Conversion of Securities

RNS Number : 0655X

NB Global Floating Rate Income Fund

07 January 2014

 



07 January 2014

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 US Dollar Shares into Sterling Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 31 December 2013 (and using spot currency exchange rates as appropriate, in each case as at 31 December 2013), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

GBP to USD 1.64234805

USD to GBP 0.60888433

On the basis of the aggregate level of conversion notices received by the Company, applications have been made for the admission of 52,101 US Dollar Shares and 234,201 Sterling 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 31,724 Sterling Shares and 384,640 US Dollar Shares. It is expected that such applications will become effective and that dealings in the new US Dollar Shares and the new Sterling Shares will commence on 10 January 2014. Accordingly, the Company's issued share capital with effect from 10 January 2014 will be as follows:

824,746,682      Sterling Shares

50,947,986        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 10 January 2014) the total number of voting rights in the Company will be 1,370,542,677. 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 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.

ENDS

BNP Paribas Securities Services S.C.A. Guernsey Branch

Sara Bourne

[phone]

 

END

 

 

CONLIFSALFIDIIS