FPEB F&C Priv. Ord

RNS Number:1711J
F&C Private Equity Trust PLC
19 September 2006


To:    RNS
Date:  19 September 2006

F&C Private Equity Trust plc
Final Conversion of C Shares

The fourth and final conversion of 'C' shares into 'B' shares is by reference to
31 July 2006.  The NAVs per 'B' share and per 'C' share as at that date,
calculated for the purpose of conversion in accordance with the articles of
association*, were 166.36p and 96.13p respectively.  As at 31July 2006, the net
assets of the 'C' pool, valued for the purpose of conversion, were #8.1 million.
Consequently 8.5 million 'C' shares will convert to 4.9 million 'B' shares at
the final conversion date.  The conversion ratio (being the number of 'B' shares
resulting from the 'C' shares to be converted) is 0.57787913.

The number of 'C' shares to be converted into 'B' shares in each holding of 'C'
shares as at 25 September 2006 (the record date for the final conversion) will
be rounded down to the nearest whole 'C' share.  Fractional entitlements to 'B'
shares arising on conversion will not be allocated, and will be aggregated and
sold in the market for the benefit of the 'B' pool.  For illustrative purposes
only, a holder of 1,000 'C' shares as at 25 September 2006 will, immediately
following the final conversion, hold 577 'B' shares.

The final conversion will occur with effect from 26 September 2006.

Applications will be made to the Financial Services Authority and to London
Stock Exchange plc for the 'B' shares arising on the final conversion to be
admitted to the Official List and to trading on the main market of London Stock
Exchange plc respectively.  It is expected that such admissions will become
effective on 26 September 2006.


* The quarterly NAVs value listed investments at their bid prices.  The NAVs per
'B' share and per 'C' share for the purpose of conversion value listed
investments at their mid-market prices.


For further information, please contact:

Hamish Mair                                                     0131 465 1184
hamish.mair@fandc.com

Martin Cassels                                                  0131 465 1095
martin.cassels@fandc.com

Alistair Moreton, Arbuthnot Securities Ltd                      0207 012 2000

Sue Inglis, Intelli Corporate Finance                           0207 653 6300




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

CONILFVSAIIALIR

Grafico Azioni F&c Private Equity Trust (LSE:FPEB)
Storico
Da Ott 2024 a Nov 2024

Grafico Azioni F&c Private Equity Trust (LSE:FPEB)
Storico
Da Nov 2023 a Nov 2024