Cancellation of Listing

RNS Number : 8258X

Rights and Issues Inv Trust PLC

17 January 2014

 



17 January 2014

Rights and Issues Investment Trust Public Limited Company

NOTICE OF REGISTRATION OF REDUCTION OF CAPITAL AND CANCELLATION OF LISTING FROM THE OFFICIAL LIST AND TRADING ON THE LONDON STOCK EXCHANGE

Rights and Issues Investment Trust Public Limited Company (the "Company") held separate class meetings (the "Separate Class Meetings") of the holders of the Company's capital shares of 25p each, income shares of 25p each and preference shares of £1 each (the "Preference Shares") (together the "Shareholders") and the General Meeting of the Company (the "General Meeting") on 29 November 2013.  At the Separate Class Meetings and the General Meeting the Shareholders approved the proposed reduction of capital, by cancellation of the Preference Shares and repayment of the Preference Shares plus the fixed dividend payable on the Preference Shares which accrues up to 31 December 2013, together with a premium of 25p per Preference Share and amendment of the Company's Articles of Association in stages to enable the repayment of the Preference Shares, and to remove all references to the Preference Shares, following the cancellation of the same (the "Proposals").  

Following the Court's confirmation of the reduction of  capital under section 648 of the Companies Act 2006 (the "Court Order"), the Preference Shares were suspended from the Official List of the UK Listing Authority and to trading on the London Stock Exchange on 16 January 2014. 

The Court Order and associated statement of capital was registered with the Registrar of Companies on 16 January 2014 (the "Registration").  Pursuant to the Proposals, the repayment of the Preference Shares became effective on Registration and the Preference Shares were immediately cancelled following the repayment.

The Company announces that the listing of the Preference Shares on the Official List and to Trading on the London Stock Exchange has been cancelled.

For enquiries please contact:

Simon Knott, Rights and Issues Investment Trust plc, 0207 415 4130

 

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