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Share Name Share Symbol Market Type Share ISIN Share Description
Merchants Trust LSE:MRCH London Ordinary Share GB0005800072 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +5.50p +1.11% 499.50p 496.00p 499.50p 499.50p 494.00p 494.00p 103,383 10:19:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 34.1 30.1 27.7 18.0 545.35

Merchants Trust PLC Issue of Equity

19/03/2019 2:38pm

UK Regulatory (RNS & others)


Merchants Trust (LSE:MRCH)
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2 Months : From Feb 2019 to Apr 2019

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RNS Number : 3411T

Merchants Trust PLC

19 March 2019

19 March 2019

The Merchants Trust PLC

The Board of the Merchants Trust PLC (the "Company") announces that, given the demand for the Company's shares, it has henceforward adopted a policy under existing shareholder authorities of issuing shares at a premium to net asset value, cum income with debt at market value, to meet natural demand in the market. The company will, through JPMorgan Cazenove, be prepared to issue shares at a premium to net asset value (cum income and with debt at fair value). This price will not be dilutive to existing shareholders.

In accordance with this policy the Company has today issued 100,000 new ordinary shares of 25p each from the Company's general corporate purposes block listing facility at a price of 501p per share. This represents a premium of 1.0% to the current net asset value. These shares are issued under the waiver of pre-emption rights authorised by shareholders at the annual general meeting and rank pari passu with existing shares in issue.

Following this issue, the Company has the ability to issue 4,266,344 ordinary shares under its block listing facility. As a result of this allotment, the total number of ordinary shares in issue now stands at 108,828,464.

The above figure (108,828,464) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

March 19, 2019 10:38 ET (14:38 GMT)

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