NB Distressed Debt NB Distressed - NBDX NB Distressed - NBDG - Capital Distribution Update

NB Distressed Debt Investment Fund

24/11/2022 12:48

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RNS Number : 5354H  NB Distressed Debt Invest. Fd. Ltd  24 November 2022

24 November 2022

 

 

NB Distressed Debt Investment Fund Limited

 

Capital Distribution Update

 

 

NB Distressed Debt Investment Fund Limited (the "Company") announces that, in
connection with the capital distribution for the Extended Life ("NBDX") and
Global ("NBDG") Share Classes announced on 2 November 2022, 8 November 2022
and 11 November 2022, the Company compulsorily redeemed on a pro rata basis
20,429,058 NBDX shares at a price of $0.9285 per NBDX share and 10,093,008
NBDG shares at a price of £0.6756 per NBDG share for cancellation.

 

Please note this is a minor amendment to the number of shares redeemed stated
in the announcement on 11 November 2022.

 

Fractions of shares produced by the applicable redemption ratios have not been
redeemed and therefore the number of shares redeemed in respect of each
shareholder has been rounded down to the nearest whole number of shares.

 

Payments of redemption monies are expected to be effected either through CREST
(in the case of shares held in uncertificated form) or by cheque (in the case
of shares held in certificated form) by 2 December 2022. Any certificates
currently in circulation will be superseded by a new certificate which will be
distributed to shareholders by 2 December 2022.

 

 

 Redemption Date:  21 November 2022
 Allotment Date:   22 November 2022
 Payment Date:     2 December 2022

 

 

Following the redemption, the Company has 15,382,770 NBDD, 60,116,016 NBDX and
31,023,609 NBDG Shares in issue. Therefore, the total number of voting rights
in the Company is 106,522,395.

 

The new ISINs, GG00BQWN6441 for the NBDX shares and GG00BQWN6334 for the NBDG
shares, in respect of the remaining shares which have not been redeemed were
enabled and available for transactions on 22 November 2022.

 

 

LEI: YRFO7WKOU3V511VFX790

 

For further information, please contact:

 

 KL Communications                +44 (0) 20 3995 6673

 Charles Gorman                   nbdd@kl-communications.com

 Jefferies International Limited  +44 (0)20 7029 8140

 Neil Winward                     nwinward@jefferies.com

 

 

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