Results of Scrip Dividend Alternative Election

Alpha Real Trust Limited

22 October 2024

 

LEI: 213800BMY95CP6CYXK69

22 October 2024

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 55,369,439  shares representing a take up of 81% of the Company's share capital as at the record date for the dividend. This will result in the issue of 477,317 new ordinary shares (approximately 0.7% of the current issued share capital). These shares will be issued at a price of 116 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 25 October 2024.

Following the issue of these shares, the ordinary share capital of the Company will be 68,470,638 (including 7,717,581 Ordinary Shares held in treasury) and the total voting rights in the Company will be 60,753,057  with effect from 25 October 2024. The figure of 60,753,057 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 25 October 2024.

For further information please contact:

Alpha Real Trust Limited

William Simpson, Chairman, Alpha Real Trust                             [phone]

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

Panmure Liberum, 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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