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Acencia Debt Strat - Share Buyback Program-Narrowing of Discount Target

RNS Number : 1875K
AcenciA Debt Strategies Limited
20 June 2014
 

AcenciA Debt Strategies Ltd

("the Company")

 

Registered Office: Sarnia House, Le Truchot, St Peter Port, Guernsey

Registered Number: 43787

 

 

20 June 2014

 

Enhanced Share Buy-back Programme:  Narrowing of Discount Target

 

On 3 July 2013 the board announced a Discount Target of 10% below net asset value.  This target was reduced to 7.5% in January 2014.

 

The board today announces that the Discount Target is reduced from 7.5% to 2.5%.  The board will keep this target under review and reserves the right to amend it upwards or downwards during the course of the year.

 

To the extent that the shares trade at a discount wider than this Discount Target the board intends to use available liquidity to repurchase and cancel shares, unless it believes that it would not be in shareholders' interest to do so at the time in the light of the prevailing market conditions or any other such factor.

 

 

Enquiries:

 

Saltus Partners LLP

Jon Macintosh

Tel:      +44 (0) 207 499 0200

Fax:     +44 (0) 203 601 0853

 

Company Secretary

Praxis Fund Services Limited

Tel:      +44 (0) 1481 737600

Fax:     +44 (0) 1481 749810

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: AcenciA Debt Strategies

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Market: LSE
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