Posting of General Meeting Circular

RNS Number : 7014B

F&C Managed Portfolio Trust PLC

08 January 2015

 



To:       RNS

From:  F&C Managed Portfolio Trust plc    

Date:   8 January 2015

F&C Managed Portfolio Trust plc

Posting of a Circular convening a General Meeting

In order to meet the continuing demand for shares in F&C Managed Portfolio Trust plc (the "Company"), the Board of directors of the Company is seeking an early renewal of its authority to issue further income shares and growth shares for cash on a non pre-emptive basis.  Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 9.30 a.m. on 2 February 2015 at 80 George Street, Edinburgh EH2 3BU.

At the General Meeting resolutions will be put to shareholders to give the Board authority to allot up to 50 million new income shares and 50 million new growth shares which represents 176 per cent. of the Company's total income share capital and 190 per cent. of the Company's total growth share capital, respectively, in issue (excluding treasury shares) and to disapply the rights of pre-emption in relation to the allotment of these shares.

The Board will only issue new shares at a premium to net asset value, to meet demand from investors and when the Board believes it is in the best interests of the Company to do so.  The Company intends to issue a prospectus shortly as required under the Prospectus Rules in connection with the issue of further new shares.

A copy of the circular has been submitted to the Financial Conduct Authority and will be available for inspection at the National Storage Mechanism which is located at http://www.morningstar.co.uk/uk/nsm.do.

All enquiries:

Peter Hewitt, F&C Investment Business Limited       0131 718 1244

Ian Ridge, F&C Investment Business Limited            0131 718 1010

 

END

 

 

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