EGM and Share Issuance Programme

RNS Number : 4011M

European Assets Trust NV

07 May 2015

 



To:      RNS

From:  European Assets Trust NV

Date:   7 May 2015

Extraordinary General Meeting and Share Issuance Programme

Further to the announcement by European Assets Trust NV on 9 April 2015 in relation to its liquidity enhancement programme, the Board continues to see strong demand for the Company's shares.  The Company's shares are premium rated and since 1 January 2013 issuance through the liquidity enhancement agreement has exceeded £102 million.  These shares have been sold at a small premium or a lower average discount than when purchased, have enhanced shareholder value and have contributed to a reduction in the Company's ongoing charges rate.

Currently, 2,096,234 ordinary shares remain available for issue by the Company under its blocklisting facility.

Accordingly, to allow for the regular and ongoing issuance of shares the Board is considering making available up to 9 million new ordinary shares from July 2015.  It is anticipated that a further announcement on this matter will be made shortly. 

In addition an Extraordinary General Meeting of the Company will be held on 1 July 2015 to approve an amendment to the Articles of Association to increase the authorised share capital of the Company from 30 million to 50 million shares.  A circular will be posted to shareholders on or around 15 May 2015.

For further information contact:

Scott McEllen (Company Secretary)                                      Tel [phone]

F&C Investment Business Limited

Wilbert van Twuijver (Managing Director)

FCA Management BV, Rotterdam                                         Tel [phone]

 

END

 

 

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