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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gcp Asset Backed Income Fund Limited | LSE:GABI | London | Ordinary Share | JE00BYXX8B08 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 67.20 | 66.80 | 68.00 | 20,000 | 08:28:12 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 15.18M | 7.69M | 0.0181 | 37.13 | 286.02M |
From Apr 2019 to Apr 2024
TIDMGABI
RNS Number : 5906M
GCP Asset Backed Income Fund Ltd
14 October 2016
GCP Asset Backed Income Fund Limited (the "Company")
Conversion of C shares
14 October 2016
Further to the Company's announcement on 3 October 2016 and as described in the prospectus issued on 27 April 2016, the C shares will be converted into ordinary shares at the following rate:
0.990044 ordinary shares for every C share (the "Conversion Ratio")
On the basis of the Conversion Ratio, a holder of 1,000 C shares will receive 990 ordinary shares.
Following conversion of the C shares, the enlarged number of ordinary shares in issue will be 149,647,349.
The record date for the conversion will be close of business on 17 October 2016.
The C shares will be cancelled with effect from 8.00 am on 18 October 2016 and an application has been made for 43,647,347 new ordinary shares to be admitted to trading on the Main Market of the London Stock Exchange from the same time and date.
Share certificates in respect of new ordinary shares are expected to be despatched in the week commencing 25 October 2016.
For further information, please contact:
Gravis Capital Partners LLP David Conlon david.conlon@gcpuk.com +44 (0)20 7518 1490 Stephen Ellis stephen.ellis@gcpuk.com Dion Di Miceli dion.dimiceli@gcpuk.com Cenkos Securities plc Tom Scrivens tscrivens@cenkos.com +44 (0)20 7397 1915 Sapna Shah sshah@cenkos.com +44 (0)20 7397 1922 Buchanan Charles Ryland +44 (0)20 7466 5000 Victoria Hayns Notes to Editors The Company The Company is a closed ended investment company traded on the Main Market of the London Stock Exchange. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term. The Company seeks to meet its investment objective by making investments in a diversified portfolio of UK based asset backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CONAKQDQKBDDKKD
(END) Dow Jones Newswires
October 14, 2016 06:42 ET (10:42 GMT)
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