London, December 19th, 2014 – In accordance with the terms and conditions of the placing programme established under the NESF’s prospectus dated 10 November 2014, the Fund issued 4,000,000 New Ordinary Shares at a price of 103 pence per Share, resulting in gross proceeds of £4.1 million.
Applications have been made to the FCA for admission of the New Ordinary Shares to the premium segment of the Official List and to trading on the London Stock Exchange’s main market for listed securities. It is expected that Admission will become effective and that unconditional dealings in the New Ordinary Shares will commence at 8.00 a.m. (London time) on 23 December 2014. On Admission, NESF’s issued share capital will comprise 180,600,000 Ordinary Shares, none of which will be held in treasury. Each Ordinary Share carries the right to one vote and, therefore, the total number of voting rights in the Company on Admission will be 180,600,000.
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