9 Dec 2005 07:01
F&C Private Equity Trust PLC09 December 2005 9 December 2005 F & C PRIVATE EQUITY TRUST PLC First Conversion of 'C' Shares The first conversion of 'C' shares into 'B' shares is by reference to 31 October2005. The conversion ratio of 0.69286375 was announced on 5 December 2005. Therecord date for the first conversion was the close of business yesterday. TheCompany is now pleased to announce that, with immediate effect, 18,120,198 'C'shares have been converted into 12,554,828 'B' shares. Following the first conversion 51,737,948 'B' shares and 31,638,251 'C' sharesare now in issue. The number of 'A' shares in issue (being 67,084,807) remainsunchanged. Applications have been made to the Financial Services Authority for the12,554,828 'B' shares arising on the first conversion to be admitted to theOfficial List and to the London Stock Exchange for such shares to be admitted toits main market. Such admissions are expected to become effective, and dealingsin the 'B' shares arising on the first conversion are expected to commence onthe London Stock Exchange's main market today. The 'C' shares remaining in issue have been allocated a new ISIN (GB00B0Q36484)and a new SEDOL (B0Q3648). Holders of 'C' shares in uncertificated form will receive their new 'B' sharesin uncertificated form and their accounts in CREST (being the same accounts inwhich they hold their 'C' shares) will be credited today with the numbers of 'B'shares arising on the first conversion and 'C' shares (with the new ISIN) heldin uncertificated form immediately following the first conversion (and the 'C'shares with the former ISIN and SEDOL of GB00B0BV6700 and B0BV670 will becancelled). Holders of 'C' shares in certificated form will receive certificates in respectof the 'B' shares arising on the first conversion and the balance of theirholding of 'C' shares immediately following the first conversion, which will beposted by 16 December 2005. Existing 'C' share certificate(s) will be of nofurther value. Copies of the circular giving holders of 'C' shares notice of the firstconversion dated 9 December 2005 will be submitted to the UK Listing Authoritytoday and will be available for inspection at the UK Listing Authority'sDocument Viewing Facility, which is situated at: Financial Services Authority25 The North ColonnadeCanary WharfLondon E14 5HS Tel: 020 7066 1000 -ends- For more information please contact: Hamish Mair 0131 465 1184 hamish.mair@fandc.com Martin Cassels 0131 465 1095 martin.cassels@fandc.com Alistair Moreton, Arbuthnot Securities Ltd 0207 012 2000 Sue Inglis, Intelli Corporate Finance 0207 653 6300 This information is provided by RNS The company news service from the London Stock Exchange