Revision to announcement

RNS Number : 2536J

Baker Steel Resources Trust Ltd

08 September 2016

 

BAKER STEEL RESOURCES TRUST LIMITED

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

8 September 2016

Acquisition of further Stake in Nussir - Amendment

Baker Steel Resources Trust Limited (the "Company") announced on 7 September that it was increasing its interest in Nussir ASA ("Nussir"). The announcement disclosed that 1,562,822 new ordinary shares were being issued as satisfaction of a consideration of £624,728.80.

The Company wishes to correct the announcement. The consideration is in fact £624,658 and will be satisfied by the issue of 1,561,645 new ordinary shares.

Following the Admission of the new ordinary shares to listing there will be 116,117,980 ordinary shares in issue with a further 700,000 shares held in treasury. The figure of 116,117,980 ordinary shares 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

Applications will be made for 1,561,645 new ordinary shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's Main Market for listed securities. Admission is expected to become effective, and dealings in the New Shares to commence at 8 a.m. on 12 September 2016.

Further details of the Company and its investments are available on the Company's website www.bakersteelresourcestrust.com 

Enquiries:

Baker Steel Resources Trust Limited                  [phone]

Francis Johnstone
Trevor Steel

Numis Securities Limited                                   [phone]

David Benda (corporate)

James Glass (sales)

 

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