Absolute Return Trust Limited Conversion of Securities (0982Q)
01 November 2012 - 10:06PM
UK Regulatory
TIDMABR
RNS Number : 0982Q
Absolute Return Trust Limited
01 November 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)
Completion of 30 September 2012 Share Conversion
1 November 2012
Following the publication of the final month-end net asset
values for 30 September 2012, the following share conversion ratios
have been determined in accordance with the articles of
incorporation of the Company for the purposes of the 30 September
2012 share conversion date:
0.5775 Sterling share per Euro share
The net asset values per share of the Sterling Shares and the
Euro Shares as at 30 September 2012 were:
GBP 1.307100 per share
EUR 0.947500 per share
An FX rate of GBP / EUR of 1.25519 as at 30 September 2012 was
used.
On the basis of aggregate applications received and using the
conversion ratios listed above, the following shares will be
issued:
- 23,109 new Sterling shares of No Par Value
and the following shares will be cancelled:
- 40,016 Euro Shares of No Par Value
all with effect from 7 November 2012.
Application has been made to the Financial Services Authority
("FSA") for 23,109 new Sterling 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 7 November 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:
- 153,219,683 Sterling Shares
- 9,412,088 Euro Shares
The total of these figures (162,631,771) 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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