Results of the Initial Placing and Offers

RNS Number : 9881G

Mid Wynd Inter Inv Trust PLC

02 June 2017

 

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.

This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for, or to buy shares in any jurisdiction.

To:        RNS

From:    Mid Wynd International Investment Trust PLC

Date:    2 June 2017

Mid Wynd International Investment Trust PLC

Results of the Initial Placing and Offers

Further to the announcement made by Mid Wynd International Investment Trust PLC (the "Company") on 31 May 2017, the Board announces that approximately £5.78 million of gross proceeds have been raised under the Initial Placing and Offers.  Accordingly, 1,281,029 new ordinary shares of 5 pence each (the "New Shares") will be issued at the Initial Placing and Offers Price of 451.49 pence.

The Board notes this is a first step in the process to grow the company over time, particularly in light of the Share Issuance Programme approved recently by Shareholders. On the back of feedback received to date, the Board anticipates further issuance of shares over the course of the Share Issuance Programme.

Application has been made for 1,281,029 New Shares to be admitted to the Official List and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence on 6 June 2017.

Following Admission the Company expects to have 32,522,981 Ordinary Shares in issue. The total number of voting rights of the Company will be 32,522,981 and this figure 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, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact

Artemis Fund Managers Limited                       [phone]

Billy Aitken

J.P. Morgan Cazenove (Sole Bookrunner)          [phone]

William Simmonds

Anne Ross

Oliver Kenyon

Solid Solutions (Intermediaries Offer Adviser)     [phone]

Nigel Morris                                                       [e-mail]

Defined terms used in this announcement have the same meanings given in the Prospectus unless the context otherwise requires.  

This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by, J.P. Morgan Cazenove or by any of its respective affiliates or agents as to or in relation to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or their advisers and any liability therefore is expressly disclaimed.

J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and is acting exclusively for the Company and no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Cazenove nor for providing advice in connection with the Placing and the contents of this announcement or any other matter referred to herein.

 

END

 

 

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