Share Split and Total Voting Rights

RNS Number : 6607M

Bankers Investment Trust PLC

22 January 2021

 

HENDERSON INVESTMENT FUNDS LIMITED

THE BANKERS INVESTMENT TRUST PLC

LEGAL ENTITY IDENTIFIER: 213800B9YWXL3X1VMZ69

22 January 2021

THE BANKERS INVESTMENT TRUST PLC

Share Split and Total Voting Rights

The Bankers Investment Trust PLC (the 'Company') today announces further details of the previously announced sub-division (the 'Share Split') of each ordinary share of 25p each ('Existing Ordinary Share') into 10 ordinary shares of 2.5p each ('New Ordinary Shares'),  subject to the approval of the Share Split at the Company's Annual General Meeting ('AGM'), which will be held on Wednesday, 24 February 2021.

The Share Split is also conditional on the New Ordinary Shares being admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities.  Applications for such admissions (the 'Admission Applications') are being made and it is expected that such admissions will become effective, and that dealings in the New Ordinary Shares will commence, at 8.00am on Monday, 1 March 2021, at which time the Share Split will become effective. The last day of trading in the Existing Ordinary Shares is expected to be, therefore, Friday, 26 February 2021 and the record date for the Share Split is 5.00pm on that date (the 'Record Date').

Shareholders will receive 10 New Ordinary Shares in exchange for each Existing Ordinary Share held at the Record Date. CREST accounts are expected to be credited with New Ordinary Shares on Monday, 1 March 2021 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders no later than Monday, 15 March 2021.

The New Ordinary Shares will have a new ISIN and SEDOL, as follows:

New ISIN: GB00BN4NDR39

New SEDOL: BN4NDR3

The ticker for the New Ordinary Shares will remain the same as the ticker for the Existing Ordinary Shares (BNKR). The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions as the Existing Ordinary Shares. Subject to the proposed new Articles of Association being approved by shareholders at the AGM, with effect from such approval each Existing Ordinary Share will have one vote per share on a poll.  Each New Ordinary Share will also have one vote per share on a poll. A holding of New Ordinary Shares following the Share Split will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of Existing Ordinary Shares immediately prior to the Share Split.

The Company currently has 130,132,783 Existing Ordinary Shares in issue (no Existing Ordinary Shares are held in treasury). On this basis, in accordance with the Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rule 5.6, the Company advises that, following the completion of the Share Split, as at 1 March  2021 the Company will have 1,301,327,830 New Ordinary Shares in issue (assuming no further shares are issued by the Company prior to the Share Split).

The Admission Applications include the 2,573,192 Existing Ordinary Shares remaining available for issue pursuant to the Company's current block listing facility and, therefore, upon the Share Split becoming effective, there will be 25,731,920 New Ordinary Shares available for issue pursuant to that facility (assuming no further shares are issued by the Company prior to the Share Split).

For New Zealand

In order for the Share Split to be processed and for trading on the NZX Main Board to continue, a temporary ticker code (BITZ) with the new ISIN will be created.  BITZ will be used from the commencement of trading on Thursday, 25 February 2021 until close of trading on Friday, 26 February 2021.  On Monday, 1 March 2021, trading will resume using the original ticker code (BIT) with the new ISIN continuing to be used. At this time, trading in the BITZ temporary ticker code will cease.

For further information please contact:

Alex Crooke Fund Manager The Bankers Investment Trust PLC Telephone: [phone]	James de Sausmarez Director and Head of Investment Trusts Henderson Investment Funds Limited Telephone: [phone]
Laura Thomas PR Manager, Investment Trusts Janus Henderson Investors   Telephone: [phone]

 

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