BMO Managed Portfolio Trust - BMPI Conversion of Shares (4682S)
06 Noviembre 2019 - 3:57AM
UK Regulatory
TIDMBMPI
RNS Number : 4682S
BMO Managed Portfolio Trust - BMPI
06 November 2019
To: RNS
From: BMO Managed Portfolio Trust PLC
Date: 6 November 2019
LEI: 213800ZA6TW45NM9YY31
Conversion of shares
Shareholders of BMO 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"):
- 196,466 Growth shares
- 240,482 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
30 October 2019.
The conversion ratios were:
- for every Converting Share which is a Growth share, holders
are entitled to 1.55403 Income shares and
- for every Converting Share which is an Income share, holders
are entitled to 0.64349 Growth shares.
Accordingly, with effect from 8.00 a.m. on 7 November 2019 the
above Converting Shares will be converted into:
- 305,314 Income shares; and
- 154,747 Growth shares
(the "Resulting Shares").
Individual shareholders' entitlements on conversion are rounded
down to the nearest whole number of shares. The Resulting Shares
will rank parri passu with the existing shares of the relevant
class.
The Resulting shares have been allotted conditional only to
admission to the Official List of the UK Listing 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 Official List of the UK Listing 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 7
November 2019.
It is anticipated that certificates in respect of the Resulting
Shares will be posted by 13 November 2019 and CREST accounts
credited on 7 November 2019.
Total voting rights
Following the conversion the Company's issued share capital
consists of 44,585,537 Income shares and 35,593,210 Growth shares,
of which nil Income shares and 130,000 Growth shares are held in
treasury.
Therefore the total number of shares with voting rights in the
Company is 44,585,537 Income shares and 35,463,210 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
GBP0.094976101 per Income share and GBP0.094976101 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, BMO Investment Business Limited 0131 718 1010
Peter Hewitt, BMO Investment Business Limited 0131 718 1244
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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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