Edinburgh Worldwide Inv Trust PLC Blocklisting Application (7458B)
January 12 2018 - 5:50AM
UK Regulatory
TIDMEWI
RNS Number : 7458B
Edinburgh Worldwide Inv Trust PLC
12 January 2018
Edinburgh Worldwide Investment Trust plc
Block Listing Application
The Board of Edinburgh Worldwide Investment Trust plc (the
"Company") announces that the Company has made an application to
the UK Listing Authority for a block listing of 2,472,715 ordinary
shares of 5p each ("Shares") to be admitted to the Official List of
the UK Listing Authority and to the London Stock Exchange for the
Shares to be admitted to trading on the premium segment of the Main
Market for listed securities.
The Company has an existing shareholder authority to issue up to
5 per cent. of the Company's issued share capital on a
non-pre-emptive basis which was obtained at the AGM in January
2017. The Board has determined that this authority may be utilised
to satisfy market demand by issuing new Shares at a premium to NAV.
Shares will be issued under the block listing to satisfy continuing
demand that cannot be met through the secondary market, and the
proceeds of share issuance under the block listing will be used for
investment in accordance with the Company's investment policy.
The block listing is expected to become effective at 8 a.m. on
15 January 2018. Any issue of new Shares will be notified by the
Company through a RIS announcement.
Baillie Gifford & Co Limited
Company Secretaries
12 January 2018
Legal Entity Identifier: 213800JUA8RKIDDLH380
Regulated Information Classification: Additional regulated
information required to be disclosed under the laws of a Member
State of the EU.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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