LONDON - CQS New City High Yield Fund Limited ("the Company") has announced the issuance of 500,000 ordinary shares at a price of 51.90 pence per share. The transaction is set to take place on Monday, with the shares being issued for cash from its blocklisting facility. Following the issuance, the Company's total issued share capital will reach 580,401,858 ordinary shares, with no shares held in treasury.
This expansion of share capital means the total number of voting rights in the Company will also be 580,401,858. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The Company has engaged various financial and public relations services to manage the process. Manulife | CQS Investment Management, through Craig Cleland, can be contacted for investment management inquiries. Company Secretary and Administrator services are provided by BNP Paribas (OTC:BNPQY) S.A., Jersey Branch, with Jeremy Hamon available for contact. For corporate finance and sales inquiries, Singer Capital Markets LLP can be reached, with James Maxwell, James Moat, and Alan Geeves as points of contact. Public relations advice is being handled by TB Cardew, with Tania Wild available for inquiries.
This initiative is part of the Company's ongoing efforts to manage its capital structure and provide liquidity to the market. The information, based on a press release statement, is disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the UK.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.