BLACKROCK FRONTIERS INVESTMENT TRUST
PLC
Statement re Investment of C Share
Proceeds
LEI: 5493003K5E043LHLO706
24 December
2018
BlackRock Frontiers Investment Trust plc (the “Company”) has
been informed by the Manager that as at 24 December, over 85 per
cent. of the Net Proceeds of the recent issue of C Shares have been
invested in accordance with the Company's investment policy.
In the absence of unforeseen circumstances the Company expects
the Calculation Date, being the date of which the Conversion Ratio
is calculated, to fall on 7 January
2019 and the Record Date for the transaction to fall on
11 January 2019. The Ordinary Shares
arising on Conversion will rank pari passu with, and will
have the same rights as, the Ordinary Shares of the Company already
in issue, including the right to receive dividends declared
subsequent to Admission. For the avoidance of doubt holders of C
Shares will not be entitled to the final 2018 dividend in respect
of the year ended 30 September 2018,
which is payable to Ordinary Shareholders on the register on the
record date of 4 January 2019.
The last day for trading in the C Shares on the London Stock
Exchange for normal settlement (in order to enable settlement prior
to Conversion) will be 9 January
2019.
The Company intends to make a further announcement in due course
setting out the Conversion Ratio applying to the Conversion of C
Shares into Ordinary Shares and the expected date when such
conversion will occur.
Unless otherwise defined, capitalised terms in this announcement
shall have the meaning given to them in the Prospectus.
Enquiries:
BlackRock Investment Management (UK)
Limited 020
7743 3000
Simon White
Kevin Mayger
Winterflood Securities
020 3100 0000
Neil Morgan