Compliance with Model Code

RNS Number : 8348F

Midas Income & Growth Trust PLC

04 May 2011

 



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 Annual 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 closed 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 May 2011 of the Net Asset Value per share as of the close of business on 3 May 2011,

2)   the Company's belief, following reasonable enquiries, that there will be no material difference between the information published on 4 May 2011 and that to be included in the forthcoming Announcement of Annual 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4)   there being no other unpublished information which constitutes price-sensitive information in respect of the Company's securities and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 approximately 4.6% of the net assets of the Company (including revenue)).

This announcement is issued pursuant to paragraph 15.5.1 of the FSA Listing Rules as amended 28 September 2007. 

 

END

 

 

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