Share Conversion Facility

RNS Number : 5607A

F&C Managed Portfolio Trust PLC

29 September 2015

 



To:                  RNS

From:              F&C Managed Portfolio Trust plc

Date:               29 September 2015

Share Conversion Facility

Under the articles of association of the Company, shareholders have the right to convert their Income shares into Growth shares and/or their Growth shares into Income shares once a year.  The next conversion date was scheduled to be 22 October 2015.

Following the passing of the deadline for shareholders to submit conversion instructions on 25 September 2015, the Board announces that the total value of assets requested to be transferred, at £145,290 is significantly less than the specified minimum to be transferred for each Portfolio of £500,000 as set out in the 2015 Annual Report and Accounts. A significant minimum has to be set in order to justify the costs of the exercise. Accordingly the share conversion will not now proceed and no shares will be converted on 22 October 2015.

Shareholders who have submitted conversion instructions will now be notified.

The next scheduled share conversion will be in October 2016.

For further information please contact:

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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