NB Distressed Debt Invest. Fd. Ltd Capital Distribution Update (6207R)
July 01 2020 - 2:00AM
UK Regulatory
TIDMNBDD TIDMNBDX TIDMNBDG
RNS Number : 6207R
NB Distressed Debt Invest. Fd. Ltd
01 July 2020
1 July 2020
NB Distressed Debt Investment Fund Limited
Capital Distribution Update
NB Distressed Debt Investment Fund Limited (the "Company")
announces that, in connection with the capital distribution for the
Extended Life ("NBDX") and Global ("NBDG") Share Classes announced
on 17 June 2020, the Company has compulsorily redeemed on a pro
rata basis 14,969,269 NBDX shares at a price of $0.7009 per NBDX
share and 16,429,427 NBDG shares at a price of GBP0.6387 per NBDG
share for cancellation.
Fractions of shares produced by the applicable redemption ratios
have not been redeemed and therefore the number of shares redeemed
in respect of each shareholder has been rounded down to the nearest
whole number of shares.
Payments of redemption monies are expected to be effected either
through CREST (in the case of shares held in uncertificated form)
or by cheque (in the case of shares held in certificated form) by
10 July 2020. Any certificates currently in circulation will be
superseded by a new certificate which will be distributed to
shareholders by 10 July 2020.
Following the redemption, the Company has 15,382,770 NBDD,
82,495,074 NBDX and 42,929,950 NBDG Shares in issue. Therefore, the
total number of voting rights in the Company is 140,807,794.
The new ISINs, GG00BMY71631 for the NBDX shares and GG00BMY71748
for the NBDG shares, in respect of the remaining shares which have
not been redeemed have been enabled and are available for
transactions after 30 June 2020.
LEI: YRFO7WKOU3V511VFX790
For further information, please contact:
KL Communications +44 (0) 20 3995 6673
Charles Gorman nbdd@kl-communications.com
Stifel Nicolaus Europe Limited
Mark Bloomfield +44 (0) 20 7710 7600
This information is provided by RNS, the news service of the
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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