Result of Tap Issue

RNS Number : 4285E

Ashoka India Equity Investment Tst

04 July 2019

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.

4 July 2019

ASHOKA INDIA EQUITY INVESTMENT TRUST PLC

Result of Tap Issue

Further to its announcement on 21 June 2019, Ashoka India Equity Investment Trust plc (the "Company") announces that it has received applications for 4,742,972 of its ordinary shares of one penny each ("Ordinary Shares"). The Ordinary Shares will be issued at a price of 111.7 pence per Ordinary Share, a premium to the prevailing net asset value (cum income) per Ordinary Share.

Applications have been made for admission of the Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's main market for listed securities ("Admission"). Admission is expected to occur at 8.00 a.m. on 8 July 2019.

Following the issue of Ordinary Shares, the Company's issued share capital will comprise 54,866,058 Ordinary Shares and this is the total number of Ordinary Shares with voting rights in the Company. This figure (54,866,058) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The Company's LEI is 213800KX5ZS1NGAR2J89.

For further information please contact:

Peel Hunt LLP

Luke Simpson / Liz Yong (Corporate) Mark Thompson / Chris Bunstead (Sales)	Tel: [phone]

 

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