Conversion of Securities (8948C)
08 May 2012 - 10:45PM
UK Regulatory
TIDMABR
RNS Number : 8948C
Absolute Return Trust Limited
08 May 2012
Absolute Return Trust Limited (the "Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
42733)
8 May 2012
Completion of 31 March 2012 Share Conversion
Following the publication of the final month-end net asset
values for 31 March 2012, the following share conversion ratios
have been determined in accordance with the articles of
incorporation of the Company for the purposes of the 31 March 2012
share conversion date:
1.646928 Euro shares per Sterling share
The net asset values per share of the Sterling Shares and the
Euro Shares as at 31 March 2012 were:
GBP 1.3237 per share
EUR 0.9643 per share
An FX rate of Euro/GBP of 1.19978 as at 31 March 2012 was
used.
On the basis of aggregate applications received and using the
conversion ratios listed above, the following shares will be
issued:
- 39,159 new Euro shares of No Par Value and
and the following shares will be cancelled:
- 23,777 Sterling Shares of No Par Value
all with effect from 10 May 2012.
Application has been made to the Financial Services Authority
("FSA") for 39,159 new Euro shares to be admitted to the Official
List of the UK Listing Authority and admitted to trading on the
London Stock Exchange's main market for listed securities.
Admission is expected to occur on 10 May 2012 and shareholder
CREST accounts for converting shareholders are expected be updated
at 8am on that date.
Following issue and cancellation of the relevant shares, the
total number of shares in issue and voting rights in each class
will be as follows:
- 153,300,124 Sterling Shares
- 9,412,013 Euro Shares
The total of these figures (162,712,137) 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 interest in, the Company under the FSA's
Disclosure and Transparency rules.
Enquiries:
Northern Trust International Fund Administration Services
(Guernsey) Limited
Andrew Maiden (Tel: +44 (0) 1481 745368)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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