11th Aug 2005 11:46
Insight Foundation Property Tst Ltd11 August 2005 Insight Foundation Property Trust Ltd 11 August 2005 C Share conversion It was announced on 5 August 2005 that the Calculation Time in respect ofConversion of the C Shares of the Company was 5 August 2005. As at that date,the net asset value per C Share was 97.85p and the net asset value per OrdinaryShare was 104.59p. On this basis, for the purposes of the Conversion, theConversion Ratio is 0.9356 Ordinary shares for every one C Share. On the basis of the Conversion Ratio, a holder of 10,000 C Shares will receive9,356 new Ordinary shares on Conversion. Fractions will be rounded down to thenearest whole share. 93,560,000 new Ordinary Shares will be created on Conversion of the C Sharesincreasing the number of issued Ordinary Shares of the Company from 260,000,000to 353,560,000. The expected timetable to Conversion is as follows: Record date for Conversion, C Share register closes 11 August 2005Dealings in new Ordinary Shares commence 15 August 2005Crediting of CREST accounts with new Ordinary Shares 15 August 2005Share certificates in respect of new Ordinary Shares week commencing 22 August 2005 despatched Enquiries: Duncan Owen (Insight Investment Management)Tel: 020 7321 1676 Richard Cotton / Angus Gordon Lennox (JPMorgan Cazenove)Tel: 020 7588 2828 Stephanie Highett / Dido Laurimore (Financial Dynamics)Tel: 020 7831 3113 END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Schroder Real