Merchants Trust PLC Block Listing - Allotment of New Shares (5518B)
June 02 2023 - 10:32AM
UK Regulatory
TIDMMRCH
RNS Number : 5518B
Merchants Trust PLC
02 June 2023
LEI: 5299008VJFXCUD2EG312
2 June 2023
The Merchants Trust PLC
In accordance with the policy announced on 19 March 2019, the
Company has today issued 50,000 new ordinary shares of 25p each
from the Company's general corporate purposes block listing
facility at the prices below. The issuances each represented a
premium of at least 1% to the prevailing 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.
1. 25,000 at 551.82p per share
2. 25,000 at 552.17p per share
Following this issue, the Company has the ability to issue
10,579,921 ordinary shares under its block listing facility. As a
result of this allotment, the total number of ordinary shares in
issue now stands at 146,514,887.
Shareholders may use the figure 147,692,887 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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