TIDMGABI

RNS Number : 5906M

GCP Asset Backed Income Fund Ltd

14 October 2016

GCP Asset Backed Income Fund Limited (the "Company")

Conversion of C shares

14 October 2016

Further to the Company's announcement on 3 October 2016 and as described in the prospectus issued on 27 April 2016, the C shares will be converted into ordinary shares at the following rate:

0.990044 ordinary shares for every C share (the "Conversion Ratio")

On the basis of the Conversion Ratio, a holder of 1,000 C shares will receive 990 ordinary shares.

Following conversion of the C shares, the enlarged number of ordinary shares in issue will be 149,647,349.

The record date for the conversion will be close of business on 17 October 2016.

The C shares will be cancelled with effect from 8.00 am on 18 October 2016 and an application has been made for 43,647,347 new ordinary shares to be admitted to trading on the Main Market of the London Stock Exchange from the same time and date.

Share certificates in respect of new ordinary shares are expected to be despatched in the week commencing 25 October 2016.

For further information, please contact:

 
 
  Gravis Capital Partners LLP 
  David Conlon david.conlon@gcpuk.com +44 (0)20 
  7518 1490 
  Stephen Ellis stephen.ellis@gcpuk.com 
  Dion Di Miceli dion.dimiceli@gcpuk.com 
 
 
  Cenkos Securities plc 
  Tom Scrivens tscrivens@cenkos.com +44 (0)20 
  7397 1915 
  Sapna Shah sshah@cenkos.com +44 (0)20 7397 
  1922 
 
 
  Buchanan 
  Charles Ryland +44 (0)20 7466 5000 
  Victoria Hayns 
 
Notes to Editors 
 The Company 
 The Company is a closed ended investment 
 company traded on the Main Market of the 
 London Stock Exchange. Its investment objective 
 is to generate attractive risk-adjusted returns 
 primarily through regular, growing distributions 
 and modest capital appreciation over the 
 long term. 
 The Company seeks to meet its investment 
 objective by making investments in a diversified 
 portfolio of UK based asset backed loans 
 which have contracted, predictable medium 
 to long term cash flows and/or physical assets.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CONAKQDQKBDDKKD

(END) Dow Jones Newswires

October 14, 2016 06:42 ET (10:42 GMT)

Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gcp Asset Backed Income Charts.
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gcp Asset Backed Income Charts.