To:
RNS
From:
CT Global Managed Portfolio Trust PLC
Date:
30 October 2024
LEI:
213800ZA6TW45NM9YY31
Conversion of shares
Shareholders of CT Global Managed
Portfolio Trust PLC (the "Company") have the opportunity to convert
their Income shares into Growth shares or their Growth shares into
Income shares annually, subject to minimum conversion
thresholds.
The Company announces that valid
conversion notices were received in respect of the following shares
(the "Converting Shares"):
-
167,760 Growth shares; and
-
185,555 Income shares
In accordance with the Company's
articles of association, the Converting Shares will be converted
into the other share class by reference to the ratio of the
relative underlying net asset values of the Growth shares and
Income shares as at close of business on 23 October
2024.
The conversion ratios were:
-
for every Converting Share which is a Growth share,
holders are entitled to 2.281964 Income shares and
-
for every Converting Share which is an Income
share, holders are entitled to 0.438219 Growth shares.
Accordingly, with effect from 8.00
a.m. on 31 October 2024 the above Converting Shares will be converted into:
-
382,822 Income shares; and
-
81,313 Growth shares
(the "Resulting Shares").
Shareholders' entitlements on
conversion are rounded down to the nearest whole number of share.
The Resulting Shares will rank pari passu with the existing shares of
the relevant class.
The Resulting shares have been
allotted conditional only to admission to the Official List of the
Financial Conduct Authority and to trading on the Main Market of
the London Stock Exchange.
Applications have been made for the
Resulting Shares to be admitted to the Official List of the
Financial Conduct Authority and to the London Stock Exchange for
the Resulting Shares to be admitted to trading on the Main Market.
It is expected that Admission will occur and dealings will commence
in such shares at 8.00 a.m. on 31 October 2024.
It is anticipated that certificates in
respect of the Resulting Shares will be posted by 6 November 2024
and CREST accounts credited on 31 October 2024.
Total
voting rights
Following the conversion, the
Company's issued share capital consists of 52,155,518 Income shares
and 38,741,161 Growth shares, of which nil Income shares and
3,780,000 Growth shares are held in treasury.
Therefore the total number of shares
with voting rights in the Company is 52,155,518 Income shares and
34,961,161 Growth shares. These figures 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 FCA's Disclosure
Guidance and Transparency Rules.
Note:
The nominal value of the shares
following the conversion will be £0.046131176 per Income share and £0.046131176
per Growth share. The change in nominal value
is required for legal purposes and does not impact the net asset
value of the shares.
For further information please
contact:
Ian Ridge, Columbia Threadneedle
Investment Business Limited
0131 573 8316
Peter Hewitt, Columbia Threadneedle
Investment Business
Limited
0131 573 8360