To: RNS
From: CT UK High Income Trust
PLC
Date: 16 February
2024
LEI:
213800B7D5D7RVZZPV45
CT UK
High Income Trust PLC (the "Company")
CANCELLATION OF
THE ADMISSION OF THE COMPANY'S UNITS TO TRADING ON THE MAIN MARKET
OF THE LONDON STOCK EXCHANGE
The Company currently has units, each comprising
3 ordinary shares of 0.1p each ("Ordinary Shares") and 1 B share of 0.1p
each ("B Shares") in the
capital of the Company, (the "Units") admitted to trading on the main
market of the London Stock Exchange (the "Main Market") under ISIN GB00B1N4H933,
SEDOL B1N4H93 and ticker CHIU.
In order to simplify the Company's listing
structure, the Company is proposing to cancel the admission of its
Units to trading on the Main Market which will mean that holders of
the Units will instead hold and be able to trade their underlying
Ordinary Shares and B Shares independently (the "Cancellation"). The
Company's Ordinary Shares and B Shares are already admitted to
trading on the Main Market and listed on the Official List of the
Financial Conduct Authority.
Upon the Cancellation taking effect, for every
Unit held, each holder will hold directly (as opposed to through
the Unit structure) 3 Ordinary Shares and 1 B Share and will either
receive share certificates representing the same (if they hold
their Units in certificated form) or have their CREST accounts
updated accordingly (if they hold their Units in uncertificated
form). The Cancellation will have no impact on a Unit
holder's voting rights nor their rights to receive dividends (in
respect of their Ordinary Shares) and capital repayments (in
respect of their B Shares) from the Company. Following the
Cancellation, such holders will be able to hold and trade their
underlying Ordinary Shares and B Shares independently.
It is currently expected that the Record date
will be 6pm on Friday 22 March 2024 and the Cancellation will take
effect at 8.00 a.m. on Monday 25 March 2024.
The Company's issued share capital, which
currently comprises 102,067,144 Ordinary Shares and 32,076,703 B
Shares, of which 18,744,491 Ordinary shares and 1,367,953 B shares
are held in treasury, will not change as a result of the
Cancellation. Therefore, (in the absence of share buybacks or
issuances before 25 March 2024) the total number of shares with
voting rights in the Company is expected to be 83,322,653 Ordinary
Shares and 30,708,750 B Shares.
If so, the above figures (83,322,653 Ordinary
Shares and 30,708,750 B Shares) 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 Disclosure Guidance and
Transparency Rules.
Name of contact and telephone number
for enquiries:
David Moss, Columbia Threadneedle
Investment Business
Limited 0131
573 8300
Ian Ridge, Columbia Threadneedle
Investment Business
Limited
0131 573 8300