THE MERCHANTS TRUST PLC | Regulatory Story | |||
| Go to market news section | |||
|
LEI: 5299008VJFXCUD2EG312
12 March 2020
The Merchants Trust PLC
In accordance with the policy announced on 19 March 2019, the Company has today issued 400,000 new ordinary shares of 25p eachfrom the Company's general corporate purposes block listing facility at a price of 378p per share. This represents a premium of 1.1% 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 20,766,344 ordinary shares under its block listing facility. As a result of this allotment, the total number of ordinary shares in issue now stands at 114,428,464.
The above figure (114,428,464) 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.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
| London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. |
| ©2014London Stock Exchange plc. All rights reserved |
Block listing - allotment of new shares - RNS
Attachments
- Original document
- Permalink
Disclaimer
The Merchants Trust plc published this content on 12 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2020 11:15:27 UTC
