Issue of Equity

RNS Number : 8892X

European Assets Trust NV

17 January 2014

 



European Assets Trust NV

To:                   Company Announcements

From:              European Assets Trust NV

Date:               17 January 2014 

ISSUE OF EQUITY

On 16 January 2014, European Assets Trust NV sold 35,000 of its Ordinary Shares held in treasury at a price of £9.825 per share. This equates to a price equal to the estimated net asset value at the time of transaction.

Since 1 January 2013 the Company has sold 3,655,000 of its Ordinary Shares held in treasury through its liquidity enhancement policy raising £32.4 million. The Company believes that the sale of these treasury shares has improved shareholder value. The sale of these treasury shares occurred at a lower average discount to their purchase discount, it has improved stock liquidity and the Company's expense ratio (Ongoing Charges Figure).

The Company's issued ordinary share capital consists of 24,937,280, of which 186,000 are held in treasury since commencement of its liquidity enhancement policy with 6,317,278 held in treasury prior to this.

Due to continued demand the Company is now making these 6,317,278 Ordinary Shares available for resale pursuant to the liquidity enhancement policy.

The total number of shares with voting rights in European Assets Trust NV is 18,434,002.

The above figure (18,434,002) 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, European Assets Trust NV under the FCA's Disclosure and Transparency Rules.

Scott McEllen

For F&C Investment Business Limited

Managers

Enquiries:  0131 718 1000

 

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