In addition, it was decided by the Board that BNP Paribas COMAC
Preference Shares would be redeemed early. Therefore, all BNP
Paribas COMAC Preference Shares in issue were compulsorily
redeemed.
The redemption value per BNP Paribas Class A Sterling Hedged US
High Income Preference Share was 32.15 pence, resulting in
redemption proceeds and distributions to holders of BNP Paribas
Class A Sterling Hedged US High Income Preference Shares of
GBP29,729,101. The net realised loss on this redemption was
GBP63,213,386.
The redemption value per BNP Paribas Class B Hedged US High
Income Preference Share was 36.79 cents, resulting in redemption
proceeds and distributions to holders of BNP Paribas Class B
Sterling Hedged US High Income Preference Shares of $21,462,267.
The net realised loss on this redemption was GBP17,318,966.
The redemption value per BNP Paribas Agrinvest Preference Share
was 106.776 pence, resulting in redemption proceeds and
distributions to holders of BNP Paribas Agrinvest Preference Shares
of GBP50,426,017.16. The net realised gain on this redemption was
GBP909,121.16.
The redemption value per BNP Paribas COMAC Preference Share was
67.14 pence, resulting in redemption proceeds and distributions to
holders of BNP Paribas COMAC Preference Shares of GBP17,138,162.44.
The net gain on this redemption was GBP8,387,846.56.
9 ULTIMATE CONTROLLING PARTY
The ultimate controlling party is BNP Paribas Arbitrage SNC as
holder of the two Ordinary Shares in issue.
10 SUBSEQUENT EVENTS
On 29 November 2013 JTC Group acquired Anson Fund Managers
Limited, the Administrator and Secretary of the Company. The
Administrator and Secretary subsequently changed its name to JTC
Fund Managers (Guernsey) Limited. John R Le Prevost is no longer a
director of the Administrator and Secretary.
There were no other subsequent events which require disclosure
in and adjustment to these financial statements.
SCHEDULE OF INVESTMENTS
as at 31 October 2013
As at 31 October 2013
NOMINAL VALUATION TOTAL NET
ASSETS
GBP %
US High Income - Class
A
BNP Paribas Index Derivative
Contract GBP 92,469,987 - 0.00%
US High Income - Class
B
BNP Paribas Index Derivative
Contract USD 58,337,229 - 0.00%
BNP Paribas Agrinvest
BNP Paribas Index Derivative
Contract GBP 47,225,896 - 0.00%
Enhanced Property Recovery
BNP Paribas Index Derivative
Contract GBP 30,125,000 23,879,485 9.82%
Energy - Base Metals (3)
BNP Paribas Index Derivative
Contract GBP 49,587,600 49,251,396 20.25%
Enhanced Income
BNP Paribas Index Derivative
Contract GBP 39,999,346 38,641,768 15.89%
UK Enhanced Income
BNP Paribas Index Derivative
Contract GBP 49,015,722 45,791,547 18.42%
BNP Paribas COMAC
BNP Paribas Index Derivative
Contract GBP 25,526,009 - 0.00%
US Enhanced Income - Class
A Sterling Hedged
BNP Paribas Index Derivative
Contract GBP 48,500,080 54,869,111 22.55%
US Enhanced Income - Class
B US Dollar Unhedged
BNP Paribas Index Derivative
Contract USD 45,079,125 31,785,739 13.07%
------------ ----------
TOTAL 243,219,046 100.00%
============ ==========
SCHEDULE OF INVESTMENTS
as at 31 October 2012
As at 31 October 2012
NOMINAL VALUATION TOTAL NET
ASSETS
GBP %
US High Income - Class
A
BNP Paribas Index Derivative
Contract GBP 92,469,987 29,448,917 8.34%
US High Income - Class
B
BNP Paribas Index Derivative
Contract USD 58,337,229 13,901,948 3.94%
BNP Paribas Agrinvest
BNP Paribas Index Derivative
Contract GBP 47,225,896 58,238,503 16.50%
Enhanced Property Recovery
BNP Paribas Index Derivative
Contract GBP 30,125,000 22,161,757 6.28%
Energy - Base Metals (3)
BNP Paribas Index Derivative
Contract GBP 49,587,600 49,961,986 14.16%
Enhanced Income
BNP Paribas Index Derivative
Contract GBP 39,999,346 36,712,200 10.40%
UK Enhanced Income
BNP Paribas Index Derivative
Contract GBP 49,015,722 43,363,719 12.29%
BNP Paribas COMAC
BNP Paribas Index Derivative
Contract GBP 25,526,009 18,534,435 5.25%
US Enhanced Income - Class
A Sterling Hedged
BNP Paribas Index Derivative
Contract GBP 48,500,080 51,096,774 14.48%
US Enhanced Income - Class
B US Dollar Unhedged
BNP Paribas Index Derivative
Contract USD 45,079,125 29,518,398 8.36%
------------ ----------
TOTAL 352,938,637 100.00%
============ ==========
DIRECTORS AND SERVICE PROVIDERS
Directors Investment Manager
Francois-Xavier Foucault THEAM
John Reginald Le Prevost 1 Boulevard Haussmann
Trevor Hunt 75009-Paris
Youri Siegel France
---------------------------------- -----------------------------------
Administrator and Secretary Solicitors to the Company (English
JTC Fund Managers (Guernsey) Law)
Limited Clifford Chance LLP
PO Box 156 10 Upper Bank Street
Frances House, Sir William London E14 5JJ
Place, England
St. Peter Port
Guernsey GY1 4EU
---------------------------------- -----------------------------------
Independent Auditors Advocates to the Company (Guernsey
PricewaterhouseCoopers CI LLP Law)
Royal Bank Place Mourant Ozannes
1 Glategny Esplanade 1 Le Marchant Street
St. Peter Port St. Peter Port
Guernsey GY1 4ND Guernsey GY1 4HP
---------------------------------- -----------------------------------
Custodian Registrar, Transfer Agent &
BNP Paribas Securities Services, Paying Agent
Luxembourg Branch Anson Registrars Limited
33, Rue de Gasperich PO Box 426
Howald-Hesperange Anson Place
L-2085 Luxembourg Mill Court
La Charroterie
St Peter Port
Guernsey GY1 3WX
---------------------------------- -----------------------------------
Investment Counterparty Registered Office
BNP Paribas PO Box 156
10 Harewood Avenue Frances House
London NW1 6AA Sir William Place
England St Peter Port
Guernsey GY1 4EU
---------------------------------- -----------------------------------
SHAREHOLDER INFORMATION
Shares of all cells are listed on the Channel Islands Securities
Exchange Authority and may be dealt in directly through a
stockbroker or professional adviser acting on an investor's behalf.
The buying and selling of such shares may be settled through CREST.
Announcements to holders of such shares and daily market closing
prices are available on Bloomberg, Reuters and the Channel Islands
Securities Exchange Authority's web-site.
Further information relating to such shares is available from
BNP Paribas, telephone 44 (0)207 595 8442 or e-mail
HAREWOOD_SOLUTIONS@bnpparibas.com, and from JTC Fund Managers
(Guernsey) Limited, telephone 44 (0)1481 702 400 or e-mail:
fundservicesgsy@jtcgroup.com.
The Interim Financial Report for the period ending 30 April 2014
is intended to be made public in June 2014 and sent to shareholders
as soon as possible thereafter.
REGISTRAR ENQUIRIES
The Company's registrar is Anson Registrars Limited in Guernsey
and they can be contacted on telephone 44 (0)1481 711301.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR QKNDBOBKDOBD
UK Enhanced In (LSE:UKE)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
UK Enhanced In (LSE:UKE)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024
