Middlefield Canadian Income PCC Completes Share Buyback
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Middlefield Canadian Income PCC Engages in Share Repurchase
Middlefield Canadian Income PCC (the "Company")
Including Middlefield Canadian Income – GBP PC (the “Fund”), a cell of the Company
Registered No: 93546
Legal Entity Identifier: 2138007ENW3JEJXC8658
Recently, the Company completed an important financial transaction by repurchasing shares. This step is significant, not only for the Company but also for its shareholders who are keen on understanding the implications of such transactions.
Details of the Share Purchase
On the purchase date, the Company acquired 20,000 redeemable participating preference shares at 108.0 pence each. This careful decision indicates the Company's strategy to manage its capital effectively. Holding these shares in treasury reflects a positive outlook as it fortifies the Fund’s balance sheet.
Understanding Treasury Shares
The preference shares that have been bought back will be held in treasury. This means they are not currently available for public trading, which can positively influence share value by reducing the supply in the market.
Impact on Share Capital
With this recent transaction, the total issued share capital of the Fund now stands at 124,682,250 redeemable participating preference shares. Notably, 18,235,000 shares are now held in treasury. As a result, there are 106,447,250 shares remaining that possess voting rights. Shareholders should note that these figures are essential for any calculations they may undertake regarding their investments.
Significance of Voting Rights
The number of shares that remain eligible for voting is crucial for shareholders. It represents their influence within the Company and factors into their obligations under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Investor Considerations
The adjustments in share capital and voting rights resulting from such transactions can affect shareholders' ability to determine their stakes in the company. Keeping an eye on these changes is vital for investment strategies and decision-making.
Company Contact Information
For additional details or clarity regarding this transaction, stakeholders are encouraged to reach out to the Company’s representatives. The Secretary at JTC Fund Solutions (Jersey) Limited is available to assist—all inquiries can be forwarded to Tel.: 01534 700000.
Furthermore, Dean Orrico, the President of Middlefield International Limited, can also provide insights at Tel.: 01203 7094016. Their expertise can help investors understand more about the implications of these transactions.
Frequently Asked Questions
What shares did Middlefield Canadian Income PCC buy back?
The Company purchased 20,000 redeemable participating preference shares at a price of 108.0 pence each.
What is the total issued share capital after this transaction?
The total issued share capital now stands at 124,682,250 redeemable participating preference shares, with 18,235,000 shares held in treasury.
How does the share repurchase affect voting rights?
The number of shares with voting rights has been adjusted to 106,447,250 after the share repurchase.
Why are treasury shares significant?
Treasury shares are not available for public trading, which can enhance the value of remaining shares by reducing market supply.
Who can I contact for more information?
For inquiries, you can reach out to JTC Fund Solutions or Dean Orrico at Middlefield International Limited.
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