B Ordinary Capitalisation Issue Ratio
9 May 2014
Murray International Trust PLC
Capitalisation Issue of B Ordinary Shares
In accordance with the terms of the Articles of Association of the Company the Directors have resolved to make a bonus issue of B Ordinary shares which corresponds to the final dividend of 14.5p per Ordinary share announced on 10 March 2014.
On 16 May 2014 the Company will capitalise £3,581 being part of the sum standing at credit of the realised gains reserve and the Directors will issue 1.51659 new B Ordinary shares credited as fully paid for every 100 B Ordinary shares held at close of business on the record date of 4 April 2014 (resulting in the issue of 14,324 new B Ordinary shares based upon the 944,489 B Ordinary shares in issue on the record date).
Application is being made to the UK Listing Authority and the London Stock Exchange Plc for the 14,324 B Ordinary shares of 25p each ("Shares") to be admitted to the Official List. The B Ordinary Shares will rank pari passu with the existing B Ordinary shares and will be issued in respect of the capitalisation issue in lieu of the final dividend. Dealings are expected to commence in the new B Ordinary shares on 16 May 2014.
Definitive certificates in respect of the new B Ordinary shares arising from the capitalisation will be posted on 16 May 2014 to holders of B Ordinary shares on the record date.
This information is provided by RNS
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