MURRAY INTERNATIONAL TRUST PLC (the "Company")
Legal Entity Identifier (LEI): 549300BP77JO5Y8LM553
20 September 2017
NOTICE OF REDEMPTION AND CANCELLATION OF LISTING OF 4 PER CENT. PERPETUAL DEBENTURE STOCK (THE "DEBENTURE STOCK")
As anticipated in the announcement of half yearly results released on 17 August 2017 the Company confirms that on 22 December 2017 (the "Redemption Date") it intends to redeem all of the outstanding Debenture Stock. A Redemption Notice has today been posted to all Debenture Stock Holders and copies of the above document have been submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection at: morningstar.co.uk/uk/NSM. The document will also shortly be available for download from the Company's website, murray-intl.co.uk. (Neither the NSM website nor the Company's website nor the content of any website accessible from hyperlinks on those websites or any other website is or is deemed to be incorporated into, or forms or is deemed to form part of this announcement.)
REDEMPTION TIMETABLE AND MECHANISM
In accordance with the trust deeds constituting it, the Debenture Stock will be redeemed at par together with a 1 per cent. premium thereon and accrued interest up to and including the Redemption Date and paid to all holders of Debenture Stock (each a "Stockholder") on the register as at 21 December 2017.
In order to receive the relevant redemption amount, holders of Debenture Stock in certificated form (that is, not in CREST) should send their stock certificates to the Company's Registrar, Capita Asset Services, Corporate Actions, 34 Beckenham Road, Beckenham, Kent BR3 4TU so that they are received by them as soon as possible but in any event by no later than 5.00 p.m. on 22 November 2017. The Company's Registrar will then prepare a discharge for each holder of Debenture Stock in certificated form who has returned their certificates by this date, and send it to them for signature together with their Debenture Stock certificate. Both the signed discharge and the Debenture Stock certificate must be returned to the Company's Registrar no later than 5.00 p.m. on 15 December 2017. Payment of the par value together with the 1 per cent. premium thereon will be made by cheque within 5 business days of the Redemption Date or as soon as practicable thereafter once a Stockholder's certificate and signed discharge has been received. Payments of accrued interest up to and including the Redemption Date will be paid by Capita Asset Services in accordance with Stockholders' normal instructions. Any Redemption Amount that is due to a Stockholder but in respect of which a stock certificate and/or related discharge has not been delivered to Capita Asset Services at the above address or payment has not been accepted within six months of the Redemption Date shall be paid to Bank of Scotland plc who are the trustee in respect of the Debenture Stock (the "Trustee") who shall hold such amount in trust for the relevant Stockholder without interest until such time as the Stockholder delivers the certificate and discharge to, and/or agrees payment mechanics with, the Trustee.
Each Stockholder who holds their stock in uncertificated form in CREST will need to send a signed discharge in respect of their Debenture Stock (the form of which will be sent to them prior to 22 November 2017) to the Company's Registrar, Capita Asset Services, Corporate Actions, 34 Beckenham Road, Beckenham, Kent BR3 4TU, so that it is received by them as soon as possible but in any event by no later than 5.00 p.m. on 15 December 2017. Once they have done so, the Debenture Stock held in uncertificated form in CREST will automatically be redeemed at par together with the 1 per cent. premium thereon and payment of the principal and premium will be made through CREST within 5 business days of the Redemption Date. Payment of accrued interest up to and including the Redemption Date will be paid to Stockholders in accordance with Stockholders' normal instructions. Holders of Debenture Stock in CREST therefore only require to return a signed discharge (the form of which will be sent to them prior to 22 November 2017) to the Company's Registrar, Capita Asset Services, Corporate Actions, 34 Beckenham Road, Beckenham, Kent BR3 4TU to receive the relevant Redemption Amount. If any Stockholder returns a signed discharge after 5.00 p.m. on 15 December 2017 then payment of the Redemption Amount will be made by cheque as soon as practicable following receipt of the signed discharge. Any Redemption Amount that is due to a Stockholder but in respect of which signed discharge has not been delivered to the Capita Asset Services within six months of the Redemption Date shall be paid to the Trustee who shall hold such amount in trust for the relevant Stockholder without interest until such time as the Stockholder delivers the discharge to the Trustee.
The ISIN will be disabled for settlement in CREST at 6.00 p.m. on 21 December 2017. All redeemed Debenture Stock will be cancelled. The Company will be requesting that the listing of the Debenture Stock on the Official List of the UK Listing Authority and its trading on the Main Market of the London Stock Exchange is cancelled with effect from 8.00 a.m. on 27 December 2017.
For Aberdeen Asset Management PLC
Company Secretary to:
Murray International Trust PLC
