5 February 2020
NB Global Floating Rate Income Fund Limited
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 31 January 2020 (and also spot currency exchange rates as appropriate, in each case as at 31 January 2020), the conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:
GBP to USD 1.27996741
On the basis of the aggregate level of conversion notices received by the Company, application will be made for the admission of 47,497 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 37,108 Sterling Shares. It is expected that such application will become effective and that dealing in the US Dollar Shares will commence on 12 February 2020. Accordingly, the Company's issued share capital with effect from 12 February 2020 will be as follows:
487,021,795 Sterling Shares (75,000,000 are held in Treasury as at 5 February 2020)
28,155,743 US Dollar Shares (1,342,627 are held in Treasury as at 5 February 2020)
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 February 2020) the total number of voting rights in the Company will be 686,047,988. 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 February 2020 may be subject to change due to the current on-going transactions in own shares of the Company.
The conversion dates for 2020 are set out below. In accordance with the Prospectus, Shareholders wishing to convert their Shares must give the Company 10 Business Days' notice in advance of the first Business Day of each calendar month.
Conversion Date Dates by which elections for conversion must be received
11 March 2020 17 February 2020
14 April 2020 18 March 2020
13 May 2020 17 April 2020
10 June 2020 15 May 2020
10 July 2020 17 June 2020
12 August 2020 20 July 2020
10 September 2020 17 August 2020
12 October 2020 17 September 2020
11 November 2020 19 October 2020
10 December 2020 17 November 2020
12 January 2021 16 December 2020
Praxis Fund Services Limited
Matt Falla/Gemma Woods
+44 (0) 1481 737 600
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.