AVI Global Trust PLC Proposed Share Sub-division (7183R)
09 Novembre 2021 - 8:15AM
UK Regulatory
TIDMAGT
RNS Number : 7183R
AVI Global Trust PLC
09 November 2021
AVI GLOBAL TRUST PLC (the "Company")
Proposed Share Sub-division
In the annual results announcement issued today, 9 November
2021, the Company announced that shareholders will be requested at
the Annual General Meeting to be held on 16 December 2021 to
approve the sub-division of each existing ordinary share of 10p
each into five new ordinary shares of 2p each.
The sub-division is conditional on approval by shareholders at
the Annual General Meeting and is also conditional on the new
ordinary shares being admitted to the Official List of the
Financial Conduct Authority and to trading on the London Stock
Exchange's main market for listed securities. Applications for such
admissions are being made and it is expected that such admissions
will become effective, and that dealings in the new ordinary shares
will commence, at 8.00am on Monday, 17 January 2022, at which time
the sub-division will become effective. The last day of trading in
the existing ordinary shares is expected to be Friday, 14 January
2022 and the record date for the sub-division is 6.00pm on that
date (the 'Record Date').
Shareholders will receive five new ordinary shares in exchange
for each existing ordinary share held at the Record Date. CREST
accounts are expected to be credited with new ordinary shares on
Monday, 17 January 2022 and share certificates in respect of the
new ordinary shares are expected to be posted to shareholders no
later than 31 January 2022.
The ticker for the new ordinary shares will remain the same as
the ticker for the existing ordinary shares (AGT). The new ordinary
shares will rank pari passu with each other and will be subject to
the same rights and restrictions as the existing ordinary shares. A
holding of new ordinary shares following the sub-division will
represent the same proportion of the issued ordinary share capital
of the Company as the corresponding holding of existing ordinary
shares immediately prior to the sub-division.
The new shares will trade under a new ISIN and a new SEDOL,
which will be provided in advance of the sub-division becoming
effective.
Jefferies International Limited is acting on behalf of the
Company in relation to the proposed sub-division. Further details
of the proposed sub-division are set out in the Company's Annual
Financial Report and Accounts for the year to 30 September
2021.
Link Company Matters Limited
Secretary
09 November 2021
LEI: 213800QUODCLWWRVI968
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