NB Glbl FRN Fund Ltd Nb Glbl Fltg Rte Inc : Conversion Of Securities
October 05 2016 - 1:00PM
UK Regulatory
TIDMNBLU
5 October 2016
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 (the "Conversion"). On the basis of the net
asset values of the Company's shares as at 30 September 2016 (and also
spot currency exchange rate as at 30 September 2016), the conversion
ratio, calculated in accordance with the Company's articles of
incorporation, are as follows:
GBP to USD 1.28883693
On the basis of the aggregate level of conversion notices received by
the Company, applications will be made for the admission of 32,220 US
Dollar 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 will also be made
for the cancellation of the listing on the Official List and the Main
Market of 25,000 Sterling Shares. It is expected that such applications
will become effective and that dealing in the Sterling Shares and US
Dollar Shares will commence on 12 October 2016. Accordingly, the
Company's issued share capital with effect from 12 October 2016 will be
as follows:
1,097,755,679 Sterling Shares (75,000,000 are held in Treasury as at 4
October 2016)
40,806,425 US Dollar Shares (2,972,627 are held in Treasury as at
4 October 2016)
Sterling Shares have 1.6 votes per share and US Dollar Shares have 1
vote per share. Following Conversion (which is expected to take place on
12 October 2016) the total number of voting rights in the Company will
be 1,674,242,884. 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 interests
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.
Note: The issued share capital and total voting rights with effect from
12 October 2016 may be subject to change due to the current on-going
transactions in own shares of the Company.
ENDS
Carey Group
Claire McSwiggan
+44 (0)1481 737281
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: NB GLOBAL FLOATING RATE INCOME FUND LIMITED (USD) via
Globenewswire
http://www.careygroup.gg/
(END) Dow Jones Newswires
October 05, 2016 13:00 ET (17:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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