AndhraNews.net
Home » Business News » 2013 » April » April 9, 2013

Eurocastle Investment Limited : Notice of Mandatory Conversion


April 9, 2013 - London

EUROCASTLE INVESTMENT LIMITED

                                                                                     FOR IMMEDIATE RELEASE
Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn:Mark Woodall
Tel:+44 1481 723450

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Notice of Mandatory Conversion


Guernsey. 9 April 2013 - Further to its announcement dated 2 April 2013, Eurocastle Investment Limited (Euronext Amsterdam: ECT) ("Eurocastle") hereby announces that it will exercise on 10 April 2013 its right to mandatorily convert all outstanding €75,000,000 20 per cent. perpetual subordinated convertible securities (the "Series A Convertible Securities") and €24,750,000 20 per cent. perpetual subordinated convertible securities (together with the Series A Convertible Securities, the "Convertible Securities") into ordinary shares in Eurocastle ("Ordinary Shares") (the "Mandatory Conversion").

The Mandatory Conversion will take effect on 12 April 2013 and will result in the issue of approximately 3,398,474,717 new Ordinary Shares.

The expected timetable for delivery of the Ordinary Shares following the Mandatory Conversion is as follows:

Mandatory Conversion Date 12 April 2013
Latest date for delivery of Ordinary Share delivery instructions 12 April 2013
Issue of Ordinary Shares 19 April 2013
Listing of Ordinary Shares 19 April 2013
Delivery of Ordinary Shares through CREST and Euroclear Nederland On or around 19 April 2013
Delivery of Ordinary Shares in certificated form On or around 26 April 2013

A notice of the Mandatory Conversion containing further details regarding delivery of Ordinary Shares will be sent to all holders of Convertible Securities on Wednesday 10 April 2013.

Enquiries

Mark Woodall Tel: +44 1481 723450

This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security in the United States.

The securities mentioned herein have not been, and will not be, registered in the United States under the US Securities Act of 1933 (the "Securities Act"). Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Neither the content of Eurocastle's website (or any other website) nor the content of any website accessible from hyperlinks on Eurocastle's website (or any other website) is incorporated in this announcement.

Forward-Looking Statements

Some of the statements contained in this announcement may include forward-looking statements which reflect Eurocastle's or, as appropriate, the Directors' current views with respect to future events and financial performance. Statements which include the words "expect", "believe", "intend", "plan", "will", "project", "anticipate", "would" and similar statements of a future or forward-looking nature identify forward-looking statements for the purposes of the US federal securities laws or otherwise.

All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause Eurocastle's actual results to differ materially from those indicated in these statements. Undue reliance should not be placed on any forward-looking statements contained herein.These forward-looking statements speak only as at the date of this announcement. Subject to any continuing obligations under the Listing Rules and the Disclosure and Transparency Rules, Eurocastle undertakes no obligation publicly to update or review any forward-looking statement contained in this announcement, whether as a result of new information, future developments or otherwise.




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Eurocastle Investment Limited via Thomson Reuters ONE

HUG#1691749

GlobeNewswire

Comment on this story

Share