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| TIDM | NAS |
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North Atlantic Smaller Companies Investment Trust PLC (NASCIT) shareholders approved a ten-for-one share split of its Ordinary Shares at the Annual General Meeting held on 12 June 2025. This will convert the current 13,186,249 Ordinary shares of 5 pence each into 131,862,490 New Ordinary shares of 0.5 pence each. The Share Split becomes effective and dealings in the New Ordinary Shares commence at 8.00am on 13 June 2025.
| Date | 12 Jun 2025 |
| Time | 13:50:44 |
| Category | Capital structure |
| ID | 6392M |
12 June 2025
North Atlantic Smaller Companies Investment Trust PLC
("NASCIT" or the "Company")
Share Split and Total Voting Rights
As a result of Resolution 13 having been passed at the Annual General Meeting held today (the "AGM"), shareholders have approved the proposed subdivision of the Company's Ordinary Shares on a ten for one basis (the "Share Split") which will take effect from 13 June 2025. The Company announces it currently has in issue 13,186,249 Ordinary shares of 5 pence each in the capital of the company (the "Existing Ordinary Shares").
On this basis, and in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, following the completion of the Share Split, the Company will have 131,862,490 Ordinary shares of 0.5 pence each in the capital of the Company (the "New Ordinary Shares") in issue.
The New Ordinary Shares will have a new ISIN and SEDOL, as follows:
ISIN: GB00BRDXZ870
SEDOL: BRDXZ87
The ticker for the New Ordinary Shares is unchanged (NAS).
Applications have been made for the admission of the New Ordinary Shares to the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange. It is expected that the Share Split will become effective and that dealings in the New Ordinary Shares will commence at 8.00am on 13 June 2025. The last day of dealing in the Existing Ordinary Shares will be today, 12 June 2025, with the record date for the Share Split being 6.00pm today, 12 June 2025. CREST accounts are expected to be credited with New Ordinary Shares on 13 June 2025 and share certificates in respect of the New Ordinary shares are expected to be posted to shareholders in the week commencing 16 June 2025.
The above figure (131,862,490) 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 Disclosure Guidance and Transparency Rules.
Enquiries:
Ben Harber
Company Secretary
benh@woodhamcorpservices.com