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26 February 2010
New City High Yield Fund
Unaudited statement of results for the half-year ended 31 December 2009
- Net asset value total return of 26.0 per cent since 1 July 2009.
- Ordinary share price total return of 22.2 per cent since 1 July 2009.
- Dividend yield of 6.9 per cent, based on dividends at an annualised rate of 3.65p and a share price of 53.25p at 31 December 2009.
- Ordinary share price at a premium of 3.7 per cent to published net asset value at 31 December 2009.
26 February 2010
City Natural Resources High Yield Trust
Unaudited results for the six months ended 31 December 2009
- Net asset value total return of 100.0 per cent since 1 January 2009
- Named 'Specialist Trust of the Year' for 2009 by Investment Week
- Net asset value total return of 36.2 per cent since 1 July 2009 compared to a total return of 42.2 per cent from the benchmark index
- Dividend increase of 12.7 per cent for the half year
- Ordinary share price total return since 1 July 2009 of 45.1 per cent
- Net asset value total return of 388.8 per cent since 1 August 2003 compared to a total return of 244.6 per cent from the benchmark index
- Ordinary share price total return since 1 August 2003 of 313.5 per cent
- Ordinary share price discount of 15.3 per cent to net asset value
01 February 2010
Weekly Net Asset Values
NCIM are pleased to announce that going forward the following funds will be releasing estimated NAVs on a weekly basis:
Geiger Counter Ltd
New City Energy Ltd
Golden Prospect Precious Metals Ltd
For further information please contact:
Adam Cooke – NCIM, Tel :02072015368
Nigel Carter – NCIM,Tel:02072015417
21 January 2010
New City High Yield Fund Limited
Second Interim Dividend
New City High Yield Fund Limited announces a second interim dividend of 0.85 pence per share (2009: 0.85 pence per share) payable on 26 February 2010 to shareholders on the register on 29 January 2010, having an ex-dividend date of 27 January 2010.
Enquiries:
Richard Lockwood - New City Investment Managers Limited, Tel: 0207 201 5365
Ian Francis - New City Investment Managers Limited, Tel: 0207 201 5366
21 January 2010
City Natural Resources High Yield Trust plc
Second Interim Dividend
City Natural Resources High Yield Trust plc announces a second interim dividend of 0.62 pence per share (2009: 0.55 pence per share) payable on 26 February 2010 to shareholders on the register on 29 January 2010, having an ex-dividend date of 27 January 2010.
This dividend of 0.62 pence represents a 12.7% increase on last year's second interim dividend of 0.55 pence.
For further information please contact:
Will Smith -
New City Investment Managers Ltd -
0207 201 5365
Martin Cassels -
F&C Asset Management plc -
0207 628 8000
22 December 2009
Geiger Counter Ltd
RELEASE OF REPORT AND FINANCIAL STATEMENTS
The Directors announce the release of the Annual Report and Financial Statements for the year ended 30 September 2009. Click here to view
22 December 2009
New City Energy Ltd
RELEASE OF REPORT AND FINANCIAL STATEMENTS
The Directors announce the release of the Annual Report and Financial Statements for the year ended 30th September 2009. Click here to view
15 December 2009
New City Energy Ltd
New City Energy Limited announces a first interim dividend for its financial year ending 30 September 2010 of 0.4 pence per share payable on 29 January 2010 to shareholders on the register on 29 December 2009, having an ex-dividend date of 23 December 2009.
This is directly in line with the dividend payment anticipated in the Prospectus published in February 2008.
Enquiries:
Adam Cooke – New City Investment Managers Limited, Tel: 0207 201 5368
Merfyn Roberts – New City Investment Managers Limited, Tel: 0207 201 5371
11 December 2009
New City High Yield Fund Limited
The Company announces that at the Annual General Meeting held on 10 December 2009, shareholders voted in favour of resolutions 1 to 8 and accordingly they were passed.
The full text of the resolutions can be found in the Notice of Annual General Meeting set out in the Report and Accounts for the year ended 30 June 2009, copies of which are available for viewing at the Document Viewing Facility of the Financial Services Authority.
For further information please contact:
Graeme Ross,
R&H Fund Services (Jersey) Limited
01534 825200
09 December 2009
City Natural Resources High Yield Trust plc
The Company announces that at the Annual General Meeting held on 8 December 2009, shareholders voted in favour of Resolutions 1 to 8 and 10 and accordingly they were passed. Resolutions 9 and 11 were withdrawn.
