Global Resources Investment Tst PLC Major Shareholding (8700J)
December 24 2020 - 6:40AM
UK Regulatory
TIDMGRIT
RNS Number : 8700J
Global Resources Investment Tst PLC
24 December 2020
Market Abuse Regulation (MAR) disclosure
Certain statements in this announcement contain inside
information for the purpose of Article 7 of EU Regulation
596/2014.
Global Resources Investment Trust PLC
("GRIT" or "the Company")
Major shareholding
The Company announces that it has been advised by Mr Peter
Yunghanns, the beneficial owner of 12,561,896 ordinary shares in
GRIT, representing 29.93% of the current issued share capital of
the Company (24.95% on completion of the issue of shares approved
at the General Meeting on 21 December 2020), that on 21 December
2020 he entered into a conditional contract for the sale of the
whole of his shareholding to Peterhouse Capital Limited
("Peterhouse"), the Company's broker. We are further advised by
Peterhouse that, as part of the completion process, it intends to
place all or a material proportion of the shares with third party
clients.
The contract for sale is conditional upon and will take effect
from the lifting of the suspension of trading in the Company's
shares. If this has not been achieved by 1 March 2021 the vendor
has the right to terminate the contract for sale.
It is anticipated that the vendor and the purchaser will file
the appropriate notifications of major shareholdings on completion
of the share transfer.
The Directors accept responsibility for this announcement.
For further information, please contact:
Global Resources Investment Tel: +44 (0) 203 198 2554
Trust PLC
James Normand
---------------------------
Beaumont Cornish Ltd Tel: +44 (0) 207 628 3396
---------------------------
Roland Cornish
Felicity Geidt
---------------------------
Peterhouse Capital Limited Tel: +44 (0) 207 469 0930
---------------------------
Lucy Williams
Duncan Vasey
Heena Karani
---------------------------
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END
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