Baillie Gifford European Grw Ts PLC Share Split and Total Voting Rights (3681N)
January 29 2021 - 5:24AM
UK Regulatory
TIDMBGEU
RNS Number : 3681N
Baillie Gifford European Grw Ts PLC
29 January 2021
Baillie Gifford European Growth Trust plc
Legal Entity Identifier: 213800QNN9EHZ4SC1R12
Share Split and Total Voting Rights
Baillie Gifford European Growth Trust plc (the "Company") today
announces further details of the previously announced sub-division
(the "Share Split") of the ordinary shares of 25p each (each an
"Ordinary Share") into 10 ordinary shares of 2.5p each (each a "New
Ordinary Share"). The Share Split was approved at the Annual
General Meeting of the Company held on 21 January 2021.
As disclosed in the Company's Annual Report and Financial
Statements, the last day of trading in the Ordinary Shares will be
29 January 2021, following which the Share Split will take effect
and it is expected that the New Ordinary Shares will be admitted to
trading on the main market of the London Stock Exchange at 8.00am
on 1 February 2021.
Shareholders will receive 10 New Ordinary Shares in exchange for
each Ordinary Share held on 29 January 2021. CREST accounts will be
credited with New Ordinary Shares on 1 February 2021 and share
certificates in respect of the New Ordinary Shares are expected to
be posted to shareholders no later than Friday 5 February 2021.
The New Ordinary Shares will have a new ISIN and SEDOL, as
follows:
New ISIN: GB00BMC7T380
SEDOL: BMC7T38
The ticker for the New Ordinary Shares will remain the same as
the ticker for the Ordinary Shares (BGEU). The New Ordinary Shares
will rank pari passu with each other and will be subject to the
same rights and restrictions as the existing Ordinary Shares. A
holding of New Ordinary Shares following the Share Split will
represent the same proportion of the issued ordinary share capital
of the Company as the corresponding holding of existing Ordinary
Shares.
The Company currently has 40,244,369 Ordinary Shares in issue
(including 4,024,436 held in Treasury). On this basis, in
accordance with the Financial Conduct Authority's ('FCA')
Disclosure Guidance and Transparency Rules, the Company advises
that following the completion of the Share Split, as at 1 February
2021 the Company will have 402,443,690 New Ordinary Shares in issue
(including 40,244,360 held in Treasury assuming no shares are
bought back by the Company before 1 February 2021). Each such
ordinary share has one vote per share.
Therefore, as at 1 February 2021, the total number of voting
rights for ordinary shareholders in the Company will be
362,199,330.
The above figure (362,199,330) 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 FCA's Disclosure Guidance
and Transparency Rules.
Applications are being made to the Financial Conduct Authority
to amend the Official List, and to the London Stock Exchange to
amend the outstanding number of ordinary shares in issue with
effect from 1 February 2021.
Baillie Gifford & Co Limited
Managers and Company Secretaries
29 January 2021
Regulated Information Classification: Additional regulated
information required to be disclosed under applicable laws
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END
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