3 May 2023
NB Distressed Debt Investment Fund Limited
Capital Distribution Update
NB Distressed Debt Investment Fund Limited (the "Company") announces that, in connection with the capital distribution for the Extended Life ("NBDX") and Global ("NBDG") Share Classes announced on 17 April 2023, the Company has compulsorily redeemed on a pro rata basis 8,487,514 NBDX shares at a price of $0.9602 per NBDX share and 3,201,911 NBDG shares at a price of £0.6762 per NBDG share for cancellation.
Fractions of shares produced by the applicable redemption ratios have not been redeemed and therefore the number of shares redeemed in respect of each shareholder has been rounded down to the nearest whole number of shares.
Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 17 May 2023. Any certificates currently in circulation will be superseded by a new certificate which will be distributed to shareholders by 16 May 2023.
Following the redemption, the Company has 15,382,770 NBDD, 51,628,502 NBDX and 27,821,698 NBDG Shares in issue. Therefore, the total number of voting rights in the Company is 94,832,970.
The new ISINs, GG00BNTXRC15 for the NBDX shares and GG00BNTXRB08 for the NBDG shares, in respect of the remaining shares which have not been redeemed have been enabled and available for transactions on 3 May 2023.
LEI: YRFO7WKOU3V511VFX790
For further information, please contact:
| KL Communications Charles Gorman
| +44 (0) 20 3995 6673 nbdd@kl-communications.com |
| Jefferies International Limited Gaudi Le Roux
| +44 (0) 20 7029 8000 gleroux@jefferies.com
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
