Balanced Commercial Property Trust Regulatory News (BCPT)

14 Mar 2008 15:08

F&C Commercial Property Trust Ltd14 March 2008 RIS ANNOUNCEMENT F&C COMMERCIAL PROPERTY TRUST LIMITED CANCELLATION OF SHARE PREMIUM ACCOUNT For immediate release, 14 March 2008 Further to the circular published by F&C Commercial Property Trust Limited (the"Company") on 4 February 2008 and the resolutions passed by shareholders on 22February 2008, on 14 March 2008 the Royal Court of Guernsey confirmed (i) thereduction of the nominal value of the shares of the Company from 90p to 1p and(ii) the reduction of capital by way of a cancellation of the share premiumaccount of the Company. As a result, an aggregate amount of approximately £694million has been credited as a distributable reserve established in theCompany's books of account and shall be available to be applied in any manner inwhich the Company's reserves available for distribution (as determined inaccordance with the laws of Guernsey) are able to be applied, including thepurchase of the Company's own shares and the payment of dividends. All Enquiries: Richard Kirby, Gordon Hay Smith, F&C Investment Business LimitedTel. 020 7628 8000 Graeme Caton, Graham Reaves, Nigel Russell, G&N Collective Funds ServicesLimitedTel. 0131 226 4411 The Company SecretaryNorthern Trust International Fund Administration Services (Guernsey) LimitedTrafalgar CourtLes BanquesSt Peter PortGuernseyGY1 3QL Tel. 01481 745338Fax. 01481 745085 This information is provided by RNS The company news service from the London Stock Exchange