Conversion of Shares
Summary by AI BETAClose X
To: RNS
From: CT Global Managed Portfolio Trust PLC
Date: 5 November 2025
LEI: 213800ZA6TW45NM9YY31
Conversion of shares
Shareholders of CT Global Managed Portfolio Trust PLC (the "Company") have the opportunity to convert their Income shares into Growth shares or their Growth shares into Income shares annually, subject to minimum conversion thresholds.
The Company announces that valid conversion notices were received in respect of the following shares (the "Converting Shares"):
- 85,315 Growth shares; and
- 248,593 Income shares
In accordance with the Company's articles of association, the Converting Shares will be converted into the other share class by reference to the ratio of the relative underlying net asset values of the Growth shares and Income shares as at close of business on 29 October 2025.
The conversion ratios were:
- for every Converting Share which is a Growth share, holders are entitled to 2.464629 Income shares and
- for every Converting Share which is an Income share, holders are entitled to 0.405741 Growth shares.
Accordingly, with effect from 8.00 a.m. on 6 November 2025 the above Converting Shares will be converted into:
- 210,269 Income shares; and
- 100,864 Growth shares
(the "Resulting Shares").
Shareholders' entitlements on conversion are rounded down to the nearest whole number of share. The Resulting Shares will rank pari passu with the existing shares of the relevant class.
The Resulting shares have been allotted conditional only to admission to the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange.
Applications have been made for the Resulting Shares to be admitted to the Official List of the Financial Conduct Authority and to the London Stock Exchange for the Resulting Shares to be admitted to trading on the Main Market. It is expected that Admission will occur and dealings will commence in such shares at 8.00 a.m. on 6 November 2025.
It is anticipated that certificates in respect of the Resulting Shares will be posted by 12 November 2025 and CREST accounts credited on 6 November 2025.
Total voting rights
Following the conversion, the Company's issued share capital consists of 54,502,194 Income shares and 38,756,710 Growth shares, of which 100,000 Income shares and 5,888,000 Growth shares are held in treasury.
Therefore the total number of shares with voting rights in the Company is 54,402,194 Income shares and 32,868,710 Growth shares. These figures 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 Guidance and Transparency Rules.
For further information please contact:
Ian Ridge, Columbia Threadneedle Investment Business Limited 0131 573 8316
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