Conversion of C Shares

14 Feb 2006 15:30

Teesland Advantage Property Inc Tst14 February 2006 Teesland Advantage Property Income Trust Limited C Share conversion The Board of Teesland Advantage Property Income Trust Limited announces that theconversion of the C Shares into New Ordinary Shares has been triggered. TheCalculation Time in respect of conversion was 13 February 2006, at which datethe Conversion Ratio was 0.9401 New Ordinary Shares for every one C Share.Fractions will be rounded down to the nearest whole share. 66,747,100 New Ordinary Shares will be created on conversion, increasing thenumber of issued Shares of the Company from 76,000,200 to 142,747,300.Application has been made for the 66,747,100 New Ordinary Shares to be admittedto the Official Lists of the UK Listing Authority and the Channel Islands StockExchange. The expected timetable for the conversion is as follows: Record date for Conversion, C Share register closes 16 February 2006 Dealings in new Ordinary Shares commence 17 February 2006 Crediting of CREST accounts with new Ordinary Shares 17 February 2006 Share certificates in respect of New Ordinary Shares despatched no later than 24 February 2006 END OF ANNOUNCEMENT This information is provided by RNS The company news service from the London Stock Exchange