Proposed Share Split

RNS Number : 2489N

Mid Wynd Inter Inv Trust PLC

30 August 2011

 



Mid Wynd International Investment Trust PLC

Proposed Share Split

The Board of Mid Wynd International Investment Trust PLC ('the Company') announces that it has today despatched to shareholders the Annual Report and Financial Statements for the year ended 30 June 2011.

The Annual Report and Financial Statements contains details of the Company's proposed five for one share sub-division (the 'share split'), which will reduce the nominal value of each ordinary share in issue from 25p to 5p. Existing shareholders will receive five new ordinary 5p shares for every ordinary 25p share held on the record date.

The Company's shares have been trading at a share price above £10 since early September 2010. To assist monthly savers and participants in the Dividend Reinvestment Plan, and in order to improve the liquidity in the Company's shares, the Board has therefore decided that a share split would be in the interests of shareholders.

Shareholders will be given the opportunity to consider and, if thought fit, approve the ordinary resolution required to effect this capital re-organisation at the Annual General Meeting of the Company to be held on Monday 10 October 2011.

The expected timetable for the share split is as follows:

Monday 10 October	Annual General Meeting / Record Date
Tuesday 11 October	Commencement of dealing in new ordinary 5p shares
Friday 21 October	New share certificates despatched

For further details please contact:

Mike MacPhee, Fund Manager	0131 275 2177
Mid Wynd International Investment Trust PLC
Angus Wilton	020 7155 8122
JPMorgan Cazenove

 

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