Results of the Issue

RNS Number : 6623I

NB Distressed Debt Invest. Fd. Ltd

04 July 2013

 

NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO INVESTORS IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

4 July 2013

NB Distressed Debt Investment Fund Limited

 Result of the Issue

Further to its announcement of earlier today, the Board of NB Distressed Debt Investment Fund Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of $38.4m (approximately $38.0m net of costs) through the issue for cash, subject to listing, of 31,978,973 new ordinary shares in the extended life share class of NB Distressed Debt (the "New Shares"). The issue price per New Share was $1.20.

Application will be made to the London Stock Exchange and the CISX for the Extended Life Shares to be admitted to trading on the Specialist Fund Market of the London Stock Exchange and trading on the Official List of the CISX and Admission is expected on Wednesday 10 July 2013.

The New Shares will rank pari passu with, and will have the same rights as the ordinary shares of the Company's Extended Life Share class.

Following admission, the Company will have 124,160,471 Ordinary Shares in issue, with 352,088,814 shares in the extended life share class.

For further information, please contact:

Neuberger Berman Europe Limited    Damian Holland Anji Stewart	[phone]
Oriel Securities Limited Neil Winward Gaudi Le Roux	[phone]

 

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