For further information please contact:
Martin A Cassels
F&C Investment Business Ltd
0207 628 8000
18 November 2009
Golden Prospect Precious Metals Limited ("GPPM" or the "Company")
£3.7 million placing of new ordinary shares
GPPM is pleased to announce it has raised approximately £3.7 million, before expenses, by way of a Placing (the "Placing") with institutional and other investors (including existing shareholders) of 6,099,000 new ordinary shares of £0.001 each in the Company (the "Placing Shares") at a price of 60 pence per Placing Share (the "Placing Price").
The net proceeds of the Placing will be used for investment purposes in accordance with the Company's stated investment strategy.
Application will be made for the Placing Shares to be admitted to the Daily Official List of the Channel Islands Stock Exchange ("CISX") and to trading on the International Bulletin Board, the market of that name operated by the London Stock Exchange (“ITBB”). Dealings in the Placing Shares are expected to commence on both the CISX and ITBB at 8:00a.m. on 20 November 2009.
Following the admission of the Placing Shares, the Company will have a total of 37,950,000 ordinary shares in issue.
Enquiries:
Legis Fund Services Limited
Patrick Farncombe
Tel: +44(0) 1481 732 157
Singer Capital Markets Limited
Jos Trusted
Richard Savage
Tel: +44(0) 203 205 7500
11 November 2009
City Natural Resources High Yield Trust plc
Listing of Ordinary Shares
3,932,914 ordinary shares of 25p each have been admitted to the Official List, this is following the exercise of 3,932,914 warrants. Trading on these additional shares is expected to commence on 13 November 2009 at 8.00am.
Following this listing there are now 66,857,143 ordinary shares of 25p in issue.
The above figure (66,857,143) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, City Natural Resources High Yield Trust plc under the FSA's Disclosure and Transparency Rules.
Martin A Cassels
For F&C Asset Management plc
Secretaries
0207 628 8000
23 October, 2009
GEIGER COUNTER LIMITED
CREDIT SUISSE SECURITIES (EUROPE) LIMITED REPLACES ALLIED IRISH BANK PLC AS PRIMARY SOURCE OF FINANCE
The Directors are pleased to announce that, with immediate effect, Geiger Counter Limited has entered into a finance agreement with Credit Suisse Securities (Europe) Limited (“Credit Suisse”).
Credit Suisse has agreed to replace the Company’s existing £5m loan facility with Allied Irish Bank plc, the cost of which is LIBOR + 2.5%, with a flexible facility which will allow gearing to be put in place at a cost of LIBOR + 1.75%.
Under the terms of this agreement Credit Suisse Securities (Europe) Limited will also provide Geiger Counter Limited with the following services:
- Execution of transactions
- Clearance and settlement
- Custody of investments and cash
The Chairman, George Baird, said: “At a time of great excitement in the uranium market this is a most positive development, which enhances shareholders’ prospects.”
Enquiries:
Phil Brown: (Tel: 01534 825364)
Richard Lockwood: (Tel: 020 7201 5365).
16 October 2009
GOLDEN PROSPECT PRECIOUS METALS LIMITED (the “COMPANY”)
Reminder of subscription rights (click here for details)
A circular has been posted to the holders of the Company's
outstanding warrants in which they are reminded that they have the
right, subject to and in accordance with the terms and conditions on
which the warrants were issued, to exercise on 16 November 2009 all or
any of the subscription rights conferred by their Warrants.
Enquiries:
Patrick Farncombe
Legis Fund Services Limited
T: 01481 732157
30 September 2009
GOLDEN PROSPECT PRECIOUS METALS LIMITED (the “COMPANY”)
Further to the announcement released on 21 September 2009, the Directors of the Company confirm that;
- the change of Administrator, Company Secretary and Registered Office to Legis Fund Services Limited, 1 le Marchant Street, St Peter Port, Guernsey
- and the change of Channel Islands Stock Exchange Listing Sponsor to Legis Fund Services Limited
will all be effective from 1 October 2009.
The change of Custodian to Credit Suisse Securities (Europe) Limited, was effective 24 September 2009.
21 September 2009
GOLDEN PROSPECT PRECIOUS METALS LIMITED (the “COMPANY”)
Change of Custodian
The Directors of the Company wish to announce the appointment of Credit Suisse Securities (Europe) Limited in succession to Northern Trust (Guernsey) Limited as Custodian of the Company.
Credit Suisse Securities (Europe) Limited is incorporated in the United Kingdom (company number 891554).
Change of Administrator, Company Secretary & Registered Office Address
The Directors of the Company wish to announce the appointment of Legis Fund Services Limited as Administrator and Company Secretary to the Company, in succession to Northern Trust International Fund Administration Services (Guernsey) Limited. Legis Fund Services Limited has been appointed to fulfill these duties subject to GFSC approval of the variation of authorisation granted to the Company on 6 May 2009.
