PGIT Secs 2020 Plc Results of Elections by ZDP Shareholders

 
TIDMPGIZ TIDMPMGR 
 
23 November 2020 
 
PGIT Securities 2020 plc (the "Company") 
 
Results of Elections by ZDP Shareholders 
 
On 3 November 2020, PGIT Securities 2020 plc ("PGIT Securities 2020"), a wholly 
owned subsidiary of Premier Miton Global Renewables Trust plc (previously known 
as Premier Global Infrastructure Trust plc), published a circular containing 
details of a scheme of reconstruction of PGIT Securities 2020 (the "Scheme") 
and proposals to, inter alia, offer the holders of Existing ZDP Shares in PGIT 
Securities 2020 the opportunity to elect to roll their investment into New ZDP 
Shares in PMGR Securities 2025 plc ("PMGR Securities 2025"). 
 
The Board of PGIT Securities 2020 announces that valid Elections to participate 
in the Rollover Option were received in respect of 8,648,877 Existing ZDP 
shares. Accordingly, as the Maximum Issue Size was not exceeded there will be 
no scaling back.  ZDP Shareholders who have elected for the Rollover Option 
would therefore receive 1,256 New ZDP Shares for every 1,000 Existing ZDP 
shares held on the Effective Date. 
 
Additionally, New ZDP Shares are also being made available under the Placing, 
which closes at 1.00 p.m. on 26 November 2020 and the results of which will be 
announced on or around 30 November 2020. Shareholders who are considering 
applying for further New ZDP Shares in the Placing should contact their broker 
or N+1 Singer. 
 
The Proposals remain conditional on the passing of the Resolutions to be 
proposed at the Second General Meeting, the FCA agreeing to admit to the 
standard segment of the Official List the Reclassified Shares and the London 
Stock Exchange agreeing to admit the Reclassified Shares to trading on its main 
market, and, subject only to allotment thereof, the New ZDP Shares to be issued 
pursuant to the Issue also being agreed to be admitted. 
 
Application is expected to be made for the New ZDP Shares to be admitted to the 
Official List and to trading on the London Stock Exchange and dealings are 
expected to commence at 8.00 a.m. on 1 December 2020. It is anticipated that 
CREST accounts will be credited (where applicable) on the same day and the New 
ZDP Shares will trade using the ticker PGMZ under the ISIN GB00BNG43G36. New 
share certificates in respect of the New ZDP Shares will be issued as soon as 
practicable following admission. 
 
Consideration for the Cash Option is expected to be despatched to Existing ZDP 
Shareholders on or around 1 December 2020. 
 
Expected timetable of principal events                               2020 
 
Date from which it is advised that                            23 November 
dealings in Existing ZDP Shares should 
only be for cash settlement and immediate 
delivery of documents of title 
 
Latest time and date for commitments             1.00 p.m. on 26 November 
under the Placing 
 
Existing ZDP Shares reclassified,                8.00 a.m. on 27 November 
Official List amended and dealings in 
Reclassified Shares commence on the 
London Stock Exchange 
 
Dealings in Reclassified Shares suspended        8.00 a.m. on 30 November 
 
Second General Meeting and, if the Scheme       10.00 a.m. on 30 November 
becomes unconditional, Effective Date for 
the implementation of the Proposals and 
commencement of liquidation(i) 
 
Publication of the results of the Placing                     30 November 
and the Scheme 
 
New ZDP Shares admitted to Official List,         8.00 a.m. on 1 December 
Existing ZDP Shares cancelled and 
dealings in New ZDP Shares commence on 
the London Stock Exchange 
 
CREST accounts credited with New ZDP         as soon as practicable after 
Shares (for holders in uncertificated                          1 December 
form) 
 
Consideration expected to be despatched                   from 1 December 
to ZDP Shareholders who elect or are 
deemed to have elected for the Cash 
Option to CREST participants by the 
crediting through CREST and to 
certificated holders by cheque 
 
Despatch of New ZDP Share certificates                         7 December 
(to holders in certificated form) in the 
week commencing 
 
All of the times and dates in the expected timetable may be extended or brought 
forward without further notice. If any of the above times and/or dates change, 
the revised time(s) and/or date(s) will be notified to Shareholders by an 
announcement through a Regulatory Information Service provider. 
 
All references to time in the Circular are to UK time. 
 
 i. Neither ZDP Shareholders nor Ordinary Shareholders are entitled to attend 
    or vote at the Second General Meeting. 
 
Terms used in this announcement shall have the same meaning as in the Circular 
published on 3 November 2020. 
 
Contact: 
 
Premier Fund Managers Limited 
01483 306090 
Claire Long ([e-mail]) 
James Smith ([e-mail]) 
 
N+1 Singer 
020 7496 3000 
James Maxwell ([e-mail]) 
Iqra Amin ([e-mail]) 
 
 
 
END 
 

(END) Dow Jones Newswires

November 23, 2020 11:22 ET (16:22 GMT)