Conversion of Shares

CT Global Managed Portfolio - CMPI

01 November 2023

 

To:                   RNS

From:              CT Global Managed Portfolio Trust PLC

Date:               1 November 2023

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"):

-     130,734 Growth shares; and

-     232,005 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 25 October 2023.

The conversion ratios were:

-     for every Converting Share which is a Growth share, holders are entitled to 2.101622 Income shares and

-     for every Converting Share which is an Income share, holders are entitled to 0.475823 Growth shares.

Accordingly, with effect from 8.00 a.m. on 2 November 2023 the above Converting Shares will be converted into:

-     274,753 Income shares; and

-     110,393 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 premium segment of 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 premium segment of 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 2 November 2023.

It is anticipated that certificates in respect of the Resulting Shares will be posted by 8 November 2023 and CREST accounts credited on 2 November 2023.

Total voting rights

Following the conversion, the Company's issued share capital consists of 51,023,251 Income shares and 38,827,608 Growth shares, of which nil Income shares and 1,650,000 Growth shares are held in treasury.

Therefore the total number of shares with voting rights in the Company is 51,023,251 Income shares and 37,177,608 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 £0.060600579 per Income share and £0.060600579 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