Cancellation of Listing
June 22 2010 - 3:00AM
UK Regulatory
TIDMDDIT TIDMMNL
Stakeholders' Momentum Investment Trust plc
Cancellation of Listing
22 June 2010
The Board of Stakeholders' Momentum Investment Trust plc ("SMIT") announces
today the cancellation of the listing of SMIT's ordinary shares of 25p each
(ISIN GB0002974375) on the main market of the London Stock Exchange (the
"Cancellation"). The Cancellation is effective immediately.
On 21 May 2010, the Boards of SMIT and Manchester & London Investment Trust plc
("MLIT") notified the market of the Cancellation (and date thereof), in
accordance with Listing Rule 5.2.10R. This followed the receipt by MLIT of
valid acceptances of the recommended offer by MLIT in respect of SMIT Shares
carrying over 75 per cent. of the voting rights of SMIT.
Since Midas Investment Management Limited ("Midas") was appointed as manager on
the 3 December 2009, the portfolio of SMIT has outperformed the FTSE All Share
by 9.89 per cent. to 21 June 2010. The Board would like to thank Midas on
behalf of shareholders for generating this impressive outperformance during
difficult market conditions.
Enquiries
Manchester & London Investment Trust PLC Tel: 0161 242 8246
Peter Stanley www.manchesterandlondon.co.uk
Stakeholders' Momentum Investment Trust PLC Tel: 020 7148 7903
Liam Murray
Midas Investment Management Limited Tel: 0161 242 2895
(Investment Manager to MLIT and SMIT)
Mark Sheppard
Fairfax I.S. PLC Tel: 020 7598 5368
David Floyd, Rachel Rees
Libertas Capital Corporate Finance Limited Tel: 020 7569 9650
(adviser to SMIT)
Sandy Jamieson, Andrew McLennan
END
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