Amendment of Liquidity enhancement policy

RNS Number : 6603J

European Assets Trust NV

09 April 2015

 



 

 

Press release

European Assets Trust NV

Amendment of liquidity enhancement policy

The Company announces that it has entered into an agreement with F&C Asset Management plc in connection with the amendment of the Company's existing liquidity enhancement policy. Previously only ordinary shares held in treasury by the Company could be used under the policy. Following this amendment, the Company may, in addition, issue over the next twelve months new ordinary shares up to a maximum aggregate number of 2,491,234 (representing 9.99% of the currently issued ordinary share capital admitted to trading on the main market of the London Stock Exchange).

In anticipation of this amendment, the Company's application for the blocklisting of 2,491,234 ordinary shares was approved by the UK Listing Authority and the London Stock Exchange on 2 April 2015.

No prospectus will be required in accordance with Directive 2003/71/EC, as amended, for the admission to trading of any such new ordinary shares on the main market of the London Stock Exchange by virtue of an applicable exemption. The shares will, when issued, rank pari passu with the existing ordinary shares of the Company.

For further information contact:

Scott McEllen (Company Secretary)                          Tel [phone]

F&C Investment Business Limited

Wilbert van Twuijver (Managing Director)

FCA Management BV, Rotterdam                              Tel [phone]

 

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