Block Listing Application

RNS Number : 1152O

Pacific Horizon Investment Tst PLC

15 May 2018

 

Pacific Horizon Investment Trust PLC

Block Listing Application

The Board of Pacific Horizon Investment Trust PLC (the "Company") announces that the Company has made an application to the UK Listing Authority for a block listing of 4,000,000 ordinary shares of 10p each ("Shares") to be admitted to the Official List and to the London Stock Exchange for the Shares to be admitted to trading on the premium segment of the Main Market.

The Company has an existing shareholder authority to issue up to 10 per cent. of the Company's issued share capital on a non-pre-emptive basis which was obtained at the AGM in November 2017. The Board has determined that this authority may be utilised to satisfy market demand by issuing new Shares at a small premium to NAV. This policy is intended to ensure that the level of premium at which the Shares trade does not reach excessive levels.

The block listing is expected to become effective at 8 a.m. on 16 May 2018. Any issue of new Shares will be notified by the Company through a RIS announcement and the Company's website.

Baillie Gifford & Co Limited

Company Secretaries

15 May 2018

Legal Entity Identifier: VLGEI9B8R0REWKB0LN95

Regulated Information Classification: Acquisition or disposal of the issuer's own shares.

 

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