Absolute Return Trust Limited Conversion of Securities (0982Q)

TIDMABR

RNS Number : 0982Q

Absolute Return Trust Limited

01 November 2012

Absolute Return Trust Limited (the "Company")

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

Completion of 30 September 2012 Share Conversion

1 November 2012

Following the publication of the final month-end net asset values for 30 September 2012, 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 2012 share conversion date:

0.5775 Sterling share per Euro share

The net asset values per share of the Sterling Shares and the Euro Shares as at 30 September 2012 were:

GBP 1.307100 per share

EUR 0.947500 per share

An FX rate of GBP / EUR of 1.25519 as at 30 September 2012 was used.

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

   -    23,109 new Sterling shares of No Par Value 

and the following shares will be cancelled:

   -    40,016 Euro Shares of No Par Value 

all with effect from 7 November 2012.

Application has been made to the Financial Services Authority ("FSA") for 23,109 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 7 November 2012 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:

   -    153,219,683 Sterling Shares 
   -    9,412,088  Euro Shares 

The total of these figures (162,631,771) 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

Andrew Maiden (Tel: [phone])

This information is provided by RNS

The company news service from the London Stock Exchange

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