Publication of Prospectus

RNS Number : 0755E

F&C Managed Portfolio Trust PLC

30 October 2015

 



To:       RNS

From:  F&C Managed Portfolio Trust plc

Date:   30 October 2015

F&C Managed Portfolio Trust plc

Publication of Prospectus

F&C Managed Portfolio Trust plc (the "Company") has today published a prospectus approved by the UK Listing Authority (the "Prospectus") in relation to future successive issues of up to 50 million new income shares and 50 million new growth shares (the "New Shares").

New shares will be issued under the Prospectus as part of a 12 month issuance programme (the "Issuance Programme") and in relation to the rollover of certain assets held by The Cayenne Trust plc (the "Cayenne Trust") to the Company by way of a scheme of reconstruction and winding up of the Cayenne Trust under section 110 of the Insolvency Act 1986 (the "Cayenne Scheme"). The terms of which were announced by the Cayenne Trust earlier today.

New Shares will be issued under the Issuance Programme only (i) at a premium to net asset value; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company to do so.

The New Shares issued under the Cayenne Scheme will be issued at a premium to net asset value calculated in accordance with the terms of the Cayenne Scheme.

A copy of the prospectus will shortly be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do

Copies of the prospectus are also available in electronic form on the Company's website at www.fcmanagedportfolio.co.uk and are available for collection during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 28 October 2016 from the registered office of the Company at 80 George Street, Edinburgh EH2 3BU.

All enquiries

Peter Hewitt, F&C Investment Business Limited            0131 718 1244

Ian Ridge, F&C Investment Business Limited          0131 718 1010

 

END

 

 

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