1st Conversion of 'C' Shares
December 09 2005 - 2:02AM
UK Regulatory
RNS Number:3976V
F&C Private Equity Trust PLC
09 December 2005
9 December 2005
F & C PRIVATE EQUITY TRUST PLC
First Conversion of 'C' Shares
The first conversion of 'C' shares into 'B' shares is by reference to 31 October
2005. The conversion ratio of 0.69286375 was announced on 5 December 2005. The
record date for the first conversion was the close of business yesterday. The
Company is now pleased to announce that, with immediate effect, 18,120,198 'C'
shares have been converted into 12,554,828 'B' shares.
Following the first conversion 51,737,948 'B' shares and 31,638,251 'C' shares
are now in issue. The number of 'A' shares in issue (being 67,084,807) remains
unchanged.
Applications have been made to the Financial Services Authority for the
12,554,828 'B' shares arising on the first conversion to be admitted to the
Official List and to the London Stock Exchange for such shares to be admitted to
its main market. Such admissions are expected to become effective, and dealings
in the 'B' shares arising on the first conversion are expected to commence on
the London Stock Exchange's main market today.
The 'C' shares remaining in issue have been allocated a new ISIN (GB00B0Q36484)
and a new SEDOL (B0Q3648).
Holders of 'C' shares in uncertificated form will receive their new 'B' shares
in uncertificated form and their accounts in CREST (being the same accounts in
which they hold their 'C' shares) will be credited today with the numbers of 'B'
shares arising on the first conversion and 'C' shares (with the new ISIN) held
in uncertificated form immediately following the first conversion (and the 'C'
shares with the former ISIN and SEDOL of GB00B0BV6700 and B0BV670 will be
cancelled).
Holders of 'C' shares in certificated form will receive certificates in respect
of the 'B' shares arising on the first conversion and the balance of their
holding of 'C' shares immediately following the first conversion, which will be
posted by 16 December 2005. Existing 'C' share certificate(s) will be of no
further value.
Copies of the circular giving holders of 'C' shares notice of the first
conversion dated 9 December 2005 will be submitted to the UK Listing Authority
today and will be available for inspection at the UK Listing Authority's
Document Viewing Facility, which is situated at:
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Tel: 020 7066 1000
-ends-
For more information please contact:
Hamish Mair 0131 465 1184
hamish.mair@fandc.com
Martin Cassels 0131 465 1095
martin.cassels@fandc.com
Alistair Moreton, Arbuthnot Securities Ltd 0207 012 2000
Sue Inglis, Intelli Corporate Finance 0207 653 6300
This information is provided by RNS
The company news service from the London Stock Exchange
END
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