PGIZ Pgit Secs 2020

 
TIDMPGIZ TIDMPMGZ 
 
30 November 2020 
 
PGIT Securities 2020 plc (the "Company") (in members' voluntary liquidation) 
 
Update on the Scheme, Result of Second General Meeting,  Cancellation of 
Reclassified Shares from Trading and issue of New ZDP Shares in PMGR Securities 
2025 PLC 
 
The Company announces that the Second General Meeting of the Company was held 
earlier today at which special and ordinary resolutions were proposed and 
unanimously passed. 
 
Accordingly, the Company has been placed into members' voluntary liquidation 
and Vincent Green and Mark Newman of Crowe U.K. LLP, 4 Mount  Ephraim Road, 
Tunbridge Wells, Kent TN1 1EE have been appointed as joint liquidators. As a 
result the Scheme will become effective today. 
 
The Company's Reclassified Shares with ISIN GB00BN7CH425 and GB00BN7CH532 were 
duly suspended at 7.30 a.m. this morning. 
 
Application has been made to the FCA and the London Stock Exchange for the 
listing and admission to trading of the Reclassified Shares to be cancelled. It 
is expected that such cancellation will take place at 8.00 a.m. on 1 December 
2020. 
 
Pursuant to the elections made by ZDP Shareholders on 20 November 2020 and the 
result of the First General Meeting and the result of the ZDP elections 
announced on 23 November 2020, ZDP Shareholders holding ZDP Shares with "A" 
rights (ISIN  GB00BN7CH425) will receive New ZDP Shares in PMGR Securities 2025 
plc on the winding-up of PGIT Securities 2020 plc and those ZDP Shareholders 
holding ZDP Shares with "B" rights (ISIN GB00BN7CH532) will receive cash on the 
winding-up of PGIT Securities 2020 plc. 
 
14,217,339 New ZDP Shares in PMGR Securities 2025 plc are expected to be issued 
to satisfy ZDP Shareholders holding ZDP Shares with "A" rights and to new ZDP 
shareholders who have participated in the Placing pursuant to the Result of 
Placing announcement made on 27 November. Application has been made for the New 
ZDP Shares of PMGR Securities 2025 plc to be admitted to the standard listing 
segment of the Official List and to trading on the Main Market of the London 
Stock Exchange. Dealings in the New ZDP Shares of PMGR Securities 2025 plc are 
expected to commence on 1 December 2020. The New ZDP Shares will trade using 
the ticker PMGZ and under ISIN GB00BNG43G36. 
 
ZDP Shareholders who elected or are deemed to have elected for the Cash Option 
will be credited through the CREST system or sent cheques as soon as 
practicable from 1 December 2020. 
 
A copy of the shareholder resolutions have been submitted to the National 
Storage Mechanism and will shortly be available for inspection at https:// 
data.fca.org.uk/#/nsm/nationalstoragemechanism. 
 
Terms used in this announcement shall have the same meaning as in the Circular. 
 
Contact: 
 
Premier Fund Managers Limited 
 
01483 306090 
 
Claire Long (claire.long@premiermiton.com) 
 
James Smith (james.smith@premiermiton.com) 
 
N+1 Singer 
 
020 7496 3000 
 
James Maxwell (james.maxwell@n1singer.com) 
 
Iqra Amin (iqra.amin@n1singer.com) 
 
 
 
END 
 

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November 30, 2020 07:08 ET (12:08 GMT)

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