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Share Name Share Symbol Market Type Share ISIN Share Description
The European Investment Trust Plc LSE:EUT London Ordinary Share GB0003295010 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 861.00 856.00 866.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 14.5 13.4 31.0 27.8 347

Baillie Gifford European Grw Ts PLC Share Split and Total Voting Rights

29/01/2021 10:24am

UK Regulatory (RNS & others)


The European Investment (LSE:EUT)
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RNS Number : 3681N

Baillie Gifford European Grw Ts PLC

29 January 2021

Baillie Gifford European Growth Trust plc

Legal Entity Identifier: 213800QNN9EHZ4SC1R12

Share Split and Total Voting Rights

Baillie Gifford European Growth Trust plc (the "Company") today announces further details of the previously announced sub-division (the "Share Split") of the ordinary shares of 25p each (each an "Ordinary Share") into 10 ordinary shares of 2.5p each (each a "New Ordinary Share"). The Share Split was approved at the Annual General Meeting of the Company held on 21 January 2021.

As disclosed in the Company's Annual Report and Financial Statements, the last day of trading in the Ordinary Shares will be 29 January 2021, following which the Share Split will take effect and it is expected that the New Ordinary Shares will be admitted to trading on the main market of the London Stock Exchange at 8.00am on 1 February 2021.

Shareholders will receive 10 New Ordinary Shares in exchange for each Ordinary Share held on 29 January 2021. CREST accounts will be credited with New Ordinary Shares on 1 February 2021 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders no later than Friday 5 February 2021.

The New Ordinary Shares will have a new ISIN and SEDOL, as follows:

New ISIN: GB00BMC7T380

SEDOL: BMC7T38

The ticker for the New Ordinary Shares will remain the same as the ticker for the Ordinary Shares (BGEU). The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions as the existing Ordinary Shares. A holding of New Ordinary Shares following the Share Split will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of existing Ordinary Shares.

The Company currently has 40,244,369 Ordinary Shares in issue (including 4,024,436 held in Treasury). On this basis, in accordance with the Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rules, the Company advises that following the completion of the Share Split, as at 1 February 2021 the Company will have 402,443,690 New Ordinary Shares in issue (including 40,244,360 held in Treasury assuming no shares are bought back by the Company before 1 February 2021). Each such ordinary share has one vote per share.

Therefore, as at 1 February 2021, the total number of voting rights for ordinary shareholders in the Company will be 362,199,330.

The above figure (362,199,330) 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 Guidance and Transparency Rules.

Applications are being made to the Financial Conduct Authority to amend the Official List, and to the London Stock Exchange to amend the outstanding number of ordinary shares in issue with effect from 1 February 2021.

Baillie Gifford & Co Limited

Managers and Company Secretaries

29 January 2021

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws

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January 29, 2021 05:24 ET (10:24 GMT)

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