Baker Steel Resources Trust Ltd Prospectus Filed for Largest Investment (0786M)
September 12 2012 - 4:33AM
UK Regulatory
TIDMBSRT
RNS Number : 0786M
Baker Steel Resources Trust Ltd
12 September 2012
BAKER STEEL RESOURCES TRUST LIMITED
(Incorporated in Guernsey with registered number 51576 under the
provisions of The Companies (Guernsey) Law, 2008 as amended)
12 September 2012
Prospectus Filed for Largest Investment
Baker Steel Resources Trust Limited (the "Company") announces
that its largest investment Ivanplats Limited ("Ivanplats")
yesterday filed its preliminary prospectus in Canada in
anticipation of an Initial Public Offering ("IPO") and listing on
the Toronto Stock Exchange.
The investment in Ivanplats represented 30.7% of the Company's
unaudited net asset value as at 31 August 2012.
As part of the IPO process, Ivanplats has implemented a
reorganisation of its shares approved at its AGM on 26 May 2011,
whereby the shares of all existing shareholders are subject to
lock-up arrangements of six months to thirty-nine months. Further
details are available in Ivanplats' preliminary prospectus.
There is no information available about the expected price range
for the IPO or the timing for its completion. Further announcements
will be made by the Company as Ivanplats announces additional
information.
Ivanplats' preliminary prospectus is available on the Canadian
information service SEDAR on
http://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00033595&fileName=/csfsprod/data134/filings/01959806
/00000001/C%3ASEDARFILINGSIvanplatsINP_PrelimProspEN.pdf
Further details of the Company and its investments are available
on the Company's website www.bakersteelresourcestrust.com
Enquiries:
Baker Steel Resources Trust Limited +44 20 7389 8237
Francis Johnstone
Trevor Steel
RBC Capital Markets +44 20 7653 4000
Martin Eales
Winterflood Investment Trusts +44 20 3100 0250
James Moseley
Pelham Bell Pottinger
Lorna Spears +44 20 7861 3883
Joanna Boon +44 20 7861 3867
This information is provided by RNS
The company news service from the London Stock Exchange
END
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