Voluntary Redemption of Ordinary Shares and TVR
Summary by AI BETAClose X
2 December 2025
LEI: 21380033EKFQS15X1W22
MOBIUS INVESTMENT TRUST PLC
(the "Company")
Voluntary Redemption of Ordinary Shares and Total Voting Rights
As set out in the announcement on 3 October 2025, the Company has a redemption facility through which shareholders are entitled to request the redemption of all or part of their holding of ordinary shares every three years. The deadline for the 1 December 2025 Redemption Point was 3 November 2025.
As announced on 4 November 2025, the total number of ordinary shares in respect of which valid redemption requests were received for the 1 December 2025 Redemption Point was 49,729,629 (representing 43.1% of the issued share capital) (the "Redemption").
The Board has resolved to effect the Redemption using the redemption pool method set out in the Company's Articles of Association (the "Articles").
The Company has notionally divided the assets and liabilities into two pools:
(i) the redemption pool, which will consist of cash, assets and liabilities attributable to the 49,729,629 ordinary shares over which valid redemption requests were made ("Redemption Pool" and "Redemption Shares"); and
(ii) the continuing pool, which will contain all the other cash, assets and liabilities of the Company ("Continuing Pool").
Following this division, the Redemption Shares have been redeemed with effect from 5.00pm on 1 December 2025 and upon such redemption are treated as cancelled; former holders of the Redemption Shares are now creditors of the Company.
The assets of the Redemption Pool will be liquidated and the Redemption Price per ordinary share will equal the aggregate cash received by the Company upon the realisation of the Redemption Pool, after deducting the costs of the Redemption, which will be borne by the relevant pool, an adjustment for any attributable unsettled liabilities and a pro-rata share of the costs and expenses of the Company not attributable to a particular pool, divided by the number of Redemption Shares, as set out in the Articles.
It should be noted that the liquidation of the Redemption Pool is expected to take some time, and the final capital sum will not be equal to the Company's net asset value per ordinary share at the Redemption Point.
Further announcements in respect of the Redemption Pool will be made when appropriate.
Total Voting Rights
From 5.00pm on 1 December 2025, following the cancellation of the Redemption Shares, the Company's issued share capital consists of 65,690,707 ordinary shares of £0.01 each and 50,000 Management Shares of £1 each. The Company does not hold any shares in Treasury. As at 5.00pm on 1 December 2025, the total number of voting rights in the Company is 65,690,707.
The above figure of 65,690,707 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary and is also available on the Company's website.
Enquiries
|
Company Secretary Frostrow Capital LLP Kerstin Rucht, Tel: 0203 709 8732 Richard Plaskett, Tel: 0203 709 2407
Registrar Computershare Investor Services PLC The Pavilions Bridgwater Road Bristol BS13 8AE Tel: +44 (0) 370 703 6304
Corporate Broker Peel Hunt LLP Luke Simpson / Huw Jeremy Tel: 0207 418 8900 |
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