Print   



Absolute Return Trust Limited (the "Company")

 (a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 42733)

 

3 November 2009

 

Completion of 30 September 2009 Share Switch

Following the publication on 28 October 2009 of the final month-end net asset values for September 2009, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 30 September 2009 share conversion date:

1.47419484 Euro shares per Sterling share

0.67833639 Sterling shares per Euro share

The net asset values per share of the Sterling Shares and the Euro Shares as at 30 September 2009 were:

    GBP 1.3104 per share

    EUR 0.9726 per share respectively

An FX rate of Euro/GBP of 1.094171169 as at 30 September 2009 was used.

On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued: 

• 27,315 new Euro shares of No Par Value

and the following shares will be cancelled: 

• 18,530 Sterling Shares of No Par Value

all with effect from 5 November 2009.

Application has been made to the Financial Services Authority ("FSA") for the 27,315 new Euro shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities. 

Admission is expected to occur on 5 November 2009 and shareholder CREST accounts for converting shareholders are expected be updated at 8am on that date.

Following issue and cancellation of the relevant shares, the total number of shares in issue and voting rights in each class will be as follows:

• 217,317,942 Sterling Shares

• 18,749,828 Euro Shares

The total of these figures (236,067,770) 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 FSA's Disclosure and Transparency rules.  

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Fraser Hiddelston +44 (0)1481 745738

ENDCONFSWFFDSUSEEF