Share Conversion Facility

RNS Number : 5434P

F&C Managed Portfolio Trust PLC

04 October 2011

 



To:                  RNS

From:              F&C Managed Portfolio Trust plc

Date:               4 October 2011

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 next conversion date was scheduled to be 28 October 2011.

Following the passing of the deadline for shareholders to submit conversion instructions on 30 September 2011, the Board announces that the total value of assets requested to be transferred, at £41,000, is significantly less than the specified minimum of £250,000 as set out in the 2011 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 2011.

Shareholders who have submitted conversion instructions will now be notified.

The next scheduled share conversion will be in October 2012.

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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