Phaunos Timber Fund : Transaction in Own Shares

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Phaunos Timber Fund Limited ­ PTF Released 16:00 06­Jan­2016

RNS Number : 0581L

Phaunos Timber Fund Limited 06 January 2016

Phaunos Timber Fund Limited

Transaction in own shares

Transaction in Own Shares

Phaunos Timber Fund Limited (the "Company") announces that on 6 January 2016 the Company purchased 200,000 ordinary shares of 1cent each, to be held in treasury, at a price of 35 cents per share.

Following this purchase the Company's issued share capital consists of 565,699,832 Ordinary Shares with voting rights and in addition 5,515,045 Ordinary Shares held in Treasury.

Accordingly, 565,699,832 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.

Enquiries

Stafford Capital Partners (Manager) Michael Goodfellow [phone] [e-mail]

Winterflood Investment Trusts (Corporate Broker) Joe Winkley [phone]

Phaunos Timber Fund Limited (Chairman) Sir Henry Studholme [e-mail]

Notes to Editors

The Company is a Guernsey­domiciled authorised closed­ended investment scheme authorized by the Guernsey Financial Services Commission under section 8 of The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) and the Authorised Closed­ended 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, a specialist international timberland manager with timberland assets under advice and management of US$2.0 billion, was appointed as Manager on 1 July 2014. (www.staffordcp.com)

The Company is currently fully invested in international timberland and timber­ related investments.

The Company's ticker is PTF. Website www.phaunostimber.com

This information is provided by RNS

The company news service from the London Stock Exchange

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Transaction in Own Shares ‐ RNS