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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 : 2081E
GRIT Investment Trust PLC
26 October 2022
26 October 2022
GRIT Investment Trust PLC
("GRIT" or the "Company")
Conversion of Existing Convertible Loan Notes
Total Voting Rights
Conversion of Existing Convertible Loan Notes
The GRIT Board announces that with the consent of the Company, an aggregate of GBP37,013.95 principal of Existing Convertible Loan Notes held by Richard Lockwood, a Director of GRIT have been converted into 1,480,558 new ordinary shares of 2.5p each in the Company (the "Conversion Shares") at a conversion price of 2.5p per share, allotted and issued to Richard Lockwood.
Applications for Admission of the Conversion Shares
Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange for the 1,480,558 Conversion Shares to be admitted to listing on the Official List (premium listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and trading in such Conversion Shares will commence at 8.00 a.m. on 31 October 2022.
Total Voting Rights
Following the issue of the 1,480,558 Conversion Shares, which on Admission will rank pari passu with the existing issued ordinary shares of 2.5p each in the Company ("Ordinary Shares") , the total number of Ordinary Shares in issue with voting rights in the Company will be 10,116,299. There are no Ordinary Shares held in treasury by the Company.
The above figure of 10,116,299 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
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 issue of the Conversion Shares to Richard Lockwood 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 Richard Lockwood ------------------ ------------------------------------------------ 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 Issue of 1,480,558 shares on conversion of the transaction aggregate GBP37,013.95 Convertible Loan Notes. ------------------ ------------------------------------------------ c) Price(s) Price No. of and volume(s) shares 2.5 pence 1,480,558 ---------- ------------------ ------------------------------------------------ d) Aggregated information - Aggregated volume - Price 1,480,558 2.5 pence ------------------ ------------------------------------------------ e) Date of 31 October 2022 the transaction ------------------ ------------------------------------------------ f) Place of Outside a trading venue the transaction ------------------ ------------------------------------------------
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October 26, 2022 06:59 ET (10:59 GMT)
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