TIDMABR
RNS Number : 8558B
Absolute Return Trust Limited
03 November 2009
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Absolute Return Trust Limited (the "Company")
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 42733)
3 November 2009
Completion of 30 September 2009 Share Switch
Following the publication on 28 October 2009 of the final month-end net asset
values for September 2009, the following share conversion ratios have been
determined in accordance with the articles of incorporation of the Company for
the purposes of the 30 September 2009 share conversion date:
1.47419484 Euro shares per Sterling share
0.67833639 Sterling shares per Euro share
The net asset values per share of the Sterling Shares and the Euro Shares as at
30 September 2009 were:
GBP 1.3104 per share
EUR 0.9726 per share respectively
An FX rate of Euro/GBP of 1.094171169 as at 30 September 2009 was used.
On the basis of aggregate applications received and using the conversion ratios
listed above, the following shares will be issued:
* 27,315 new Euro shares of No Par Value
and the following shares will be cancelled:
* 18,530 Sterling Shares of No Par Value
all with effect from 5 November 2009.
Application has been made to the Financial Services Authority ("FSA") for
the 27,315 new Euro shares to be admitted to the Official List of the UK Listing
Authority and admitted to trading on the London Stock Exchange's main market for
listed securities.
Admission is expected to occur on 5 November 2009 and shareholder CREST accounts
for converting shareholders are expected be updated at 8am on that date.
Following issue and cancellation of the relevant shares, the total number of
shares in issue and voting rights in each class will be as follows:
* 217,317,942 Sterling Shares
* 18,749,828 Euro Shares
The total of these figures (236,067,770) 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 interest in, the
Company under the FSA's Disclosure and Transparency rules.
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Fraser Hiddelston +44 (0)1481 745738
This information is provided by RNS
The company news service from the London Stock Exchange
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