Schiehallion Fund Limited (The) C Share Conversion Ratio (7522L)
07 Setembro 2023 - 8:25AM
UK Regulatory
TIDMMNTN TIDMMNTC
RNS Number : 7522L
Schiehallion Fund Limited (The)
07 September 2023
The Schiehallion Fund Limited
(the "Company")
Legal Entity Identifier: 213800NQOLJA1JCWXQ56
C Share Conversion Ratio
Further to the announcement on 3 August 2023, the Company is
pleased to announce the Conversion Ratio on the basis of the
respective Net Asset Values of the Ordinary Shares and the C Shares
as at the Conversion Calculation Date, being 31 August 2023.
Net Asset Value per Ordinary 106.14 cents
Share
Net Asset Value per C Share 80.68 cents
Conversion Ratio 0.7601 Ordinary shares for each
C Share
The number of New Ordinary Shares to be issued as a result of
Conversion will be calculated based on the register at 6.00 p.m. on
8 September 2023 and is expected to be announced on 11 September
2023. The holders of C Shares will not be entitled to fractions of
New Ordinary Shares arising on Conversion. Instead, the number of
New Ordinary Shares to be issued to each holder will be rounded
down to the nearest whole number of Ordinary Shares and fractional
entitlements will be disregarded, with any value attributable to
them being retained for the benefit of the Company. The New
Ordinary Shares will rank pari passu with the existing Ordinary
Shares, including the right to receive all future dividends or
distributions declared in respect of the Ordinary Shares.
Application has been made for the New Ordinary Shares to be
admitted to trading on the Specialist Fund Segment of the London
Stock Exchange's Main Market ("Admission"). It is now expected that
admission will become effective and that dealings in the New
Ordinary Shares will commence at 8:00 a.m. on 12 September 2023
(rather than 11 September 2023, as indicated in the announcement on
3 August 2023).
Application will also be made to cancel the C Shares from
trading on the London Stock Exchange as soon as reasonably
practicable following Conversion.
Expected timetable
Event Date
Conversion record date 6:00 p.m. on 8 September
2023
Cancellation of C Shares As soon as reasonably
practicable following
conversion
Admission of new Ordinary Shares on Conversion
and dealings commence 8:00 a.m. on 12 September
2023
Crediting of CREST accounts with new 12 September 2023
Ordinary Shares
Share Certificates in respect of new w/c 18 September 2023
Ordinary Shares despatched
Capitalised terms used but not defined in this announcement will
have the same meaning as set out in the Prospectus.
Baillie Gifford & Co Limited
7 September 2023
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END
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September 07, 2023 07:25 ET (11:25 GMT)
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