Publication of Circular and Prospectus

RNS Number : 8297V

Mid Wynd Inter Inv Trust PLC

20 April 2016

 

Mid Wynd International Investment Trust PLC

Publication of Circular and Prospectus

In order to meet the expected continuing demand for shares in Mid Wynd International Investment Trust PLC (the "Company"), the Board of Directors of the Company is seeking an authority to issue further ordinary shares for cash on a non pre-emptive basis prior to the Company's next annual general meeting later this year.  Accordingly, the Company has today published a circular convening a general meeting (the "General Meeting") to be held at 9.30 a.m. on 16 May 2016 at the offices of Artemis Fund Managers Limited, 42 Melville Street, Edinburgh EH3 7HA.

At the General Meeting a resolution will be put to shareholders to give the Board authority to disapply pre-emption rights in relation to the issue up to 4,316,340 ordinary shares which represents approximately 15 per cent. of the Company's total ordinary share capital in issue as at 18 April 2016 (the last practicable date prior to publication).

The Company has also today published a prospectus approved by the UK Listing Authority in relation to future successive issues of up to 15 million new ordinary shares in the capital of the Company (the "New Shares") to allow it to continue to issue shares at a premium to net asset value where demand exceeds supply. The prospectus will be valid for 12 months from the date of publication. It is currently intended that the New Shares will be issued only: (i) at a premium to the net asset value per share; (ii) to meet demand from investors; and (iii) when the Directors believe that it is in the best interests of the Company and its shareholders to do so.  

Both the circular and prospectus will shortly be available for inspection at the National Storage Mechanism which is located at morningstar.co.uk/uk/nsm.do.

The documents are also available in electronic form on the Company's website at midwynd.co.uk and the prospectus is available for collection, free of charge, during normal business hours on any working day (Saturday, Sunday and public holidays excepted) until 20 April 2017 from the offices of Dickson Minto W.S., Broadgate Tower, 20 Primrose Street, London EC2A 2EW and from the registered office of the Company, 42 Melville Street, Edinburgh EH3 7HA.

For further information please contact:

Artemis Fund Managers Limited

Company Secretary

Telephone: [phone]

20 April 2016

 

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