Publication of Circular: Notice of General Meeting

RNS Number : 5982O

Mid Wynd Intnl Inv Trust PLC

01 June 2020

 

MID WYND INTERNATIONAL INVESTMENT TRUST PLC (the 'Company')

LEI: 549300D32517C2M3A561

Publication of a Circular - Notice of a General Meeting: Board's authority to issue shares

Following the announcement made by the Board on 27 May 2020, the Company has today published a circular for shareholders proposing that the Board be granted further authority to issue shares on a non-preemptive basis (the 'Circular').

At the Company's last annual general meeting on 12 November 2019, shareholders granted authority for the Board to issue ordinary shares for cash on a non-preemptive basis up to an aggregate nominal value of £314,673, representing 6,293,460 ordinary shares. Since then, the Board has issued 5,390,000 ordinary shares, leaving capacity to issue only a further 903,460 ordinary shares. In order to meet the expected continuing demand for the Company's shares, the Company is therefore requesting the authorities necessary from shareholders.

The Circular includes a notice of a general meeting to be held on 17 June 2020 at 9.30 a.m. at the offices Dickson Minto W.S. 16 Charlotte Square, Edinburgh EH2 4DF (the 'General Meeting'), at which shareholders will be invited to vote on the resolutions proposed. Given the risks posed by the spread of Covid-19 and in accordance with the provisions of the Company's Articles and Government guidance, the Company may impose entry restrictions on attendance at the General Meeting.

The Company intends to publish a prospectus shortly after the General Meeting to allow for further share issues to take place. If the authority sought is granted at the General Meeting the Company will only issue shares at a premium to net asset value, to meet demand from investors and when the Board believes it is in the best interests of the Company and its shareholders to do so.

Shareholders are encouraged to vote on the resolutions to be proposed at the General Meeting in advance. In order to ensure that votes are registered in the event that attendance at the General Meeting is not possible or restricted, shareholders are strongly advised to vote through the Registrar's online voting facility www.investorcentre.co.uk/eproxy or by form of proxy.

In the event that the situation surrounding COVID-19 should affect the plans to hold the General Meeting the Company will update shareholders through an announcement to the London Stock Exchange and will provide further details on the Company's website. The Board would encourage all shareholders to exercise their votes in respect of the General Meeting in advance. This will ensure that votes are registered in the event that attendance at the General Meeting is not possible or is restricted.

A copy of the Circular has been sent to shareholders and an electronic copy will shortly be available to download from the Company's website  midwynd.com .

The Company has submitted a pdf of the circular to the National Storage Mechanism. It will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

For further information, please contact:

Artemis Fund Managers Limited
Company Secretary
Telephone: [phone]

1 June 2020

 

END

 

 

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