Block listing application

RNS Number : 3773Z
Odyssean Investment Trust PLC
24 January 2022
 

24 January 2022

ODYSSEAN INVESTMENT TRUST PLC

LEI: 213800RWVAQJKXYHSZ74

Block listing application

 

The Board of Odyssean Investment Trust plc (the "Company") announces that the Company has made an application to the Financial Conduct Authority for a block listing of 5,000,000 ordinary shares of 1p 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. This block listing is in addition to the current block listing which has 910,000 shares remaining.

The Company has an existing shareholder authority to issue up to 20 per cent. of the Company's issued share capital, on a non-pre-emptive basis which was obtained at the Annual General Meeting on 22 September 2021 and of which 10.4% has been used to date. 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 Tuesday, 25 January 2022. Any issue of new Shares will be notified by the Company through a RIS announcement and the Company's website.

 

Frostrow Capital LLP

Company Secretary

Kerstin Rucht

Tel: 020 3709 8732

 

 

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