GCP Asset Backed Income Fund Ltd Conversion of C Shares (5906M)
14 October 2016 - 9:42PM
UK Regulatory
TIDMGABI
RNS Number : 5906M
GCP Asset Backed Income Fund Ltd
14 October 2016
GCP Asset Backed Income Fund Limited (the "Company")
Conversion of C shares
14 October 2016
Further to the Company's announcement on 3 October 2016 and as
described in the prospectus issued on 27 April 2016, the C shares
will be converted into ordinary shares at the following rate:
0.990044 ordinary shares for every C share (the "Conversion
Ratio")
On the basis of the Conversion Ratio, a holder of 1,000 C shares
will receive 990 ordinary shares.
Following conversion of the C shares, the enlarged number of
ordinary shares in issue will be 149,647,349.
The record date for the conversion will be close of business on
17 October 2016.
The C shares will be cancelled with effect from 8.00 am on 18
October 2016 and an application has been made for 43,647,347 new
ordinary shares to be admitted to trading on the Main Market of the
London Stock Exchange from the same time and date.
Share certificates in respect of new ordinary shares are
expected to be despatched in the week commencing 25 October
2016.
For further information, please contact:
Gravis Capital Partners LLP
David Conlon david.conlon@gcpuk.com +44 (0)20
7518 1490
Stephen Ellis stephen.ellis@gcpuk.com
Dion Di Miceli dion.dimiceli@gcpuk.com
Cenkos Securities plc
Tom Scrivens tscrivens@cenkos.com +44 (0)20
7397 1915
Sapna Shah sshah@cenkos.com +44 (0)20 7397
1922
Buchanan
Charles Ryland +44 (0)20 7466 5000
Victoria Hayns
Notes to Editors
The Company
The Company is a closed ended investment
company traded on the Main Market of the
London Stock Exchange. Its investment objective
is to generate attractive risk-adjusted returns
primarily through regular, growing distributions
and modest capital appreciation over the
long term.
The Company seeks to meet its investment
objective by making investments in a diversified
portfolio of UK based asset backed loans
which have contracted, predictable medium
to long term cash flows and/or physical assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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