Henderson Intl. Income Trust PLC Replacement C Share Conversion Ratio (9397X)
January 17 2014 - 6:24AM
UK Regulatory
TIDMHINT TIDMHINS TIDMHINC
RNS Number : 9397X
Henderson Intl. Income Trust PLC
17 January 2014
The issuer advises that the following replaces the C Share
Conversion Ratio Announcement released on Friday 17 January at
08:59 a.m. under RNS 9266X.
The C Share Conversion Ratio as previously announced was
incorrect as it was released with the net asset values attributable
to the Ordinary Shares and C Shares in the wrong order. It should
be 115.2022p per share and 97.7488p per share respectively.
All other details remain unchanged. The full amended text
appears below.
HENDERSON INTERNATIONAL INCOME TRUST PLC
HENDERSON GLOBAL INVESTORS
17 January 2014
HENDERSON INTERNATIONAL INCOME TRUST PLC (the "Company")
C Share Conversion Ratio, Admission of Ordinary Shares and Total
Voting Rights
Further to its announcement on 2 January 2014, the Directors of
the Company are pleased to announce the following information in
relation to the Conversion of its C Shares.
Conversion Ratio for C Shares
The net asset values attributable to the Ordinary Shares and the
C Shares as at the Calculation Date, being the close of business on
14 January 2014, were 115.2022p per share and 97.7488p per share
respectively. The NAVs have been calculated including income and
after providing for, in the case of the Ordinary Shares, the first
interim dividend for the 3 months to 30 November 2013, declared on
2 January 2014 and payable to holders of Ordinary Shares on the
register at the close of business on 10 January 2014. For the
avoidance of doubt, no dividend will be paid in respect of the C
Shares.
The Conversion Ratio, as calculated in accordance with the
Company's prospectus dated 23 October 2013 (the "Prospectus"), is
accordingly 0.8485 Ordinary Shares for every one C Share held as at
the close of business on the conversion record date of 21 January
2014. On the basis of the Conversion Ratio, a holder of 1,000 C
Shares will receive 848 Ordinary Shares ("New Shares") upon
Conversion. Entitlements to New Shares will be rounded down to the
nearest whole share. Any fractional entitlements will be aggregated
and sold in the market for the benefit of the Company.
The New Shares arising on Conversion will rank pari passu with,
and will have the same rights as, the Ordinary Shares already in
issue, including all dividends declared in respect of the Ordinary
Shares after the Calculation Date.
Further details of Conversion and the rights attaching to the C
Shares are set out in the Prospectus (terms defined in the
Prospectus have the same meaning in this announcement unless
otherwise defined).
Admission to the Official List and to trading on the London
Stock Exchange
On the basis of the Conversion Ratio, applications will be made
to the UK Listing Authority for 17,818,500 New Shares to be
admitted to the premium segment of the Official List and to the
London Stock Exchange for the New Shares to be admitted to trading
on its Main Market. It is expected that such admissions will become
effective, and that dealings in the New Shares will commence, on 22
January 2014.
The C Shares will be permanently removed from the UKLA's
Official List and from trading on the London Stock Exchange with
effect from the opening of trading on 22 January 2014.
Expected Timetable
The expected timetable for Conversion is as follows:
Record date for Conversion and C Share 5.00 p.m. on 21 January
register closes 2014
Dealings in new Ordinary Shares commence 8.00 a.m. on 22 January
2014
CREST accounts credited with New Shares 22 January 2014
in uncertificated form
Share certificates in respect of New Week commencing 27 January
Shares in certificated form dispatched 2014
Voting Rights and Capital
Effective from 22 January 2014, the Company's share capital will
consist of 68,071,550 Ordinary Shares and 8,300,000 non-voting
subscription shares. Accordingly, the figure of 68,071,550 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 FSA's Disclosure and Transparency Rules.
Enquiries
For further information, please contact:
Ben Lofthouse Sarah Gibbons-Cook James de Sausmarez
Fund Manager Investor Relations and Director, Head of Investment
Henderson International PR Manager, Trusts
Income Trust PLC Henderson Global Investors Henderson Global Investors
Telephone: 020 7818 5187 Telephone: 020 7818 3198 Telephone: 020 7818
3349
This information is provided by RNS
The company news service from the London Stock Exchange
END
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