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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grampian | LSE:GRMP | London | Ordinary Share | GB00B6WZ0930 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 470.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGRMP
RNS Number : 1807J
Grampian Investment Trust Plc
02 August 2012
To: RNS Date: 2 August 2012
GRAMPIAN INVESTMENT TRUST PLC (THE "COMPANY")
SCHEME CALCULATIONS AND UPDATE ON RECOMMENDED PROPOSALS
Further to the proposals for the reconstruction and winding up of the Company which were announced on 3 July 2012, the Board confirms the TAV per Share and the FAV per TIGT Share that will be used for the calculation of entitlements under the recommended Scheme (the "Scheme") for the acquisition of the Company's assets by Troy Income & Growth Trust plc ("TIGT").
Under the terms of the Scheme, details of which were set out in the circular to Shareholders dated 3 July 2012, the TAV per Share (being the entitlement of an Grampian Share pursuant to the Scheme, calculated on the basis of the net asset value of the Company as at close of business on 31 July 2011 (the "Calculation Date")) was 462 pence.
The FAV per TIGT Share (being the net asset value of TIGT attributable to the TIGT Shares as at the Calculation Date, as adjusted and calculated in accordance with the Scheme) was 54.71 pence.
Based on the TAV per Share and the FAV per TIGT Share set out above, Grampian Shareholder would receive approximately 8.44 New TIGT Shares under the Scheme in respect of each Grampian Share held.
Suspension of Shares
It is expected that the listing of the Company's shares on the Official List will be suspended at 7.30 a.m. on 3 August 2012.
General
It should be noted that the Scheme remains conditional on, amongst other conditions, the passing of the special resolutions to be proposed at the second general meeting of the Company's shareholders convened for 3 August 2012. The Scheme will not become effective unless these resolutions are passed.
Enquiries:
Steven Cowie Company Secretary 0131 534 6604
Capitalised terms shall bear the meanings given to them in the Company's circular dated 3 July 2012 unless the context otherwise requires
This information is provided by RNS
The company news service from the London Stock Exchange
END
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