Replacement B Ordinary Share Capitalisation Ratio

RNS Number : 5941W

Murray International Trust PLC

10 November 2014

 



AMENDMENT

Please note that the announcement released today (Monday 10^th November) at 10:22hrs (RNS No: 5802W) noted that "the Directors will issue 9,678 new B Ordinary shares credited as fully paid for every 100 B Ordinary Shares". 

This should read "the Directors will issue 1.00249 new B Ordinary shares credited as fully paid for every 100 B Ordinary shares"

The announcement has now been updated. All other information remains unchanged.

10 November 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 second interim dividend of 10.0p per Ordinary share announced on 5 August 2014. 

On 17 November 2014 the Company will capitalise £2,419 being part of the sum standing at credit of the realised gains reserve and the Directors will issue 1.00249 new B Ordinary shares credited as fully paid for every 100 B Ordinary shares held at close of business on the record date of 10 October 2014 (resulting in the issue of 9,678 new B Ordinary shares based upon the 965,385 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 9,678 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 second interim dividend.  Dealings are expected to commence in the new B Ordinary shares on 17 November 2014.

Definitive certificates in respect of the new B Ordinary shares arising from the capitalisation will be posted on 17 November 2014 to holders of B Ordinary shares on the record date. 

 

END

 

 

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