Merchants Trust PLC Issue of Equity (1595A)
May 24 2019 - 5:58AM
UK Regulatory
TIDMMRCH
RNS Number : 1595A
Merchants Trust PLC
24 May 2019
24 May 2019
The Merchants Trust PLC
In accordance with the policy announced on 19 March 2019, the
Company has today issued 150,000 new ordinary shares of 25p each
from the Company's general corporate purposes block listing
facility at a price of 480.75p per share. This represents a premium
of 1.01% to the current net asset value. These shares are issued
under the waiver of pre-emption rights authorised by shareholders
at the annual general meeting and rank pari passu with existing
shares in issue.
Following this issue, the Company has the ability to issue
3,616,344 ordinary shares under its block listing facility. As a
result of this allotment, the total number of ordinary shares in
issue now stands at 109,478,464.
The above figure (109,478,464) 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, the Company under the FCA's Disclosure and
Transparency Rules.
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END
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