NB Global Floating Rate Income Fund Conversion of Securities (9936Q)
06 December 2016 - 1:15AM
UK Regulatory
TIDMNBLS TIDMNBLU
RNS Number : 9936Q
NB Global Floating Rate Income Fund
05 December 2016
5 December 2016
NB Global Floating Rate Income Fund Limited (the "Company")
Conversion between Share Classes
The Company today announces the conversion of a number of
Sterling Shares into US Dollar Shares (the "Conversion"). On the
basis of the net asset values of the Company's shares as at 30
November 2016 (and also spot currency exchange rate as at 30
November 2016), the conversion ratio, calculated in accordance with
the Company's articles of incorporation, are as follows:
GBP to USD 1.23853305
USD to GBP 0.80740679
On the basis of the aggregate level of conversion notices
received by the Company, applications will be made for the
admission of 6,128 US Dollar Shares to the Official List of the UK
Listing Authority (the "Official List") and the main market for
listed securities of the London Stock Exchange plc (the "Main
Market"). Application will also be made for the cancellation of the
listing on the Official List and the Main Market of 4,948 Sterling
Shares. It is expected that such applications will become effective
and that dealing in the Sterling Shares and US Dollar Shares will
commence on 12 December 2016. Accordingly, the Company's issued
share capital with effect from 12 December 2016 will be as
follows:
1,090,614,330 Sterling Shares (75,000,000 are held in Treasury as at 2 December 2016)
41,242,736 US Dollar Shares (2,972,627 are held in Treasury as at 2 December 2016)
Sterling Shares have 1.6 votes per share and US Dollar Shares
have 1 vote per share. Following Conversion (which is expected to
take place on 12 December 2016) the total number of voting rights
in the Company will be 1,663,253,037. This figure 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 interests in the Company under the FCA's
Disclosure and Transparency Rules.
Unless otherwise defined, capitalised terms shall have the
meaning given to them in the prospectus of the Company dated 30
September 2013.
Note: The issued share capital and total voting rights with
effect from 12 December 2016 may be subject to change due to the
current on-going transactions in own shares of the Company.
ENDS
Carey Group
Claire McSwiggan
+44 (0)1481 737281
This information is provided by RNS
The company news service from the London Stock Exchange
END
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