Issue of Equity - Replacement

RNS Number : 3123B

Witan Investment Trust PLC

05 January 2015

 

Further to RNS announcement 8701A released on 29 December 2014 at 17:36, the Company confirms that the shares were issued at a premium to the prevailing net asset value in order to satisfy investor demand.

All other details remain unchanged.

The full updated text is shown below.

WITAN INVESTMENT TRUST PLC

ISSUE OF EQUITY 29 December 2014

The Board of Witan Investment Trust plc hereby gives notification that, pursuant to the authority granted at the Annual General Meeting of the Company held on 30 April 2014 to allot shares for cash, it has today issued 250,000 ordinary shares of 25p at 773 pence per share, in order to satisfy investor demand. The shares were issued at a premium to the prevailing net asset value. These shares rank pari passu with the existing ordinary shares in issue.

Application has been made to the UKLA and London Stock Exchange for the admission of the shares to the Official List and to trading on the main market of the London Stock Exchange and admission is expected on 6 January 2015.

Following this issue, the Company has in issue 189,561,000 ordinary shares of 25p each.

The capital of the Company with full voting rights is now 189,561,000 ordinary shares of 25p each.  On a poll, ordinary shareholders have one vote for every £1 in nominal value (i.e. four ordinary shares are required for one vote).  Therefore, the total number of voting rights is 47,390,250 (i.e. one vote for every four shares in issue) and this figure may be used as the denominator for calculations of interests in the Company's voting rights.

For further information, please contact:

Andrew Bell

Chief Executive Officer

Witan Investment Trust plc

Telephone:  [phone]

 

END

 

 

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