Conversion of Securities

RNS Number : 4619W

NB Global Floating Rate Income Fund

07 November 2014

 



7 November 2014

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 of 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 31 October 2014 (and using spot currency exchange rates as appropriate, in each case as at 31 October 2014), the conversion ratios, calculated in accordance with the Company's articles of incorporation, are as follows:

GBP to USD 1.58809259

USD to GBP 0.62968621

On the basis of the aggregate level of conversion notices received by the Company, applications have been made for the admission of 48,197 US Dollar Shares and 118,079  Sterling 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 has also been made for the cancellation of the listing on the Official List and admission to the Main Market of 30,350 Sterling Shares and 187,522 US Dollar Shares. It is expected that such applications will become effective and that dealings in the Sterling Shares and US Dollar Shares will commence on 12 November 2014. Accordingly, the Company's issued share capital with effect from 12 November 2014 will be as follows:

1,251,280,262    Sterling Shares

44,041,842        U.S. Dollar Shares

U.S. Dollar Shares have 1 vote per share, and Sterling Shares have 1.6 votes per share. Following Conversion (which is expected to take place on 12 November 2014) the total number of voting rights in the Company will be 2,046,090,261. 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 interest 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.

ENDS

BNP Paribas Securities Services S.C.A., Guernsey Branch

Jasper Cross

[phone]

 

END

 

 

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