B Ordinary Share Capitalisation Ratio

RNS Number : 3972O

Murray International Trust PLC

06 August 2014

 



6 August 2014

Murray International Trust PLC

Capitalisation Issue of B Ordinary Shares

In accordance with the terms of the Articles of Association of the Company the Directors have resolved to make a bonus issue of B Ordinary shares which corresponds to the first interim dividend of 10.0p per Ordinary share announced on 29 April 2014. 

On 15 August 2014 the Company will capitalise £2,441 being part of the sum standing at credit of the realised gains reserve and the Directors will issue 1.02193 new B Ordinary shares credited as fully paid for every 100 B Ordinary shares held at close of business on the record date of 11 July 2014 (resulting in the issue of 9,766 new B Ordinary shares based upon the 955,619 B Ordinary shares in issue on the record date). 

Application is being made to the UK Listing Authority and the London Stock Exchange Plc for the 9,766 B Ordinary shares of 25p each ("Shares") to be admitted to the Official List.  The B Ordinary Shares will rank pari passu with the existing B Ordinary shares and will be issued in respect of the capitalisation issue in lieu of the first interim dividend.  Dealings are expected to commence in the new B Ordinary shares on 15 August 2014.

Definitive certificates in respect of the new B Ordinary shares arising from the capitalisation will be posted on 15 August 2014 to holders of B Ordinary shares on the record date. 

 

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