CT Global Managed Portfolio Trust Conversion of shares (0911F)
November 02 2022 - 7:22AM
UK Regulatory
TIDMCMPG
RNS Number : 0911F
CT Global Managed Portfolio Trust
02 November 2022
To: RNS
From: CT Global Managed Portfolio Trust PLC
Date: 2 November 2022
LEI: 213800ZA6TW45NM9YY31
Conversion of shares
Shareholders of CT Global Managed Portfolio Trust PLC (the
"Company") have the opportunity to convert their Income shares into
Growth shares or their Growth shares into Income shares annually,
subject to minimum conversion thresholds.
The Company announces that valid conversion notices were
received in respect of the following shares (the "Converting
Shares"):
- 269,864 Growth shares; and
- 131,631 Income shares
In accordance with the Company's articles of association, the
Converting Shares will be converted into the other share class by
reference to the ratio of the relative underlying net asset values
of the Growth shares and Income shares as at close of business on
26 October 2022.
The conversion ratios were:
- for every Converting Share which is a Growth share, holders
are entitled to 1.945311 Income shares and
- for every Converting Share which is an Income share, holders
are entitled to 0.514057 Growth shares.
Accordingly, with effect from 8.00 a.m. on 3 November 2022 the
above Converting Shares will be converted into:
- 524,969 Income shares; and
- 67,665 Growth shares
(the "Resulting Shares").
Shareholders' entitlements on conversion are rounded down to the
nearest whole number of share. The Resulting Shares will rank pari
passu with the existing shares of the relevant class.
The Resulting shares have been allotted conditional only to
admission to the premium segment of the Official List of the
Financial Conduct Authority and to trading on the Main Market of
the London Stock Exchange.
Applications have been made for the Resulting Shares to be
admitted to the premium segment of the Official List of the
Financial Conduct Authority and to the London Stock Exchange for
the Resulting Shares to be admitted to trading on the Main Market.
It is expected that Admission will occur and dealings will commence
in such shares at 8.00 a.m. on 3 November 2022.
It is anticipated that certificates in respect of the Resulting
Shares will be posted by 9 November 2022 and CREST accounts
credited on 3 November 2022.
Total voting rights
Following the conversion, the Company's issued share capital
consists of 49,605,503 Income shares and 38,847,949 Growth shares,
of which nil Income shares and 215,000 Growth shares are held in
treasury.
Therefore the total number of shares with voting rights in the
Company is 49,605,503 Income shares and 38,632,949 Growth shares.
These figures may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
Note:
The Nominal Value of the shares following the conversion will be
GBP0.064343979 per Income share and GBP0.064343979 per Growth
share. The change in Nominal Value is required for legal purposes
and does not impact the net asset value of the shares.
For further information please contact:
Ian Ridge, Columbia Threadneedle Investment Business Limited 0131 718 1010
Peter Hewitt, Columbia Threadneedle Investment Business Limited 0131 718 1244
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END
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