15.5.1 Model Code Exemption

RNS Number : 0694J

Midas Income & Growth Trust PLC

27 November 2008

 



MIDAS INCOME & GROWTH TRUST PLC ('the Company')

The Company announces that it is satisfied, by virtue of the points listed below, that all inside information which the Directors and the Company may have in the period leading up to the announcement of the Half Yearly Financial Report, has been notified to a Regulated Information Service ('RIS') and that the Company is thereby exempted from the provisions of the Model Code in relation to close periods for any dealings by persons discharging managerial responsibilities in the Company and any purchases by the Company of its own securities.

In so stating the Company has regard to; 

1)    the announcement on 4 November 2008 of the Net Asset Value per share as of the close of business on 3 November 2008,

2)    the Company's belief, following reasonable enquiries, that there will be no material difference between the information published on 4 November 2008 and that to be included in the forthcoming announcement of the Half Yearly Financial Report,

3)    the Company's practice of calculating Net Asset Values per share each business day and the announcement of these Net Asset Values to an RIS,

4)    there being no other unpublished information which constitutes price-sensitive information in respect of the Company's securities and

5)    there being no significant exposure to unquoted investments within the Company's portfolio (the Company has one unquoted holding in AJ Bell representing 5.7% of the portfolio). 

This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing Rules. 

 

END

 

 

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