Conversion between Share Classes

RNS Number : 1968H

NB Global Floating Rate Income Fund

05 June 2017

 

5 June 2017

NB Global Floating Rate Income Fund Limited (the "Company")

Conversion between Share Classes

The Company today announces the conversion of a number of Sterling Shares into US Dollar Shares and also a number of US Dollar Shares into Sterling Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 31 May 2017 (and also spot currency exchange rates as appropriate, in each case as at 31 May 2017), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

GBP to USD 1.27285599

USD to GBP 0.78563483

On the basis of the aggregate level of conversion notices received by the Company, applications will be made for the admission of 962 Sterling Shares and 2,490,079 US Dollar Shares to the Official List of the UK Listing Authority (the "Official List") and the main market for listed securities of the London Stock Exchange plc (the "Main Market"). Application will also be made for the cancellation of the listing on the Official List and the Main Market of 1,956,294 Sterling Shares and 1,225 US Dollar Shares.  It is expected that such applications will become effective and that dealing in the Sterling Shares and US Dollar Shares will commence on 12 June 2017. Accordingly, the Company's issued share capital with effect from 12 June 2017 will be as follows:

1,087,069,776   Sterling Shares (75,000,000 are held in Treasury as at 2 June 2017)

45,729,127        US Dollar Shares (1,342,627 are held in Treasury as at 2 June 2017)

Sterling Shares have 1.6 votes per share and US Dollar Shares have 1 vote per share. Following Conversion (which is expected to take place on 12 June 2017) the total number of voting rights in the Company will be 1,663,698,141. This figure 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 interests in the Company under the FCA's Disclosure and Transparency Rules.

Unless otherwise defined, capitalised terms shall have the meaning given to them in the prospectus of the Company dated 30 September 2013.

Note: The issued share capital and total voting rights with effect from 5 June 2017 may be subject to change due to the current on-going transactions in own shares of the Company.

ENDS

Carey Group

Sara Bourne

[phone]

 

END

 

 

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