Absolute Return Trust Limited (the "Company")
(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 42733)
8 February 2010
Completion of 31 December 2009 Share Switch
Following the publication on 29 January 2010 of the final month-end net asset values for 31 December 2009, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 31 December 2009 share conversion date:
1.51620282 Euro shares per Sterling share
0.65954237 Sterling shares per Euro share
The net asset values per share of the Sterling Shares and the Euro Shares as at 31 December 2009 were:
GBP 1.3238 per share
EUR 0.9827 per share respectively
An FX rate of Euro/GBP of 1.1255269 as at 31 December 2009 was used.
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
- 57,592 new Sterling shares of No Par Value
and the following shares will be cancelled:
- 87,323 Euro Shares of No Par Value
all with effect from 9 February 2010.
Application has been made to the Financial Services Authority ("FSA") for the 57,592 new Sterling 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 9 February 2010 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:
- 215,778,934 Sterling Shares
- 18,662,505 Euro Shares
The total of these figures (234,441,439) 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