Alpha Real Trust Limited Results of Scrip Dividend Alternative Election (4981K)
January 04 2021 - 10:00AM
UK Regulatory
TIDMARTL
RNS Number : 4981K
Alpha Real Trust Limited
04 January 2021
LEI: 213800BMY95CP6CYXK69
4 January 2021
ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE
"COMPANY")
RESULTS OF SCRIP DIVIDEND ALTERNATIVE ELECTION
Scrip dividend alternative elections were received in respect of
49,443,235 shares representing a take up of 79% of the Company's
share capital as at the record date for the dividend. This will
result in the issue of 320,235 new ordinary shares (approximately
0.5% of the current issued share capital). These shares will be
issued at a price of 154.4 pence each and will rank pari passu in
all respects with the Company's existing issued ordinary
shares.
An application has been made to the London Stock Exchange for
these shares to be admitted to trading on the Specialist Fund
Segment of the London Stock Exchange's Main Market. It is expected
that admission will occur on 8 January 2021.
Following the issue of these shares, the ordinary share capital
of the Company will be 62,746,007 (including 1,940,797 Ordinary
Shares held in treasury) and the total voting rights in the Company
will be 60,805,210 with effect from 8 January 2021. The figure of
60,805,210 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, ART
under the FCA's Disclosure and Transparency Rules.
Share certificates will be posted to certificated shareholders
who elected for scrip dividend shares and shareholders holding
shares in CREST, who elected for scrip dividend shares, will have
their CREST accounts credited directly on 8 January 2021.
For further information please contact:
Alpha Real Trust Limited
David Jeffreys, Chairman, Alpha Real Trust +44 (0) 1481 742 742
Brad Bauman, Joint Fund Manager, Alpha Real Trust +44 (0) 20 7391 4700
Panmure Gordon, Broker to the Company
Atholl Tweedie +44 (0) 20 7886 2500
Further information on the Company can be found on the Company's
website: www.alpharealtrustlimited.com .
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END
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