Merchants Trust PLC Block listing - Allotment of new shares (4583F)
November 16 2020 - 7:09AM
UK Regulatory
TIDMMRCH
RNS Number : 4583F
Merchants Trust PLC
16 November 2020
LEI: 5299008VJFXCUD2EG312
16 November 2020
The Merchants Trust PLC
In accordance with the policy announced on 19 March 2019, the
Company has today issued a further 400,000 new ordinary shares of
25p each from the Company's general corporate purposes block
listing facility at a price of 419.9p per share. This represents a
premium of 1% to the current net asset value. These shares are
issued under the waiver of pre-emption rights authorised by
shareholders at the general meeting and rank pari passu with
existing shares in issue.
Following this issue, the Company has the ability to issue
15,224,921 ordinary shares under its block listing facility. As a
result of this allotment, the total number of ordinary shares in
issue now stands at 119,869,887.
The above figure (119,869,887) 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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