Return of Capital by Partial Compulsory Redemption

RNS Number : 8209S

NB Global Monthly Income Fund Ltd

14 March 2023

 

14 March 2023

NB Global Monthly Income Fund Limited ("NBMI")

Return of Capital by a Partial Compulsory Redemption of Shares

The Board announces that in connection with the Compulsory Redemption announced on 27 February 2023, the Company redeemed 43,206,203 shares at a price of 81.00 pence per share for cancellation which was approximately 19.5% of the Company's Sterling Shares in issue, excluding shares held in treasury.

Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.

Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 27 March 2023. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 27 March 2023.

Following the redemption, the Company has 254,561,532 Sterling Shares in issue, of which 76,083,114 are held in treasury and are not eligible to vote.

Therefore, the total number of voting rights in the Company is 178,478,418 and 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 Guidance and Transparency Rules.

The new ISIN, GG00BP0XL116 , in respect of the remaining shares which have not been redeemed (the "New ISIN") is enabled and available for transactions as of 14 March 2023. CREST will automatically transform any open transactions as at the Redemption Date into the New ISIN.

For further information, please contact:

Neuberger Berman Europe Limited (Manager) Elizabeth Papadopoulos	[phone]
Numis Securities Limited (Broker) Hugh Jonathan Matt Goss	[phone]
Sanne Fund Services (Guernsey) Limited (Company Secretary) Matt Falla Gemma Berry	[phone]
KL Communications (PR) Charles Gorman Will Sanderson	[phone]

LEI: 549300P4FSBHZFALLG04

 

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