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GRIT Investment Trust PLC received conversion notices from noteholders for £75,035.95 convertible loan notes, issued in July 2021 at 2.5 pence per share, resulting in 3,001,438 Ordinary Shares. An application will be made for these shares to be admitted to the Official List, with admission and dealing expected to commence on or around 13 April 2023. Following admission, the Company will have 18,198,295 ordinary shares in issue.
| Date | 6 Apr 2023 |
| Time | 12:52:59 |
| Category | Corporate updates |
| ID | 6660V |
GRIT INVESTMENT TRUST PLC
("GRIT" or the "Company")
Conversion of Loan Notes
GRIT has received conversion notices from noteholders converting £75,035.95 convertible loan notes, issued in July 2021, at a price of 2.5 pence ("CLNs"), into 3,001,438 Ordinary Shares ("CLN Shares").
An application will be made for the 3,001,438 CLN Shares to be admitted to the Official List of the UK Listing Authority by way of a Premium Listing ("Admission") and it is expected that Admission will become effective and that dealing in the CLN Shares will commence on or around 8am on 13 April 2023. The CLN Shares will rank pari passu with the existing ordinary shares of the Company.
Following Admission, the Company will have 18,198,295 ordinary shares of 0.025p each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 18,198,295.
The above figure of 18,198,295 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
The Directors of the Company accept responsibility for the contents of this announcement.
-ENDS-
For further information, please contact:
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GRIT Investment Trust Plc Martin Lampshire Tel: +44 (0) 20 3198 2554 |
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Peterhouse Capital Limited Lucy Williams/Duncan Vasey Tel: +44 (0)20 7469 0930
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