Correction : Statement re Conversion / Redempti...
This announcement has been corrected to reflect a change to the cancellation
date for trading in the Company's 3 1/2% convertible bonds on the London Stock
Exchange. The date has been changed from 18 October 2013 to the correct date of
22 October 2013. All other information remains the same.
Not for release, publication or distribution in or into the United States,
Canada, Australia or Japan
BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC
(a company incorporated under the laws of England and Wales with registered
number 2479975)
("Company")
Conversion Notice /Redemption Notice
Further to the announcement dated 10 September 2013, the Board announces that
it has today issued a notice (the "Notice") to all of the outstanding holders
of the 3.5 per cent unsecured convertible bonds due 2015 ("Bonds") that these
remaining Bonds will be converted into Ordinary Shares on 16 October 2013 (the
"Conversion Date") at the Conversion Price of US$9.83. The closing middle
market price of the Ordinary Shares on Friday 20 September 2013 was £4.79 being
US$7.66 based on an exchange rate of £1 = US$1.60.
Bondholders have a right to require the Company, in lieu of converting the
Bonds into Ordinary Shares, to repay the whole (or such part as they may in
such notice specify) of their Bonds at their nominal amount on the Conversion
Date together with accrued interest up to (but excluding) the Conversion Date
by giving written notice to the Company requiring the same (a "Bondholder
Redemption Notice"). Unless a Bondholder gives a Bondholder Redemption Notice
in accordance with the relevant instructions, all of their Bonds shall be
converted into Ordinary Shares at the Conversion Price. The instructions for
submitting a Bondholder Redemption Notice are set out in the Notice.
Each Bondholder wishing its Bonds to be redeemed must submit a Bondholder
Redemption Notice via a USE instruction for settlement by 3 p.m. (London time)
on 9 October 2013. Bondholder Redemption Notices will be irrevocable.
The Board has also applied for trading to be suspended in the Bonds at 8 am on
16 October 2013 and for the cancellation of the admission of the Bonds on the
official list maintained by the Financial Conduct Authority and to trading on
the London Stock Exchange from 8 am on 22 October 2013.
Enquiries
BlackRock Investment Management (UK) Limited
Simon White 020 7743 3000
Cenkos Securities plc
Will Rogers 0207 397 1920
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