Block Listing Application

RNS Number : 8992M

Smithson Investment Trust PLC

11 January 2019

 

11 January 2019

Smithson Investment Trust plc ("Smithson" or the "Company")

Block Listing Application

The Board of the Company notes that an application has been made to the UK Listing Authority and to the London Stock Exchange for a block listing of 5,000,000 Ordinary Shares of 1 pence each ("Ordinary Shares") in the Company to be admitted to the Official List and to trading on London Stock Exchange's Main Market for listed securities ("Admission").

The 5,000,000 Ordinary Shares to be block listed may be issued pursuant to the Company's existing general authority to issue shares on a non pre-emptive basis. These Ordinary Shares may be issued inter alia to satisfy market demand and for the purposes of managing the premium to net asset value (cum income) per Ordinary Share at which the Ordinary Shares are trading. When issued, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. It is expected that Admission will become effective on 14 January 2019.

Any Ordinary Shares issued pursuant to the block listing facility will be issued subject to the terms and conditions of the placing programme set out in the Company's prospectus dated 17 September 2018.

Enquiries:

Fundsmith LLP	[phone]
Mark Laurence, Chief Operating Officer Simon Godwin, Chief Financial Officer
Investec Bank plc	[phone]
Darren Vickers
Helene Comitis
Kepler Communications	[phone]
Charlotte Balbirnie

NOTES TO EDITORS

Smithson Investment Trust plc ("Smithson" or the "Company") is a newly established investment trust which is externally managed by Fundsmith LLP. The Company raised gross proceeds of £822.5 million upon its admission to the premium segment of the Official List and to trading on the London Stock Exchange's Main Market for listed securities on 19 October 2018.

Smithson's investments will be focused on a global basis on small and medium sized companies between £500 million and £15 billion in market capitalisation, and an average of £7 billion.

Further information on Smithson Investment Trust plc is available at https://www.smithson.co.uk.

The Company's LEI is: 52990070BDK2OKX5TH79.

 

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