Miton Global Opportunites Plc - Block Listing Application
July 20 2017 - 5:21AM
PR Newswire (US)
20 July 2017
MITON GLOBAL
OPPORTUNITIES PLC
LEI:
21380075RRMI7D4NQS20
Block listing
application
The Board of Miton Global Opportunities plc (the “Company”)
announces that the Company has made an application to the UK
Listing Authority for a block listing of 2,527,998 ordinary shares
of 1p each ("Shares") to be admitted to the Official List and to
the London Stock Exchange for the Shares to be admitted to trading
on the premium segment of the Main Market.
The Company has an existing shareholder authority to issue up to
10 per cent. of the Company’s issued share capital on a
non-pre-emptive basis which was obtained at the AGM in September 2016. The Board has determined that
this authority may be utilised to satisfy market demand by issuing
new Shares at a small premium to NAV. This policy is intended to
ensure that the level of premium at which the Shares trade does not
reach excessive levels. In addition, growing the total assets under
management through Share issuance would reduce the ongoing costs
per Share and potentially enhance the secondary market liquidity of
the Shares.
The block listing is expected to become effective at
8 a.m. on Friday, 21 July 2017. Any issue of new Shares will be
notified by the Company through a RIS announcement and the
Company's website.
Enquiries:
Miton Trust Managers
Limited |
Tel: 020 3714
1474 |
Alternative Investment
Fund Manager
David Barron |
|
|
|
Numis Securities
Limited
Corporate Stockbroker
Nathan Brown |
Tel: 020 7260 1426 |
Frostrow Capital
LLP
Company Secretary
Katherine Manson |
Tel: 020 3709 8734 |
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