Possible Convertible Unsecured Loan Stock Issue

RNS Number : 5951L

City Natural Res High Yield Tst PLC

03 August 2011

 



Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Japan, New Zealand or the Republic of South Africa or any other jurisdiction in which the same would be unlawful

3 AUGUST 2011

CITY NATURAL RESOURCES HIGH YIELD TRUST PLC

(THE"COMPANY")

POSSIBLE CONVERTIBLE UNSECURED LOAN STOCK ISSUE

The Company and its advisers are currently exploring the possibility of an issue of convertible unsecured loan stock to replace the Company's existing gearing facilities and potentially to extend the core capital of the Company. A further announcement in relation to this matter will be made by the Company in due course.

Enquiries

Chris Whittingslow/

Sue Inglis                                        Canaccord Genuity Limited                          020 7050 6528/

                                                                                                                       020 7050 6779

Adam Cooke                                    CQS Asset Management Limited                 020 7201 5368

Notes

Canaccord Genuity Limited is acting solely for the Company and no one else in connection with the possible issue of convertible unsecured loan stock referred to in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity Limited or for providing advice in relation to any such issue.

This announcement is an advertisement. It is not a prospectus and investors should not subscribe for or purchase any convertible unsecured loan stock that may be issued by the Company in due course except on the basis of information contained in a prospectus published by the Company in respect of any such issue.

 

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