Conversion of Securities

RNS Number : 1618P

NB Global Floating Rate Income Fund

05 February 2019

 

5 February 2019

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 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 January 2019 (and also spot currency exchange rates as appropriate, in each case as at 31 January 2019), the conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:

USD to GBP 0.78134158

GBP to USD 1.27984997

On the basis of the aggregate level of conversion notices received by the Company, application will be made for the admission of 166,689 Sterling Shares and 171,283 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 133,831 Sterling Shares and 213,339 US Dollar Shares. It is expected that such application will become effective and that dealing in the Sterling Shares will commence on 12 February 2019. Accordingly, the Company's issued share capital with effect from 12 February 2019 will be as follows:

781,478,589  Sterling Shares (75,000,000 are held in Treasury as at 5 February 2019)

59,036,816    US Dollar Shares (1,342,627 are held in Treasury as at 5 February 2019)

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 February 2019) the total number of voting rights in the Company will be 1,188,059,931. 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 guidance 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 February 2019 may be subject to change due to the current on-going transactions in own shares of the Company.

The conversion dates for 2019 are set out below. In accordance with the Prospectus, Shareholders wishing to convert their Shares must give the Company 10 Business Days' notice in advance of the first Business Day of each calendar month.

Conversion Date	Dates by which elections for conversion must be received
12 March 2019	15 February 2019
10 April 2019	18 March 2019
14 May 2019	15 April 2019
12 June 2019	17 May 2019
10 July 2019	17 June 2019
12 August 2019	18 July 2019
11 September 2019	16 August 2019
10 October 2019	17 September 2019
12 November 2019	18 October 2019
11 December 2019	18 November 2019
13 January 2020	16 December 2019

ENDS

Carey

Company Secretary 

Sara Bourne

[phone]

 

END

 

 

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