John Laing Infrastructure Fund publishes timetable of upcoming acquisition by Dalmore and Equitix funds
John Laing Infrastructure Fund (JLIF) has published a current expected timetable of principal events for the implementation of its agreed acquisition by a consortium jointly-led by funds managed by Dalmore Capital and Equitix Investment Management.
JLIF shareholders will vote on the acquisition on 24 September 2018. Presuming their assent, which is recommended by JLIF Directors, the fund envisages the despatch of cheques or settlement through CREST in respect of the pre-close dividend on 27 September. This will also be the last day of dealings in JLIF shares.
The planned effective date of the acquisition is 28 September. JLIF shareholders will receive their respective portions of the cash consideration by 12 October.
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