Conversion of share classes - Replacement

RNS Number : 1704F

NB Global Floating Rate Income Fund

12 June 2012

 



Conversion of Share Classes - Replacement

The following amendment has been made to the 'Conversion of Share Classes' announcement released on 07 June 2012 at 16:19 under RNS No 9355E

The conversion ratio is now quoted as Sterling Shares to US Dollar Shares:

GBP to USD 1.53177464

All other details remain unchanged.

The full amended text is shown below.

7 June 2012

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

GBP to USD 1.53177464

On the basis of the aggregate level of conversion notices received by the Company, applications have been made for the admission of 172,700 U.S. 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 has also been made for the cancellation of the listing on the Official List and admission to the Main Market of 112,746 Sterling Shares.  It is expected that such applications will become effective and that dealings in the U.S. Dollar Shares will commence on 13 June 2012.  Accordingly, the Company's issued share capital with effect from 13 June 2012 will be as follows:

371,867,847 Sterling Shares

121,723,069 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 May 2012) the total number of voting rights in the Company will be 716,711,624. 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.

In accordance with the prospectus the next deadline for receipt of monthly conversion requests will be 18 June 2012.

ENDS

BNP Paribas Fund Services (Guernsey) Limited

Sara Bourne

[phone]

 

END

 

 

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