Conversion of Shares

CT Global Managed Portfolio Trust

30 October 2024

 

To:                   RNS

From:              CT Global Managed Portfolio Trust PLC

Date:               30 October 2024

LEI:                  213800ZA6TW45NM9YY31

Conversion of shares

Shareholders of CT Global Managed Portfolio Trust PLC (the "Company") have the opportunity to convert their Income shares into Growth shares or their Growth shares into Income shares annually, subject to minimum conversion thresholds.

The Company announces that valid conversion notices were received in respect of the following shares (the "Converting Shares"):

-     167,760 Growth shares; and

-     185,555 Income shares

In accordance with the Company's articles of association, the Converting Shares will be converted into the other share class by reference to the ratio of the relative underlying net asset values of the Growth shares and Income shares as at close of business on 23 October 2024.

The conversion ratios were:

-     for every Converting Share which is a Growth share, holders are entitled to 2.281964 Income shares and

-     for every Converting Share which is an Income share, holders are entitled to 0.438219 Growth shares.

Accordingly, with effect from 8.00 a.m. on 31 October 2024 the above Converting Shares will be converted into:

-     382,822 Income shares; and

-     81,313 Growth shares

(the "Resulting Shares").

Shareholders' entitlements on conversion are rounded down to the nearest whole number of share. The Resulting Shares will rank pari passu with the existing shares of the relevant class.

The Resulting shares have been allotted conditional only to admission to the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange.

Applications have been made for the Resulting Shares to be admitted to the Official List of the Financial Conduct Authority and to the London Stock Exchange for the Resulting Shares to be admitted to trading on the Main Market. It is expected that Admission will occur and dealings will commence in such shares at 8.00 a.m. on 31 October 2024.

It is anticipated that certificates in respect of the Resulting Shares will be posted by 6 November 2024 and CREST accounts credited on 31 October 2024.

Total voting rights

Following the conversion, the Company's issued share capital consists of 52,155,518 Income shares and 38,741,161 Growth shares, of which nil Income shares and 3,780,000 Growth shares are held in treasury.

Therefore the total number of shares with voting rights in the Company is 52,155,518 Income shares and 34,961,161 Growth shares. These figures 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 FCA's Disclosure Guidance and Transparency Rules.

Note:

The nominal value of the shares following the conversion will be £0.046131176 per Income share and £0.046131176 per Growth share.  The change in nominal value is required for legal purposes and does not impact the net asset value of the shares.

For further information please contact:

Ian Ridge, Columbia Threadneedle Investment Business Limited                 0131 573 8316

Peter Hewitt, Columbia Threadneedle Investment Business Limited            0131 573 8360

 

END