Conversion of Securities

RNS Number : 6430T

NB Global Floating Rate Income Fund

04 July 2018

 

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

Conversion of Securities - Replacement

The following amendment has been made to the 'Conversion of Securities' announcement released on 4 July 2018 at 15:51 BST.

The conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:

USD to GBP 0.77601008

The full text of the announcement released on 4 July 2018 is shown below.

4 July 2018

NB Global Floating Rate Income Fund Limited

(the "Company")

Conversion between Share Classes

The Company today announces the conversion of 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 29 June 2018 (and also spot currency exchange rates as appropriate, in each case as at 29 June 2018), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

USD to GBP 0.89068208

On the basis of the aggregate level of conversion notices received by the Company, applications will be made for the admission of 55,019 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 will also be made for the cancellation of the listing on the Official List and the Main Market of 70,901 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 11 July 2018. Accordingly, the Company's issued share capital with effect from 11 July 2018 will be as follows:

944,649,415   Sterling Shares (75,000,000 are held in Treasury as at 4 July 2018)

  44,883,721   US Dollar Shares (1,342,627 are held in Treasury as at 4 July 2018)

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 11 July 2018) the total number of voting rights in the Company will be 1,434,980,158. 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 11 July 2018 may be subject to change due to the current on-going transactions in own shares of the Company.

ENDS

Carey Commercial Limited

Company Secretary 

Sara Bourne

[phone]

 

END

 

 

CONLLFLRDIISIIT