BlackRock Frontiers Investment Trust
plc
Investment of C Share Proceeds
BlackRock Frontiers Investment Trust plc (the “Company”) has
been informed by the Manager that as at close of business on
3 March 2016, over 85 per cent. of
the Net Proceeds of the recent issue of C Shares have been invested
in a portfolio of securities consistent with the Company's
investment policy.
The rights attaching to the C Shares provide that the Company
has 10 Business Days following the date on which it is informed
that at least 85 per cent. of the Net Proceeds have been invested
in which to determine the Net Asset Values of the C Shares and
Ordinary Shares, on which basis the Conversion Ratio will be
calculated, the date of such determination being the "Calculation
Date".
In the absence of unforeseen circumstances the Company expects
the Calculation Date to fall on 7 March
2016 and the Record Date for the transaction to fall on
9 March 2016. The last
day for trading in the C Shares on the London Stock Exchange for
normal settlement (in order to enable settlement prior to
Conversion) will be 7 March 2016. It
is expected that the listing of the C Shares will be suspended at
7.30 a.m. on 15 March 2016.
The Company intends to make a further announcement in due course
setting out the Conversion Ratio applying to the Conversion of C
Shares into Ordinary Shares and the expected date when such
conversion will occur.
Unless otherwise defined, capitalised terms in this announcement
shall have the meaning given to them in the Company’s prospectus
dated 5 February 2016.
4 March 2016
Enquiries:
Simon White, BlackRock Investment
Management (UK) Limited: 020 7743 5284
Neil Morgan, Winterflood
Investment Trusts: 020 3100 0292
Press Enquires:
Lucy Horne, Lansons
Communications Tel: 020 7294 3689
Email:lucyh@lansons.com