TIDMBSRT
RNS Number : 8325C
Baker Steel Resources Trust Ltd
11 March 2011
Baker Steel Resources Trust Limited
11 March 2011
Reminder of Subscription Share rights to subscribe for Ordinary
Shares at 100p per share
This announcement is issued by way of reminder only and is not
to be read as a recommendation to Subscription Shareholders to
exercise their Subscription Share Rights or otherwise. There will
be further opportunities to exercise unexercised Subscription Share
rights at 100p per Ordinary Share on 31 March and 30 September each
year until (and including) 31 March 2013.
Exercise of Subscription Share Rights held in Certificated
form
Shareholders wishing to exercise their Subscription Share
Rights, who hold their shares in Certificated form, should refer to
the instructions on the reverse of their Subscription Share
Certificate(s).
Shareholders must lodge the relevant Subscription Share
certificate(s) at the office of Capita Registrars, The Registry, 34
Beckenham Road, Beckenham, Kent BR3 4TU, United Kingdom during the
period of 28 days ending at 5.00 pm on the relevant Subscription
Date (31 March 2011), having completed the notice of exercise of
Subscription Share Rights, and a remittance for the aggregate
Subscription Price for the Ordinary Shares in respect of which the
Subscription Share Rights are being exercised. Shares will be
allotted within 14 days of the relevant Subscription Date (by 14
April 2011).
Lost, Stolen, or Destroyed Certificates
If your Subscription Share certificate(s) are lost, stolen or
destroyed, please contact the Capita Registrars Shareholder
Helpline immediately for instructions on how to proceed, or
alternatively send a written request for a letter of indemnity for
a lost Subscription Share certificate.
There may be a fee for this service.
In the event of a replacement Subscription Share certificate
being requested, it is standard share registration practice to
issue an indemnity when a share certificate is reported lost,
stolen or destroyed. To enable us to issue an indemnity, you will
need to contact the Shareholder Helpline on 0871 664
0386 (calls cost 10p per minute plus network extras). Other
network providers' costs may vary. Lines are open from 9:00 a.m. to
5:30 p.m. (UK time) Monday to Friday (excluding UK public
holidays). If you are calling from outside the United Kingdom,
please telephone +44 20 8639 3407. Calls to the helpline from
outside the UK will be charged at the applicable international
rate. Different charges may apply to calls from mobile telephones
and calls may be recorded and randomly monitored for security and
training purposes. The Shareholder Helpline cannot give any
financial, legal or tax advice.
For a written request, please send it to Capita Registrars, The
Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU, United
Kingdom
Exercise of Subscription Share Rights held through CREST
Shareholders wishing to exercise their Subscription Share
Rights, who hold their Shares through CREST, should send a USE
(Unmatched Stock Event) instruction as set out below together with
a remittance for the aggregate Subscription Price in respect of
which the Subscription Share Rights are being exercised. When
sending a USE instruction Shareholders should use the following
participation and member account IDs when processing their
applications:
CREST Participant ID = RA06
CREST Member Account ID = BSRTSUB
The USE (instruction should be inputted to settle by 2.00 p.m.
on the relevant Subscription Date (31 March 2011). Shares will be
allotted within 14 days of the relevant Subscription Date (by 14
April 2011).
All times referred to relate to the normal CREST daily
timetable. It is a Subscription Shareholder's responsibility to
monitor that timetable for changes until 2.00 p.m. on 31 March 2011
and to take appropriate action if any of the events are brought
forward.
Share price information and basis of conversion
The closing prices for the Company's Ordinary Shares and
Subscription Shares, taken from the Daily Official List of the
London Stock Exchange on the first dealing day in each of the six
months prior to the date of this announcement and on the latest
practicable date prior to the date of this announcement, were as
follows:
Price per Ordinary Share Price per Subscription
(pence) Share (pence)
----------------- ----------------------------- ----------------------------
1 October 2010 83.50 15.25
----------------- ----------------------------- ----------------------------
1 November 2010 98.50 19.00
----------------- ----------------------------- ----------------------------
1 December 2010 87.00 16.50
----------------- ----------------------------- ----------------------------
4 January 2011 80.25 15.50
----------------- ----------------------------- ----------------------------
1 February 2011 83.00 15.50
----------------- ----------------------------- ----------------------------
1 March 2011 98.75 20.50
----------------- ----------------------------- ----------------------------
10 March 2011 96.25 20.00
----------------- ----------------------------- ----------------------------
Each Subscription Share entitles its holder to subscribe for one
Ordinary Share at a price of 100p per Ordinary Share. Subscription
Share rights attached to a Subscription Share are capable of being
exercised on one occasion only. Once the rights attached to a
Subscription Share are exercised, the Subscription Share will
become effectively valueless.
The Subscription Shares do not entitle holders to dividends or
interest. It is not currently envisaged that any income or gains
will be distributed by the Company by way of dividend.
Taxation for holders resident for tax purposes in the United
Kingdom
For the purposes of United Kingdom capital gains tax and
corporation tax on chargeable gains, on exercise of the right in
respect of any Subscription Shares to subscribe for Ordinary
Shares, the Ordinary Shares issued will be treated as the same
asset as the Subscription Shares in respect of which the
Subscription Share Rights are exercised. The base cost of each such
Ordinary Share will be the aggregate of the deemed base cost of the
Subscription Share that it replaces and the Subscription Price.
Further information relating to taxation can be found at Part VII
of the prospectus dated 31 March 2010.
If you have any enquiries regarding the procedures described
above, these should be referred, in the case of CREST sponsored
members, to their CREST sponsor and, in the case of other members
including CREST sponsors, to the Receiving Agent, at Capita
Registrars, Corporate Actions, The Registry, 34 Beckenham Road,
Beckenham, Kent BR3 4TU, United Kingdom.
HSBC Securities Services (Guernsey) Limited
Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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