Capital Distribution Update

RNS Number : 2693N

NB Distressed Debt Invest. Fd. Ltd

19 May 2020

 

19 May 2020

NB Distressed Debt Investment Fund Limited

Capital Distribution Update

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distribution for the Global ("NBDG") and Extended Life ("NBDX") Share Classes announced on 6 May 2020, the Company has compulsorily redeemed on a pro rata basis 11,206,038 NBDG shares at a price of £0.6687 per NBDG share and 9,536,606 NBDX shares at a price of $0.7856 per NBDX share for cancellation.

Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore 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 2 June 2020. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 2 June 2020.

Following the redemption, the Company has 59,921,877 NBDG, 98,214,343 NBDX and 15,382,770 NBDD Shares in issue. Therefore, the total number of voting rights in the Company is 173,518,990.

The new ISINs, GG00BMBL6F29 for the NBDG shares and GG00BMBL6D05 for the NBDX shares, in respect of the remaining shares which have not been redeemed have been enabled and are available for transactions after 18 May 2020. 

LEI: YRFO7WKOU3V511VFX790

For further information, please contact:

KL Communications Charles Gorman	[phone] [e-mail]
Stifel Nicolaus Europe Limited Mark Bloomfield	[phone]

 

END

 

 

MSCKVLFFBELZBBD