City Natural Res High Yield Tst PLC Issue of Equity (7348C)
October 02 2018 - 8:52AM
UK Regulatory
TIDMCYN
RNS Number : 7348C
City Natural Res High Yield Tst PLC
02 October 2018
02 October 2018
CITY NATURAL RESOURCES HIGH YIELD TRUST PLC (THE "COMPANY")
LEI: 549300ES8CNIK2CQR054
Issue of equity - CULS CONVERSION
The Company has issued 398 ordinary shares of 25p each in the
capital of the Company (the "New Shares") in connection with the
exercise of conversion rights by holders of GBP1,508 nominal of the
Company's 3.5 per cent. convertible unsecured loan stock 2018
("CULS") with effect from 30 September 2018, conditional only on
admission of the New Shares to listing in the premium segment of
the Official List of the Financial Conduct Authority and to trading
on the Main Market of the London Stock Exchange ("Admission").
Applications have been made to the Financial Conduct Authority
and the London Stock Exchange for Admission and Admission is
expected to become effective, and dealings in the New Shares are
expected to commence, at 8.00 a.m. on 08 October 2018. Following
Admission, the New Shares will rank pari passu in all respects with
the existing ordinary shares of 25p each in the capital of the
Company ("Ordinary Shares").
On Admission, the Company's issued share capital will comprise
66,888,509 Ordinary Shares, none of which will be held in treasury.
Each ordinary share carries the right to one vote and, therefore,
the total number of voting rights in the Company on Admission will
be 66,888,509. This figure may be used by shareholders and other
investors 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 and Transparency Guidance Rules.
This was the last opportunity for CULS holders to exercise
conversion rights. GBP34,509,566 nominal of CULS was not converted
and this amount has been repaid to CULS holders.
For further information, please contact:
Martin Cassels Maitland Administration Services (Scotland) Limited T: 0131 550 3760
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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contact rns@lseg.com or visit www.rns.com.
END
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