The new registered office address will be 1 Le Marchant Street, St. Peter Port, Guernsey, GY1 4HP subject to GFSC approval of the variation of authorisation granted to the Company on 6 May 2009.
Change of Channel Islands Stock Exchange (“CISX”) Sponsor
The Directors of the Company wish to announce the appointment of Legis Fund Services Limited as Sponsor of the Company’s CISX listing in succession to Northern Trust International Fund Administration Services (Guernsey) Limited. Legis Fund Services Limited, a company incorporated in Guernsey, whose registered office is at 1 Le Marchant Street, St. Peter Port, Guernsey, GY1 4HP will assume the responsibility as Sponsor of the Company’s CISX listing subject to GFSC approval of the variation of authorisation granted to the Company on 6 May 2009.
For further information please contact:
Adam Cooke
New City Investment Managers Limited
+44 (0) 207 201 5368
Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
+44 (0) 1481 745498
27 July 2009
CITY NATURAL RESOURCES HIGH YIELD TRUST PLC
("City Natural Resources" or "the Company")
INCREASED DIVIDEND PAYMENT
City Natural Resources today announces a fourth interim dividend of 1.42p payable on 28 August 2009 to shareholders on the register as at 7 August 2009 with an ex-dividend date of 5 August 2009. This latest dividend payment is in line with the Company's progressive dividend policy which has paid an increased dividend each year since inception as shown below:
|
Financial year |
Total dividend |
|
|
% increase |
|
|
|
|
|
|
|
|
|
|
|
2004/05 |
2.00p |
|
|
- |
|
|
|
2005/06 |
2.15p |
|
|
7.5% |
|
|
|
2006/07 |
2.35p |
|
|
9.3% |
|
|
|
2007/08 |
2.65p |
|
|
12.8% |
|
|
|
2008/09 |
3.07p |
|
|
15.8% |
|
|
Geoff Burns, Chairman of City Natural Resources, commented: "With many corporates now either unable or unwilling to pay dividends, we are pleased to reward our loyal shareholders with this 15.8% dividend increase. Our managers continue to identify investments which produce solid income from profitable operations and we look forward to reporting to shareholders again in the autumn."
Richard Lockwood, Manager of City Natural Resources, added: "We invest in resources and high yield investments and believe strongly in the importance of generating both capital and dividend growth for shareholders. This policy continues. City Natural Resources invests across the resources universe in precious metals, base metals and energy as well as soft commodity securities."
Contacts:
New City Investment Managers Ltd
Richard Lockwood 0207 201 5365
F&C Asset Management plc 0131 718 1095
Martin Cassels
Threadneedle Communications
Beth Harris/Laurence Read 0207 653 9850
Notes to Editors:
City Natural Resources is managed by Richard Lockwood and Merfyn Roberts of New City Investment Managers Limited and has a market capitalisation of £85m.
23 July 2009
New City High Yield Fund Limited - Fourth Interim Dividend
New City High Yield Fund Limited announces a fourth interim dividend of 1.1 pence per share (2008: 1.02 pence per share) payable on 28 August 2009 to shareholders on the register on 31 July 2009, having an ex-dividend date of 29 July 2009.
All Enquiries:
Richard Lockwood - New City Investment Managers Limited, Tel: 0207 201 5365
Ian Francis - New City Investment Managers Limited, Tel: 0207 201 5366
30 June 2009
New City High Yield Fund (the "Company")
Result of issue of Ordinary Shares
Further to the announcement on 25 June 2009, the board of New City
High Yield Fund Limited announces that 13,936,600 ordinary shares
of no par value ("Ordinary Shares") have been issued under
the Company's block listing facility by means of a placing by Intelli
Stockbrokers with institutional and other investors (the "Placing").
The Company's issued share capital now comprises 153,303,028 Ordinary
Shares.
All Enquiries:
Chris Whittingslow/Richard Howell
Intelli Stockbrokers
Tel: 020 7653 6300
Nigel Carter
New City Investment Managers Limited
Tel: 020 7201 5417
5 June 2009
Golden Prospect Precious Metals Limited ("GPPM" or
the "Company")
Result of Annual General Meeting and Warrantholders Meeting
Admission to ITBB/International Bulletin Board of the London Stock
Exchange
Golden Prospect Precious Metals Limited (“GPPM” or the
“Company”) announces that at the Annual General Meeting
of the Company held at 11:00 a.m. today, all resolutions set out
in the notice of the Meeting dated 14 May 2009 were duly passed,
including the special resolution to approve the cancellation of
the trading on AIM in the Company’s ordinary shares of £0.001
each (“Ordinary Shares”) by the requisite 75% majority
of Shareholders (as required by the AIM Rules for Companies (the
“AIM Rules”)).
