Share Conversion Facility

RNS Number : 9783Z

F&C Managed Portfolio Trust PLC

30 September 2009

 



To:             RNS

From:        F&C Managed Portfolio Trust plc

Date:        30 September 2009

Share Conversion Facility

Under the articles of association of the Company, shareholders have the right to convert their Income shares into Growth shares and/or their Growth shares into Income shares upon certain dates. The first conversion date was scheduled to be 28 October 2009.

Following the passing of the deadline of 28 September 2009 for shareholders to submit conversion instructions, the Board announces that the total value of assets requested to be transferred, at £17,000,  is significantly less than the specified minimum of £250,000 as set out in the 2009 Annual Report and Accounts. A significant minimum has to be set in order to justify the costs of the exercise. Accordingly the share conversion will not now proceed and no shares will be converted on 28 October 2009.

Shareholders who have submitted conversion instructions will be contacted within seven working days.

The next scheduled share conversion will be in October 2010.

For further information please contact:

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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