Conversion of Securities - Replacement

RNS Number : 0537V

NB Global Floating Rate Income Fund

08 January 2013

 



08 January 2013

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

Conversion between Share Classes - REPLACEMENT

The following amendment  has  been made to the 'Conversion of Securities' announcement released on 03 January 2013 at 16:00 under RNS No 7869U:

The Company today announces the conversion of a number of U.S. Dollar Shares into Sterling Shares (the "Conversion").

All other details remain unchanged.

The full amended text is shown below.

The Company today announces the conversion of a number of U.S. Dollar Shares into Sterling Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 31 December 2012 (and using spot currency exchange rates as appropriate, in each case as at 31 December 2012), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

USD to GBP 0.61859430

On the basis of the aggregate level of conversion notices received by the Company, applications have been made for the admission of 12,253,541 GBP 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 has also been made for the cancellation of the listing on the Official List and admission to the Main Market of 19,808,690 US Dollar Shares Shares.  It is expected that such applications will become effective and that dealings in the new Sterling Shares and the US Dollar Shares will commence on 09 January 2013.  Accordingly, the Company's issued share capital with effect from 09 January 2013 will be as follows:

409,647,275 Sterling Shares

63,334,640 U.S. Dollar Shares

U.S. Dollar Shares have 1 vote per share, and Sterling Shares have 1.6 votes per share.  Following Conversion (which is expected to take place on 09 January 2013) the total number of voting rights in the Company will be 718,770,280.  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 interest in the Company under the FSA's Disclosure and Transparency Rules.

Unless otherwise defined, capitalised terms shall have the meaning given to them in the prospectus of the Company dated 18 March 2011.

ENDS

BNP Paribas Fund Services (Guernsey) Limited

Sara Bourne

[phone]

 

END

 

 

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