Issue of Equity

RNS Number : 9568T

Mobius Investment Trust PLC

26 March 2019

 

MOBIUS INVESTMENT TRUST PLC

Issue of Ordinary Shares

On 25 March 2019 Mobius Investment Trust PLC (the "Company") issued 125,000 new ordinary shares of 1p each at a price of 102 pence per share, using its existing authorities to issue up to 20,000,000 ordinary shares and pursuant to the Company's premium management strategy. These shares rank pari passu with the existing ordinary shares in issue and were issued at a premium to the cum income net asset value per share at the time of the transaction.

The Board of the Company has determined that this authority to issue shares may be utilised to satisfy market demand by issuing new shares at a small premium to NAV. This policy is intended to ensure that the level of premium at which the shares trade does not reach excessive levels. In addition, growing the total assets under management through share issuance would reduce the ongoing costs per share and potentially enhance the secondary market liquidity of the shares. Following this issue, the Company has the ability to issue a further 19,875,000 ordinary shares under its existing authorities.

The total number of ordinary shares in issue now stands at 100,125,000 and the total number of voting rights in the Company is 100,125,000. There are no shares held in treasury. The above figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Application has been made for the block listing of 20,000,000 ordinary shares of 1p each to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective on 28 March 2019.

Enquiries:

Kerstin Rucht 

On behalf of Frostrow Capital LLP,

Company Secretary to Mobius Investment Trust PLC          

Tel: [phone]

 

END

 

 

IOEXELLLKXFXBBD