In addition, the Company announces that at the separate Warrantholders
Meeting held immediately following the conclusion of the Company’s
Annual General Meeting today, the extraordinary resolution (set
out in the notice of the Meeting dated 14 May 2009) to approve the
cancellation of the trading on AIM in the Company’s warrants
to subscribe for Ordinary Shares (the “Warrants”) was
also passed by the requisite 75% majority of Warrantholders (as
required by the AIM Rules).
It is therefore expected that the last day of trading in the Company’s
Ordinary Shares and Warrants on AIM will be Monday, 15 June 2009
and that the cancellation of the trading on AIM in the Company’s
Ordinary Shares and Warrants (“AIM Cancellation”) will
take place at 7.00 am. on Tuesday, 16 June 2009.
The Company also announces that the London Stock Exchange has agreed
to admit the Company’s Ordinary Shares and Warrants to trading
on the International Bulletin Board of the London Stock Exchange
(the “ITBB”), the order-driven trading service for international
securities, and it is anticipated that such admission will become
effective (“ITBB Admission”) at 8.00 a.m. on Tuesday,
16 June 2009.
Neither the AIM Cancellation nor the ITBB Admission will affect
the listing of the Company’s Ordinary Shares and Warrants on
the Channel Islands Stock Exchange (“CISX”), which will
continue unaffected.
All Enquiries:
Northern Trust International Fund
Administration Services (Guernsey) Limited
Tel: +44(0) 1481 745 341
Gillian Newton
Singer Capital Markets Limited
Jos Trusted
Tel: +44(0) 203 205 7500
9 April 2009
Golden Prospect Precious Metals Limited ("GPPM" or
the "Company")
£7.6 million placing of new ordinary shares
GPPM is pleased to announce it has raised approximately £7.6
million, before expenses, by way of a Placing (the "Placing")
with institutional and other investors (including existing shareholders)
of 18,924,294 new ordinary shares of £0.001 each in the Company
(the "Placing Shares") at a price of 40 pence per Placing
Share (the "Placing Price").
The net proceeds of the Placing will be used for investment purposes
in accordance with the Company's stated investment strategy.
Application has been made for the Placing Shares to be admitted
to the Daily Official List of the Channel Islands Stock Exchange
("CISX") and to trading on AIM, the market of that name
operated by the London Stock Exchange ("AIM"). Dealings
in the Placing Shares are expected to commence on both the CISX
and AIM at 8:00a.m. on 14 April 2009.
Following the admission of the Placing Shares, the Company will
have a total of 31,851,000 ordinary shares in issue.
As part of the Placing, Malcolm Burne acquired 62,500 shares at
the Placing Price. Following this acquisition, Mr Burne holds 137,500
ordinary shares in the Company, representing 0.43% of the Company's
issued share capital (following the admission of the Placing Shares).
All Enquiries:
Northern Trust International Fund Administration Services (Guernsey)
Limited
Cara De La Mare
Tel: +44(0) 1481 745 798
Singer Capital Markets Limited
Jos Trusted
Tel: +44(0) 203 205 7500
15 September 2008
Golden Prospect Precious Metals Limited (“GPPM”)
Further to the announcement on 28 July 2008 that the Board of GPPM
was considering the appointment of CQS Cayman Limited Partnership,
acting through it’s General Partner CQS Cayman General Partner
(“CQS”) and New City Investment Managers Limited (“NCIM”)
as new investment managers to GPPM, the Board of Directors of GPPM
would like to confirm the novation of the Investment Management
Agreement to CQS and NCIM.
The novation of the Investment Management Agreement will be effective
from 15 September 2008, under the existing terms and fee structure,
and the Board would like to confirm that no costs have been incurred
by GPPM in completing the appointment of CQS and NCIM.
CQS will delegate the Investment Management function to NCIM, which
is a UK company, authorised by the Financial Services Authority
(registration number 408091). NCIM manages or advises three investment
companies specialising in the resources sector. Additional information
on NCIM can be obtained from their website www.ncim.co.uk. NCIM
joined CQS in October 2007. The CQS Group is an alternative asset
manager with assets of $9.7bn under management and advice as at
1 September 2008.
The Board of GPPM would like to confirm that the original strategy
outlined in the Offering Memorandum remains unchanged and we would
like to thank investors for their continued support.
All Enquiries:
Gillian Newton/Andrew Maiden
Northern Trust International Fund Administration Services (Guernsey)
Limited
Company Secretary
Tel: +44 (0) 1481 745 341 / +44 (0) 1481 745 368
Hugh Field
Collins Stewart Europe Limited
Nomad
+44 (0) 207 523 8325 |
