details of this equity issue, which is regulated by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). The information is based on a press release statement.
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