Middlefield Canadian Income PCC Reports Important Shareholder Activity
Middlefield Canadian Income PCC Overview
Middlefield Canadian Income PCC is an investment company, also referred to as MCT, that manages funds creatively to maximize shareholder returns. Among the company’s notable funds is the Middlefield Canadian Income – GBP PC.
Director and Shareholder Information
In observance of market regulations, the company communicates significant changes regarding transactions managed by its directors and individuals closely linked to them. Recently, the firm acknowledged a transaction made by Middlefield Limited, a company associated with one of MCT's directors, Mr. Dean Orrico.
Transaction Details
On May 7, 2025, it was reported that Mr. Orrico has a notable connection to Middlefield Limited, acting as its ultimate beneficial owner. This relationship raises noteworthy considerations regarding financial transparency and compliance with regulations.
Key Transaction Notifications
As stipulated by Article 19.3 of the Market Abuse Regulations, businesses must disclose any relevant transactions efficiently. The recent action involves Middlefield Limited's acquisition of Redeemable Participating Preference Shares. This acquisition strengthens the relationship between management and shareholders of the company.
Details of the Share Transaction
The share transaction reported includes essential data:
- Description of Financial Instrument: Redeemable Participating Preference Shares (ISIN: GB00B15PV034)
- Nature of Transaction: Purchase
- Price: £1.21 per share
- Volume: 50,000 shares purchased
- Total Value: £60,500.00
- Date of Transaction: May 7, 2025
- Place of Transaction: London Stock Exchange (XLON)
Impact on Company Share Capital
The collective holdings of individuals closely connected with Mr. Orrico now total 220,000 Redeemable Participating Preference Shares, which translates to 0.21% of the Fund’s overall issued share capital, excluding any treasury shares. This statistic highlights the considerable interest existing within the board and those associated with the management.
The Role of Middlefield Limited
Middlefield Limited operates as an investment manager for Middlefield Canadian Income PCC, enforcing strategic investment decisions that align with their objectives to generate sustainable returns for shareholders. Their insights and management practices are crucial for guiding the fund's direction.
Company Contact Information
If you have any inquiries regarding this announcement or require further details, you can reach out to:
JTC Fund Solutions (Jersey) Limited
Secretary
Tel: 01534 700 000
Dean Orrico
President
Middlefield International Limited
Tel: 01203 7094016
Frequently Asked Questions
What is Middlefield Canadian Income PCC?
It is an investment company that focuses on maximizing shareholder returns through various funds, including the GBP PC fund.
Who is Dean Orrico?
Mr. Dean Orrico is a director connected with Middlefield Limited and the president of Middlefield International Limited.
What was the recent transaction reported?
Middlefield Limited acquired 50,000 Redeemable Participating Preference Shares at a price of £1.21 per share.
How many shares do people closely associated with Mr. Orrico hold?
They hold a total of 220,000 Redeemable Participating Preference Shares.
What does the future hold for Middlefield Canadian Income PCC?
The company aims to continue its strategy of effective management and growth through informed investment decisions.
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