Admission to Main Market & Fi

RNS Number : 9293K

Baker Steel Resources Trust Ltd

28 April 2010

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN

BAKER STEEL RESOURCES TRUST LIMITED

(Incorporated in Guernsey with registered number 51576 under the provisions of The Companies (Guernsey) Law, 2008 as amended)

ISSUE AND ADMISSION OF 66,023,089 ORDINARY SHARES AT AN ISSUE PRICE OF 100P PER SHARE AND 13,204,594 SUBSCRIPTION SHARES ON A 1 FOR 5 BASIS PURSUANT TO AN OFFER FOR SUBSCRIPTION AND PLACING AND THE REORGANISATION OF GENUS CAPITAL FUND

Baker Steel Resources Trust Limited ("the Company") announces that 30,468,865 Ordinary Shares and 6,093,772 Subscription Shares, issued pursuant to the Placing and Offer for Subscription, were admitted to the Official List of the Financial Services Authority and to trading on the London Stock Exchange's market for listed securities at 8.00 a.m. this morning.

Together with the 35,554,224 Ordinary Shares and 7,110,822 Subscription Shares issued to the holders of shares in Genus Capital Fund pursuant to a scheme of reorganisation of Genus Capital Fund, the Company has in issue a total of 66,023,089 Ordinary Shares and 13,204,594 Subscription Shares.

Enquiries:

Baker Steel Resources Trust Limited

Trevor Steel                                          [phone]

Winterflood Investment Trusts

Robert Peel/James Moseley                   [phone]/0250

RBC Capital Markets

Martin Eales                                          [phone]

This announcement is not for distribution directly or indirectly in or into the United States, Canada, Australia or Japan.  This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire Ordinary Shares in the capital of Baker Steel Resources Trust Limited in the United States, Canada, Australia or Japan or any jurisdiction in which such an offer or solicitation is unlawful.  The Ordinary Shares in Baker Steel Resources Trust Limited referred to in this announcement have not been and will not be registered under the Securities Act and may not be offered or sold within the United States absent registration or an exemption from registration.  No public offering of securities will be made in the United States, Canada or Australia or Japan.

This announcement has been communicated by Baker Steel Resources Trust Limited (which is a registered closed-ended investment scheme registered pursuant to the POI Law and the Registered Collective Investment Scheme Rules 2008 issued by the GFSC) and does not constitute an offer to sell or a solicitation of an offer to purchase any securities.  The price of shares and the income from them may go down as well as up and investors may not get back the full amount invested on disposal of the shares.  There is no guarantee that the market price of shares in Baker Steel Resources Trust Limited will fully reflect their underlying NAV.

Winterflood Securities Limited ("Winterflood") and Royal Bank of Canada Europe Limited (trading as RBC Capital Markets) are acting exclusively for Baker Steel Resources Trust Limited and no one else in connection with the Placing and Offer for Subscription and will not be responsible to anyone other than Baker Steel Resources Trust Limited for providing the protections afforded to clients of Winterflood and RBC Capital Markets nor for providing any advice in relation to the Placing and Offer for Subscription or any other matters referred to in this press announcement.

 

END

 

 

MSCPGUCPCUPUUMR