Net Asset Value & Initial Placing and Offers Price

RNS Number : 7157G

Mid Wynd Inter Inv Trust PLC

31 May 2017

 

THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.

This announcement does not constitute an offer to sell, or the solicitation of an offer to subscribe for, or to buy shares in any jurisdiction.

To:        RNS

From:    Mid Wynd International Investment Trust PLC

Date:    31 May 2017

Mid Wynd International Investment Trust PLC

Net Asset Value (NAV), Initial Placing and Offers Price

NAV

As at close of business on 30 May 2017, the Net Asset Value ("NAV") per ordinary 5p shares of the Company was as follows:

Net asset value per Ordinary share	excluding current year income	440.01p
	including current year income	442.64p

Initial Placing and Offers Price

The Board of Mid Wynd International Investment Trust PLC (the "Company") refers to the prospectus published by the Company on 10 May 2017 in relation to the issue of up to 31,241,952 new ordinary shares in the capital of the Company (the "New Shares") by way of an initial placing, offer for subscription, intermediaries offer and an on going share issuance programme.  The issue price of the New Shares to be issued under the Initial Placing and Offers has been calculated and will be 451.49 pence per New Share (being a premium of 2 per cent. to the Net Asset Value per Ordinary Share as at 30 May 2017).

The latest time and date for receipt of commitments and application forms under the Initial Placing and Offers is 5.00 p.m. on 1 June 2017.  It is expected that a further announcement will be made on 2 June 2017 as to the aggregate number of New Shares to be issued under the Initial Placing and Offers.  The issue of the New Shares is conditional upon the admission of the New Shares to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange, expected to take place on 6 June 2017.

For further information please contact

Artemis Fund Managers Limited                       [phone]

Billy Aitken

J.P. Morgan Cazenove (Sole Bookrunner)          [phone]

William Simmonds

Anne Ross

Oliver Kenyon

Solid Solutions (Intermediaries Offer Adviser)     [phone]

Nigel Morris                                                       [e-mail]

Defined terms used in this announcement have the same meanings given in the Prospectus unless the context otherwise requires.  

This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by, J.P. Morgan Cazenove or by any of its respective affiliates or agents as to or in relation to the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or their advisers and any liability therefore is expressly disclaimed.

J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and is acting exclusively for the Company and no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of J.P. Morgan Cazenove nor for providing advice in connection with the Placing and the contents of this announcement or any other matter referred to herein.

 

END

 

 

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