Capital Distribution - Update - Replacement

RNS Number : 3085Y

NB Distressed Debt Invest. Fd. Ltd

20 August 2018

 

NB Distressed Debt Investment Fund Limited (the "Company")

Capital Distribution Update - Replacement

The following amendment has been made to the 'Capital Distribution - Update' announcement released on 20 August 2018 at 07:00.

"NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distributions for the New Global ("NBDG") and the Extended Life ("NBDX") Share Classes announced on 3 August 2018, the Company has compulsorily redeemed on a pro rata basis 8,411,028 NBDG shares at a price of £1.0098 per NBDG share and 2,800,394 NBDX shares at a price of $1.0684 per NBDX share for cancellation." has been amended to "NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distributions for the New Global ("NBDG") and the Extended Life ("NBDX") Share Classes announced on 3 August 2018, the Company has compulsorily redeemed on a pro rata basis 8,411,028 NBDG shares at a price of £1.0098 per NBDG share and 2,800,393 NBDX shares at a price of $1.0684 per NBDX share for cancellation."

All other details remain unchanged.

The full amended text is shown below.

20 August 2018

NB Distressed Debt Investment Fund Limited

Capital Distributions Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distributions for the New Global ("NBDG") and the Extended Life ("NBDX") Share Classes announced on 3 August 2018, the Company has compulsorily redeemed on a pro rata basis 8,411,028 NBDG shares at a price of £1.0098 per NBDG share and 2,800,393 NBDX shares at a price of $1.0684 per NBDX share for cancellation. Fractions of shares produced by the applicable redemption ratios have not been redeemed and so the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 31 August 2018.

Following the redemptions the Company has 82,885,361 NBDG and 155,299,598 NBDX and 23,395,578 Ordinary Shares ("NBDD") in issue. Therefore the total number of voting rights in the Company is 261,580,537.

The new ISIN number GG00BG0QZQ04 for the NBDG shares and GG00BG0QZP96 for the NBDX shares in respect of the remaining shares which have not been redeemed will be enabled and available for transactions after 17 August 2018. 

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

Neustria Partners Nick Henderson Robert Bailhache Charles Gorman	[phone]
Stifel Nicolaus Europe Limited Neil Winward Mark Bloomfield Gaudi Le Roux	[phone]
Winterflood Investment Trusts Joe Winkley Neil Langford	[phone]

 

END

 

 

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