CQS Diversified Fund Limited Conversion of Securities (4253A)
February 19 2014 - 5:00AM
UK Regulatory
TIDMCQS TIDMCQSU
RNS Number : 4253A
CQS Diversified Fund Limited
19 February 2014
CQS Diversified Fund Limited (the "Company")
CONVERSION BETWEEN SHARE CLASSES & ADMISSION OF NEW
SHARES
Conversion requests
The table below summarises the aggregate number of shares of
each class in relation to which the Company has received requests
to convert such shares into shares of the other class with effect
from 31(st) January 2014 (the "Conversion Day").
From Sterling Shares to US Dollar Shares 1,658,077
Conversion ratios
The net asset value per share of each class as at the Conversion
Day was as follows:
GBP1.1420 in the case of Sterling Shares
$1.1353 in the case of US Dollar Shares
Spot conversion rate to be used for the Conversion, as at the
Conversion date:
GBP/USD: 0.60827
On the basis of the above, the conversion ratios are as
follows:
1.6537 US Dollar Shares for every one Sterling Share
Admission of new shares
Application has been made for 2,741,961 US dollar Shares to be
admitted to the Official List of the UK Listing Authority and to
trading on the London Stock Exchange. It is expected that such
listing will become effective and that dealings in such shares will
commence on 20 February 2014.
Results of conversion
With effect from 20 February 2014, the issued share capital of
the Company will be as follows:
Sterling Shares: 69,210,492
US Dollar Shares: 20,202,487
All shareholders have equal voting rights based on the number of
shares held. Accordingly, the total number of voting rights in the
Company is 89,412,979 and this figure 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 FSA's Disclosure
and Transparency Rules.
19 February 2014
For further information about this announcement contact:
Secretary
Citco Fund Services (Guernsey) Limited
Douglas Mackay
Telephone (01481) 706796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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