31 Jul 2020 11:14
31 July 2020
NB Global Floating Rate Income Fund Limited
(the "Company")
Compulsory Conversion of US Dollar Shares
Following announcement by the Company on 20 July 2020 of the planned final compulsory conversion of US Dollar shares into Sterling shares, the Company today announces the conversion of 25,498,806 US Dollar shares into Sterling shares (the "Final Conversion"). On the basis of the net asset values of the Company's shares as at 29 July 2020 (and also spot currency exchange rate as appropriate, in each case as at 29 July 2020), the conversion ratio, calculated in accordance with the Company's articles of incorporation, is as follows:
USD to GBP 0.80671310
On the basis that as at 29 July 2020, 25,498,806 US Dollar shares are in issue including 1,342,627 US Dollar shares held in treasury, application will be made for the admission of 20,570,174 Sterling shares to the Official List of the Financial Conduct 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 25,498,806 US Dollar shares. It is expected that such application will become effective and that dealing in the Sterling shares will commence on 3 August 2020. Accordingly, the Company's issued share capital with effect from 3 August 2020 will be as follows:
488,058,176 Sterling Shares, with 76,083,114 Sterling shares are held in Treasury as at 3 August 2020
Sterling shares shall continue to have 1.6 votes per share until such time as the necessary amendments are made to the Company's Articles of Incorporation to provide that each Sterling Share will have 1 vote per Sterling Share held. Following the Final Conversion (which is expected to take place on 3 August 2020) the total number of voting rights in the Company will be 659,160,099. 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.
Enquiries:
Neuberger Berman Europe Limited (Manager) Elizabeth Papadopoulos
Praxis Fund Services Limited (Company Secretary) Matt Falla Gemma Woods
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+44 (0) 1481 737 600
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LEI: 549300P4FSBHZFALLG04