Results of Scrip Dividend Alternative Election

RNS Number : 8419S

Alpha Real Trust Limited

13 July 2020

 

LEI: 213800BMY95CP6CYXK69

13 July 2020

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE "COMPANY")

RESULTS OF SCRIP DIVIDEND ALTERNATIVE ELECTION  

Scrip dividend alternative elections were received in respect of 48,258,894 shares representing a take up of 78% of the Company's share capital as at the record date for the dividend. This will result in the issue of 285,216 new ordinary shares (approximately 0.5% of the current issued share capital). These shares will be issued at a price of 169.2 pence each and will rank pari passu in all respects with the Company's existing issued ordinary shares.

An application has been made to the London Stock Exchange for these shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market. It is expected that admission will occur on 17 July 2020.

Following the issue of these shares, the ordinary share capital of the Company will be 62,126,086 (including 1,940,797 Ordinary Shares held in treasury) and the total voting rights in the Company will be 60,185,289 with effect from 17 July 2020. The figure of 60,185,289 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, ART under the FCA's Disclosure and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected for scrip dividend shares and shareholders holding shares in CREST, who elected for scrip dividend shares, will have their CREST accounts credited directly on 17 July 2020.

For further information please contact:

Alpha Real Trust Limited

David Jeffreys, Chairman, Alpha Real Trust  [phone]

Brad Bauman, Joint Fund Manager, Alpha Real Trust  [phone]

Panmure Gordon, Broker to the Company

Atholl Tweedie      [phone]

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com .

 

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