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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Grit Investment Trust Plc | LSE:GRIT | London | Ordinary Share | GB00BL594W83 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Svcs Allied W/exchanges, Nec | 96k | -155k | -0.0031 | -4.03 | 629.47k |
TIDMGRIT
RNS Number : 0997H
GRIT Investment Trust PLC
21 November 2022
21 November 2022
GRIT Investment Trust PLC
("GRIT" or the "Company")
Further to Conversion of Existing Convertible Loan Notes
PDMR/Director Dealings
Conversion of Existing Convertible Loan Notes
On 15 November 2022, the GRIT Board announced that an aggregate of GBP63,507 principal of Existing Convertible Loan Notes held by Malcolm Burne, a Director of GRIT have been converted into 2,540,279 new ordinary shares (the "Conversion Shares") of 2.5p each in the Company at a conversion price of 2.5p per share. The Conversion Shares have been admitted to listing on the Official List (premium listing segment) and to trading on the London Stock Exchange's main market for listed securities.
Acquisition of Existing Convertible Loan Notes
Further to the above Malcolm Burne has agreed, via Peterhouse Capital Limited, with other holders of the Existing Convertible Loan Notes issued on 2 August 2021, to acquire GBP63,507 worth of the Existing Convertible Loan Notes in exchange for 2,540,279 ordinary shares of GRIT.
For more information, please contact:-
GRIT Investment Trust plc
Martin Lampshire
Tel: +44 (0) 20 3198 2554
Peterhouse Capital Limited
Lucy Williams/Duncan Vasey
Tel: +44 (0)20 7469 0930
The following information relating to the acquisition of the Existing Loan Notes following the issue of Conversion Shares to Malcolm Burne has been filed with the FCA in accordance with Article 19(1) of UK MAR:-
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 Details of the person discharging managerial responsibilities / person closely associated a) Name Malcolm Burne ------------------ ------------------------------------------------ 2 Reason for the notification -------------------------------------------------------------------- a) Position/status Director ------------------ ------------------------------------------------ b) Initial Initial notification notification /Amendment ------------------ ------------------------------------------------ 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------------------------------------------------------------------- a) Name GRIT Investment Trust PLC ------------------ ------------------------------------------------ b) LEI 2138005OJKGWG3X4SY51 ------------------ ------------------------------------------------ 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted -------------------------------------------------------------------- a) Description Ordinary shares of 2.5 pence of the financial instrument, type of ISIN: GB00BL594W83 instrument Identification code ------------------ ------------------------------------------------ b) Nature of Disposal of 2,540,279 shares to acquire an the transaction aggregate GBP63,507 of Convertible Loan Notes. ------------------ ------------------------------------------------ c) Price(s) Price No. of and volume(s) shares 2.5 pence 2,540,279 ---------- ------------------ ------------------------------------------------ d) Aggregated information - Aggregated volume - Price 2,540,279 2.5 pence ------------------ ------------------------------------------------ e) Date of 21/11/2022 the transaction ------------------ ------------------------------------------------ f) Place of Outside a trading venue the transaction ------------------ ------------------------------------------------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the GRIT Investment Trust Plc underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments ---- An event changing the breakdown of voting rights ---- Other (please specify) (iii) : ---- 3. Details of person subject to the notification obligation (iv) Name Malcolm Burne City and country of registered office GB (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name -------------------------------------------- City and country of registered office (if applicable) -------------------------------------------- 5. Date on which the threshold was 21 Nov 2022 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified 21 Nov 2022 (DD/MM/YYYY): -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (8.A + 8.B) 1 + 8.B 2) (vii) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 21.84% 0.000000 21.84% 2,763,890 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 2.21% 0.000000 2.21% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) --------------------- GB00BL594W83 2,763,890 21.84% --------------------- --------------------- -------------------- ---------------- SUBTOTAL 8. A 2,763,890 21.84% -------------------------------------------- -------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion Period rights that may rights (x) (xi) be acquired if the instrument is exercised/converted. ----------- ------------------------- -------------------------- ---------------- SUBTOTAL 8. B 1 ------------------------- -------------------------- ---------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting instrument date (x) Conversion or cash voting rights rights Period (xi) Settlement (xii) ---------------- ---------------- ----------------- ---------------- SUBTOTAL 8.B.2 ----------------- ---------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled X by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv) Name (xv) % of voting rights % of voting rights Total of both if if it equals or through financial it equals or is is higher than the instruments if it higher than the notifiable threshold equals or is higher notifiable threshold than the notifiable threshold ---------------------- --------------------- ------------------------ 10. In case of proxy voting, please identify: Name of the proxy holder ----------------------------------------------- The number and % of voting rights held ----------------------------------------------- The date until which the voting rights will be held ----------------------------------------------- 11. Additional information (xvi) Place of completion London Date of completion 21/11/22 ---------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the GRIT Investment Trust Plc underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments ---- An event changing the breakdown of voting rights ---- Other (please specify) (iii) : ---- 3. Details of person subject to the notification obligation (iv) Name Malcolm Burne City and country of registered office GB (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name -------------------------------------------- City and country of registered office (if applicable) -------------------------------------------- 5. Date on which the threshold was 21 Nov 2022 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified 21 Nov 2022 (DD/MM/YYYY): -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (8.A + 8.B) 1 + 8.B 2) (vii) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 1.77% 0.000000 1.77% 223,611 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 21.84% 0.000000 21.84% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) --------------------- GB00BL594W83 223,611 1.77% --------------------- --------------------- -------------------- ---------------- SUBTOTAL 8. A 223,611 1.77% -------------------------------------------- -------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion Period rights that may rights (x) (xi) be acquired if the instrument is exercised/converted. ----------- ------------------------- -------------------------- ---------------- SUBTOTAL 8. B 1 ------------------------- -------------------------- ---------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial Expiration Exercise/ Physical Number of % of voting instrument date (x) Conversion or cash voting rights rights Period (xi) Settlement (xii) ---------------- ---------------- ----------------- ---------------- SUBTOTAL 8.B.2 ----------------- ---------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled X by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv) Name (xv) % of voting rights % of voting rights Total of both if if it equals or through financial it equals or is is higher than the instruments if it higher than the notifiable threshold equals or is higher notifiable threshold than the notifiable threshold ---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify: Name of the proxy holder ----------------------------------------------- The number and % of voting rights held ----------------------------------------------- The date until which the voting rights will be held ----------------------------------------------- 11. Additional information (xvi) Place of completion London Date of completion 21/11/22 ---------
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November 21, 2022 08:48 ET (13:48 GMT)
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