Baker Steel Resources Trust Ltd Subscription Shares (7280C)
April 18 2013 - 12:09PM
UK Regulatory
TIDMBSRT
RNS Number : 7280C
Baker Steel Resources Trust Ltd
18 April 2013
BAKER STEEL RESOURCES TRUST LIMITED
(Incorporated in Guernsey with registered number 51576 under the
provisions of The Companies (Guernsey) Law, 2008 as amended)
18 April 2013
Subscription Shares
Baker Steel Resources Trust Limited (the "Company") announces
that following the final date for subscription of the Subscription
Shares on 2 April 2013 Ogier Trustee (Guernsey) Limited was
appointed as trustee in respect of the unexercised subscription
rights (the "Trustee") as notified in the notice of final exercise
sent to holders of Subscription Shares on 15 February 2013.
As the market price for Ordinary Shares has been below the
subscription price for the Subscription Shares within the 14 day
period following the Final Subscription Date, the Trustee has not
exercised the subscription rights and accordingly the Subscription
Share rights in respect of the remaining 13,085,150 Subscription
Shares lapsed on 16 April 2013.
The listing of the Subscription Shares was suspended on 4 April
2013. The Company has requested that the listing of the
Subscription Shares be cancelled by the UK Listing Authority on 20
May 2013.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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