Admission to Main Market & First Day of Dealings
April 28 2010 - 3:38AM
UK Regulatory
TIDMBSRT
RNS Number : 9293K
Baker Steel Resources Trust Ltd
28 April 2010
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN
BAKER STEEL RESOURCES TRUST LIMITED
(Incorporated in Guernsey with registered number 51576 under the provisions of
The Companies (Guernsey) Law, 2008 as amended)
ISSUE AND ADMISSION OF 66,023,089 ORDINARY SHARES AT AN ISSUE PRICE OF 100P PER
SHARE AND 13,204,594 SUBSCRIPTION SHARES ON A 1 FOR 5 BASIS PURSUANT TO AN OFFER
FOR SUBSCRIPTION AND PLACING AND THE REORGANISATION OF GENUS CAPITAL FUND
Baker Steel Resources Trust Limited ("the Company") announces that 30,468,865
Ordinary Shares and 6,093,772 Subscription Shares, issued pursuant to the
Placing and Offer for Subscription, were admitted to the Official List of the
Financial Services Authority and to trading on the London Stock Exchange's
market for listed securities at 8.00 a.m. this morning.
Together with the 35,554,224 Ordinary Shares and 7,110,822 Subscription Shares
issued to the holders of shares in Genus Capital Fund pursuant to a scheme of
reorganisation of Genus Capital Fund, the Company has in issue a total of
66,023,089 Ordinary Shares and 13,204,594 Subscription Shares.
Enquiries:
Baker Steel Resources Trust Limited
Trevor Steel +44 20 7389 8290
Winterflood Investment Trusts
Robert Peel/James Moseley +44 20 3100 0291/0250
RBC Capital Markets
Martin Eales +44 20 7653 4000
This announcement is not for distribution directly or indirectly in or into the
United States, Canada, Australia or Japan. This announcement does not
constitute an offer to sell or issue or the solicitation of an offer to buy or
acquire Ordinary Shares in the capital of Baker Steel Resources Trust Limited in
the United States, Canada, Australia or Japan or any jurisdiction in which such
an offer or solicitation is unlawful. The Ordinary Shares in Baker Steel
Resources Trust Limited referred to in this announcement have not been and will
not be registered under the Securities Act and may not be offered or sold within
the United States absent registration or an exemption from registration. No
public offering of securities will be made in the United States, Canada or
Australia or Japan.
This announcement has been communicated by Baker Steel Resources Trust Limited
(which is a registered closed-ended investment scheme registered pursuant to the
POI Law and the Registered Collective Investment Scheme Rules 2008 issued by the
GFSC) and does not constitute an offer to sell or a solicitation of an offer to
purchase any securities. The price of shares and the income from them may go
down as well as up and investors may not get back the full amount invested on
disposal of the shares. There is no guarantee that the market price of shares
in Baker Steel Resources Trust Limited will fully reflect their underlying NAV.
Winterflood Securities Limited ("Winterflood") and Royal Bank of Canada Europe
Limited (trading as RBC Capital Markets) are acting exclusively for Baker Steel
Resources Trust Limited and no one else in connection with the Placing and Offer
for Subscription and will not be responsible to anyone other than Baker Steel
Resources Trust Limited for providing the protections afforded to clients of
Winterflood and RBC Capital Markets nor for providing any advice in relation to
the Placing and Offer for Subscription or any other matters referred to in this
press announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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