Publication of Prospectus and Circular

RNS Number : 1029T

Bankers Investment Trust PLC

23 March 2016

 

THE BANKERS INVESTMENT TRUST PLC

HENDERSON INVESTMENT FUNDS LIMITED

23 March 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR INTO OR FROM THE UNITED STATES, OR INTO OR FROM AUSTRALIA, CANADA OR JAPAN

This announcement is an advertisement and not a prospectus.  This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to buy, elect or subscribe for, any shares in The Bankers Investment Trust PLC (the "Company") or securities in any other entity, in any jurisdiction, including any of Australia, Canada, Japan and the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction.  This announcement does not constitute a recommendation regarding any securities. 

Any investment decision must be made exclusively on the basis of the Prospectus (defined below) which has been published today by the Company and any supplement thereto in connection with the admission of Ordinary Shares of the Company to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.   

The Bankers Investment Trust PLC

(the "Company" or "Bankers")

Publication of Prospectus and Circular

Following the Company's announcement on 1 February 2016 regarding Bankers being offered as an as an alternative roll-over option for Henderson Global Trust plc ("HGL") shareholders in the context of HGL being liquidated via a Section 110 liquidation (the "Transaction"), the Company today announces that the prospectus of the Company dated 23 March 2016 (the "Prospectus") relating to the Transaction has today been approved by the Financial Conduct Authority and has been published. The Company has also sent a circular to its Shareholders today in relation to the Transaction (the "Circular").

Copies of the Prospectus and the Circular will be available for inspection during normal business hours on any weekday (public holidays excepted) at the registered office of the Company 201 Bishopsgate, London, EC2M 3AE and by requesting a hard copy through the Corporate Secretary, Henderson Secretarial Services Limited, 201 Bishopsgate, London, EC2M 3AE. Copies will also be available on the Company's website www.bankersinvestmenttrust.com and will shortly be submitted to the National Storage Mechanism which can be accessed at http://www.morningstar.co.uk/uk/NSM.

Bankers shares will be issued at a 1% premium to the prevailing net asset value under the scheme and in all events the transaction will not be net asset value dilutive for Bankers shareholders.

A further announcement will be made in due course regarding HGL shareholders elections for Bankers shares and the prevailing ratio.

The expected timetable is set out below. The below times and/or dates may be subject to change and, in the event of such change, the revised times and/or dates will be notified to Shareholders by an announcement through a Regulatory Information Service. All references to times in this announcement are to London time.

Expected Timetable	2016
Record date for the HGL Scheme	5.00 p.m. on 14 April
HGL Shareholders' class meeting	2.00 p.m. on 15 April
First general meeting of HGL	2.15 p.m. on 15 April
General Meeting of the Company	3.00 p.m. on 15 April
Calculation Date	Close of business on 20 April
Second general meeting of HGL	2.30 p.m. on 22 April
Ratio Date	Close of business on 22 April
Effective Date for the HGL Scheme	25 April
Publication of Bankers FAV per Share and Residual Net Asset Value per HGL Share	7.00 a.m. on 25 April
Admission and dealings in New Ordinary Shares commence	8.00 a.m. on 26 April
CREST accounts credited to HGL Shareholders in respect of New Ordinary Shares in uncertificated form	26 April
Certificates dispatched by post in respect of New Ordinary Shares issued in certificated form in the week commencing	2 May

For further information please contact:

Richard Killingbeck	James de Sausmarez
Chairman	Director and Head of Investment Trusts
The Bankers Investment Trust PLC	Henderson Investment Funds Limited
Telephone: [phone]	Telephone: [phone]
Alex Crooke	William Simmonds
Fund Manager	J.P. Morgan Cazenove
The Bankers Investment Trust PLC	Telephone: [phone]
Telephone: [phone]

 

END

 

 

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