Publication of Prospectus

RNS Number : 1849S

European Assets Trust NV

06 July 2015

 



To:                   RNS

From:              European Assets Trust

Date:               6 July 2015

 

 

Publication of prospectus

European Assets Trust NV has today published a prospectus, approved by the Dutch financial regulator, the Autoriteit Financiele Markten, in respect of the issuance of up to 9 million new shares.

These new shares will only be issued under the terms of the Company's liquidity enhancement arrangements or in a specific placing exercise, which the Company may choose to implement in due course.  At present, the Company does not anticipate entering into a specific placing exercise.  There will be no offer of shares to the public. The issue price for these shares will be at least net asset value and a premium to cover the commissions of issuance.

The Company announces that it has entered into an agreement with F&C Asset Management plc to extend the existing liquidity enhancement agreement to include the issuance of shares under this prospectus.

Since 1 January 2013 issuance through the liquidity enhancement agreement has exceeded £119.4 million.  These shares have been sold at a small premium or a lower average discount than when purchased, have enhanced shareholder value and have contributed to a reduction in the Company's ongoing charges rate.

It is anticipated that an announcement detailing a further blocklisting application will be made shortly.

A copy of the prospectus is available on the Company's website www.europeanassets.eu.

Enquiries:

Scott McEllen,

F&C Investment Business Limited                

Tel:  [phone]

 

END

 

 

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