NB Distressed Debt Invest. Fd. Ltd Replacement - Capital Distribution (0546O)
01 Agosto 2014 - 10:15AM
UK Regulatory
TIDMNBDD TIDMNBDX TIDMNBDG
RNS Number : 0546O
NB Distressed Debt Invest. Fd. Ltd
01 August 2014
1 August 2014
The following amendment has been made to the 'Capital
Distribution' announcement released at 7am on 1 August 2014 under
RNS No 9442N07.
The new ISIN number GG00BPT2C729 for the NBDD shares and
GG00BPT2C943 for the NBDX shares (the "New ISINs") in respect of
the remaining shares which have not been redeemed will be enabled
and available for transactions from and including 13 August
2014.
All other details remain unchanged and the full amended text is
shown below.
NB Distressed Debt Investment Fund Limited
Capital Distribution of $7 million for NBDD share class and
$4.19m for NBDX share class
The Board of NB Distressed Debt Investment Fund Limited (the
"Company") is pleased to announce a further capital distribution
for both the Ordinary Share Class ("NBDD") and the Extended Life
Share Class ("NBDX").
The Company has resolved to return a total (before expenses) of
$7.0 million to NBDD shareholders (equivalent to approximately
$0.0785 per NBDD share) by way of a compulsory partial redemption
of NBDD shares at a price equal to $1.2593 per NBDD share (being
the last published NAV per NBDD share prior to this announcement).
The amount applied to the partial redemption of NBDD shares will be
after the deduction of costs and expenses of this partial
redemption, expected to be approximately $8,000.
The Company has further resolved to return a total (before
expenses) of $4.19 million to NBDX shareholders (equivalent to
approximately $0.0125 per NBDX share) by way of a compulsory
partial redemption of NBDX shares at a price equal to $1.2786 per
NBDX share (being the last published NAV per NBDX share prior to
this announcement). The amount applied to the partial redemption of
NBDX shares will be after the deduction of costs and expenses of
this partial redemption, expected to be approximately $8,000.
The redemption of both the NBDD and NBDX shares (the
"Redemptions") will be effected pro rata to holdings of NBDD and
NDBX shares on the NBDD and NBDX registers at the close of business
on 12 August 2014 (the "Redemption Date"), being the record date
for the Redemptions. Approximately 6.23 per cent. of the NBDD
issued share capital (that is 6.23 NBDD shares for every 100 held
(the "NBDD Redemption Ratio")) and approximately 0.98 per cent. of
the NBDX issued share capital (that is 0.98 NBDX shares for every
100 held (the "NBDX Redemption Ratio")) will be redeemed on the
Redemption Date. Fractions of shares produced by the NBDD
Redemption Ratio or the NBDX Redemption Ratio will not be redeemed
and so the number of shares of the relevant class to be redeemed
from each shareholder will be 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
27 August 2014. It is requested that certificated shareholders send
all of their share certificates to the Company's Registrar. Any
share certificates for the balance of the holding will be
distributed to shareholders with their redemption monies.
The Company currently has 89,160,296 NBDD and 335,188,578 NBDX
shares in issue. All of the NBDD and NBDX shares redeemed on the
Redemption Date will be cancelled.
The shares will be disabled in CREST on the Redemption Date and
the existing ISIN number GG00BLT1SN95 for the NBDD shares and
GG00BJ05NR56 for the NBDX shares (the "Old ISINs") will expire. The
new ISIN number GG00BPT2C729 for the NBDD shares and GG00BPT2C943
for the NBDX shares (the "New ISINs") in respect of the remaining
shares which have not been redeemed will be enabled and available
for transactions after from and including 13 August 2014. For the
period up to and including the Redemption Date, shares will be
traded under the Old ISINs and as such, a purchaser of such shares
may have a market claim for a proportion of the redemption proceeds
following the activation of the New ISINs. CREST will automatically
transfer any open transactions as at the Redemption Date to the New
ISINs.
For further information, please contact:
Neuberger Berman Europe Limited
Damian Holland
Anji Stewart +44 (0)20 3214 9000
Oriel Securities Limited
Neil Winward
Mark Bloomfield
Gaudi Le Roux +44 (0)20 7710 7600
Winterflood Investment Trusts
Joe Winkley
Neil Langford +44 (0)20 3100 0000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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