REG - NB Glbl Fltg Rte Inc NB Global Fltg -NBLU - Conversion of Securities

NB Global Monthly Income FundAnnouncement

03/10/2018 14:25

RNS Number : 8786C
NB Global Floating Rate Income Fund
03 October 2018
 


3 October 2018
 
NB Global Floating Rate Income Fund Limited
(the "Company")
 
Conversion between Share Classes
 
The Company today announces the conversion of a number of Sterling Shares into US Dollar Shares and also a number of US Dollar Shares into Sterling Shares (the "Conversion"). On the basis of the net asset values of the Company's shares as at 3 October 2018 (and also spot currency exchange rates as appropriate, in each case as at 3 October 2018), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:
 
USD to GBP 0.78731166
GBP to USD 1.27014504
 
On the basis of the aggregate level of conversion notices received by the Company, applications will be made for the admission of 1,527,384 Sterling Shares and 3,523,374 US Dollar Shares to the Official List of the UK Listing Authority (the "Official List") and the main market for listed securities of the London Stock Exchange plc (the "Main Market"). Application will also be made for the cancellation of the listing on the Official List and the Main Market of 2,773,994 Sterling Shares and 1,940,000 US Dollar Shares. It is expected that such applications will become effective and that dealing in the Sterling Shares and US Dollar Shares will commence on 10 October 2018. Accordingly, the Company's issued share capital with effect from 10 October 2018 will be as follows:
 
876,454,420   Sterling Shares (75,000,000 are held in Treasury as at 3 October 2018)
62,206,373   US Dollar Shares (1,342,627 are held in Treasury as at 3 October 2018)
 
Sterling Shares have 1.6 votes per share and US Dollar Shares have 1 vote per share. Following Conversion (which is expected to take place on 10 October 2018) the total number of voting rights in the Company will be 1,343,190,818. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in the Company under the FCA's Disclosure and Transparency Rules.
 
Unless otherwise defined, capitalised terms shall have the meaning given to them in the prospectus of the Company dated 30 September 2013.
 
Note: The issued share capital and total voting rights with effect from 3 October 2018 may be subject to change due to the current on-going transactions in own shares of the Company.
 
ENDS
 
 
Carey Commercial Limited
Company Secretary 
Sara Bourne
+44 (0) 1481 737 245
 




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