Phaunos Timber Fund Limited
("Phaunos" or the "Company")
October 7, 2016
Transaction in own shares
Phaunos Timber Fund Limited announces that on 6 October 2016 the Company purchased 5,000,000 ordinary shares at no par value, to be held in treasury, at a price of 41 cents per share.
Following this purchase the Company's issued share capital consists of 548,554,832 Ordinary Shares with voting rights and in addition 22,660,045 Ordinary Shares held in Treasury.
Accordingly, 548,554,832 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure and Transparency Rules.
Stafford Capital Partners Limited (Manager)
Michael Goodfellow, +44 (0)20 7535 4915
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley, +44 (0)20 3100 0301
Phaunos Timber Fund Limited (Chairman)
Sir Henry Studholme
Notes to Editors
The Company is a Guernsey-domiciled authorised closed-ended investment scheme authorised by the Guernsey Financial Services Commission under section 8 of The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and the Authorised Closed-ended Investment Schemes Rules 2008 made thereunder.
Its ordinary shares are listed on the Main Market of the London Stock Exchange. Its investment objective is to provide shareholders with attractive long term total returns, expected to be in the form of capital appreciation but with some income, through a diversified portfolio of timberland and timber-related investments.
Stafford Capital Partners Limited was founded in 2000 and has specialist investment teams in agriculture, infrastructure, private equity, sustainable capital, timber and venture capital. As at 30 June 2016 Stafford has over US$4.4bn under management and advice with US$2.0bn in timberland investments. Stafford was appointed as Manager on 1 July 2014. (www.staffordcp.com)
The Company's ticker is PTF.
This information is provided by RNS