Conversion of Securities
(Thomson Reuters ONE) - 17 September 2009NORTHERN VENTURE TRUST PLC ("The Company")C SHARE CONVERSIONThe Company announces further details of the forthcoming conversionof the Company's C shares of 75p each into ordinary shares of 25peach.The C shares were issued by way of an offer for subscription launchedin November 2005 and the funds raised have been managed as a separatepool of assets from those attributed to the ordinary shares. Inaccordance with the Company's articles of association, the C shareswill convert into ordinary shares at the close of business on 29October 2009 (the 'Conversion Date'). It is expected that the Cshares will be removed from the Official List with effect from closeof trading on 29 October 2009.The number of new ordinary shares to be issued on conversion will bedetermined by reference to the respective net asset values per shareattributable to the ordinary shares and the C shares (the 'ConversionRatio') as at 30 September 2009 (the 'Calculation Date'). It isexpected that details of the Conversion Ratio will be announced nolater than 29 October 2009.New ordinary shares will be issued on 29 October 2009 to the holdersof C shares registered in the register of members of the company at6.00pm on 29 October 2009.The new ordinary shares to be issued on conversion will rank paripassu with the existing ordinary shares and application will be madefor the new ordinary shares to be admitted to the Official List andto trading on the London Stock Exchange's market for listedsecurities with effect from 30 October 2009. Share certificates inrespect of the new ordinary shares will be sent to shareholders nolater than 9 November 2009.Enquiries:Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191244 6000Website: www.nvm.co.uk---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.09.2009 - 16:32 Uhr
Sprache: Deutsch
News-ID 5936
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