Henderson Intl. Income Trust PLC C Share Conversion Ratio (0846O)
16 August 2017 - 1:43AM
UK Regulatory
TIDMHINT
RNS Number : 0846O
Henderson Intl. Income Trust PLC
15 August 2017
HENDERSON INTERNATIONAL INCOME TRUST PLC
HENDERSON INVESTMENT FUNDS LIMITED
LEGAL ENTITY IDENTIFIER: 2138006N35XWGK2YUK38
15 August 2017
HENDERSON INTERNATIONAL INCOME TRUST PLC (the "Company")
C Share Conversion Ratio, Admission of Ordinary Shares and Total
Voting Rights
Further to its announcement on 18 July 2017, the Directors of
the Company are pleased to announce the following information in
relation to the Conversion of its C Shares.
Conversion Ratio for C Shares
The net asset values attributable to the Ordinary Shares and the
C Shares as at the Calculation Date, being the close of business on
11 August 2017, were 1.5934p per share and 1.0194p per share
respectively. The NAVs on the Ordinary shares have been calculated
including income and after providing for the third interim dividend
payable on 31 August 2017, declared on 18 July 2017 and payable to
holders of Ordinary Shares on the register at the close of business
on 28 July 2017. The NAVs on the C Shares have been calculated
including income and after providing for a dividend, declared on 18
July 2017 and payable on 31 August 2017 to holders of C Shares on
the register at the close of business on 11 August 2017.
For the avoidance of doubt, the C shareholders are not entitled
to receive the third interim dividend payable to the Ordinary
shareholders.
The Conversion Ratio, as calculated in accordance with the
Company's prospectus dated 5 April 2017 (the "Prospectus"), is
accordingly 0.6398 Ordinary Shares for every one C Share held as at
the close of business on the conversion record date of 18 August
2017. On the basis of the Conversion Ratio, a holder of 1,000 C
Shares will receive 639 Ordinary Shares ("New Shares") upon
Conversion. Entitlements to New Shares will be rounded down to the
nearest whole share. Any fractional entitlements will be aggregated
and sold in the market for the benefit of the Company.
The New Shares arising on Conversion will rank pari passu with,
and will have the same rights as, the Ordinary Shares already in
issue, including all dividends declared in respect of the Ordinary
Shares after the Calculation Date.
Further details of Conversion and the rights attaching to the C
Shares are set out in the Prospectus (terms defined in the
Prospectus have the same meaning in this announcement unless
otherwise defined).
Admission to the Official List and to trading on the London
Stock Exchange
On the basis of the Conversion Ratio, applications will be made
to the UK Listing Authority for 13,755,700 New Shares to be
admitted to the premium segment of the Official List and to the
London Stock Exchange for the New Shares to be admitted to trading
on its Main Market. It is expected that such admissions will become
effective, and that dealings in the New Shares will commence, on 21
August 2017.
The C Shares will be permanently removed from the UKLA's
Official List and from trading on the London Stock Exchange with
effect from the opening of trading on 21 August 2017.
Expected Timetable
The expected timetable for Conversion is as follows:
Record date for Conversion and 6.00 p.m. on 18
C Share register closes August 2017
Dealings in New Shares commence 8.00 a.m. on 21
August 2017
CREST accounts credited with 21 August 2017
New Shares in uncertificated
form
Share certificates in respect Week commencing
of New Shares in certificated 29 August 2017
form dispatched
Voting Rights and Capital
Effective from 21 August 2017, the Company's share capital will
consist of 174,206,306 Ordinary Shares. Accordingly, the figure of
174,206,306 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
For further information, please contact:
Ben Lofthouse Sarah Gibbons-Cook James de Sausmarez
Fund Manager Investor Relations Director & Head
Henderson International & of Investment
Income Trust plc PR Manager, Trusts
Telephone: 020 7818 Janus Henderson Janus Henderson
5187 Investors Investors
Telephone: 020 Telephone: 020
7818 3198 7818 3349
This information is provided by RNS
The company news service from the London Stock Exchange
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