The Forest Co Announcement in relation to the further issue of sharesAug 22, 2016 17:00
St Peter Port, Guernsey, 22 August 2016
Further Issue
St Peter Port, Guernsey, 22 August 2016 - The Forest Company Limited (the "Company"), a closed-ended investment company, incorporated and registered in Guernsey, issues this notice in compliance with the requirements of the Channel Islands Securities Exchange Authority Limited (the "Exchange").
The Company is proposing to enter into subscription agreements with certain existing shareholders pursuant to a private subscription for Ordinary Shares, under the terms of which such shareholders will commit to subscribe for, in aggregate, up to 3,500,000 further Ordinary Shares of USD 0.10 nominal value in the Company at an issue price equal to the latest Adjusted Net Asset Value per Share.
It is anticipated that such additional Ordinary Shares will be allotted and issued, conditionally upon admission, on or before 30 September 2016. Applications in the Subscription must be undertaken by the completion and return of a duly executed form of subscription agreement.
Accordingly, an application has been made by the Company for the anticipated issue to the Exchange and the Company's Listing Document can be inspected by request at the registered office of the Company at the address shown below during normal business hours excluding Saturdays and Sundays for the period to 30 September 2016.
Further announcements will be made once the ordinary Shares are allotted and issued.
The Listing is sponsored by Heritage Corporate Services Limited.
Heritage Hall
Le Marchant Street
St Peter Port
Guernsey
GY1 4HY
About The Forest Company:
The Forest Company combines socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through participation in the value chain of competitive and sustainable industries.
The Forest Company Limited is a closed-ended investment company, incorporated and registered in Guernsey in 2007, to take advantage of investment opportunities in trees, timberland and timber related assets. The Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. To date The Forest Company has raised USD 371 million in equity capital through private placements to institutional investors and family offices. Total dividends paid since inception amount to USD 46.2 million. Thus far, the Company has committed capital to five projects, which include both greenfield and standing plantations located in Brazil and Colombia.
The Company aims to build a diversified timberland portfolio in terms of age, class and species that is intended to maximise the risk/return profile. The Company believes that this approach will generate both long-term capital appreciation for shareholders and an attractive income yield. For more information, visit www.theforestcompany.se.
Timber Capital Limited is the investment manager to The Forest Company.
For additional information, please contact:
ir@theforestcompany.se, The Forest Company, +55 11 3087 1015
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This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia), Canada, Australia or Japan. This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act").
Securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.
This document is an advertisement and does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any decision in respect of The Forest Company Limited or other evaluation of any securities of The Forest Company Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities. Neither the issue of this document nor any part of its contents constitutes an offer to sell or invitation to purchase any securities of The Forest Company Limited or any other entity or any persons holding securities of The Forest Company Limited.
The Forest Co Announcement in relation to the further issue of shares