Global Resources Investment Tst PLC Result of Meeting (8185X)
January 07 2022 - 8:50AM
UK Regulatory
TIDMGRIT
RNS Number : 8185X
Global Resources Investment Tst PLC
07 January 2022
7 January 2022
Global Resources Investment Trust plc
'GRIT' or 'the Company'
Result of General Meeting
Share Capital Re-organisation
Change of name
Total voting rights
GRIT is pleased to announce that at the Company's General
Meeting held earlier today, all resolutions were duly passed.
On 14 December 2021, the Company published a Circular in
connection with Proposals to approve a share capital
reorganisation, to seek authorities to issue New Ordinary Shares
both as regards the conversion of outstanding convertible loan
notes ("CLNs") and in respect of a further equity fundraise, to
adopt new articles of association and to change the name of the
Company to "GRIT Investment Trust plc". A link to the full details
of the votes are set out below.
Share Capital Reorganisation
Each Existing Ordinary Share of 1p will be sub-divided into one
ordinary share of 0.25p and one Deferred Share of 0.75p. Each 10
ordinary shares of 0.25p each will then be consolidated into a New
Ordinary Share of 2.5 pence. The rights attaching to the New
Ordinary Shares will be identical in all respects to those of the
Existing Ordinary Shares. Full details are set out in the Company's
announcement of 14 December 2021.
Application has been made for the New Ordinary Shares to be
admitted to the premium listing segment of the Official List of the
Financial Conduct Authority and to trading on the London Stock
Exchange's Main Market for listed securities to commence at 08.00
on 10 January 2022 ("Admission").
The ISIN and SEDOL numbers for the New Ordinary Shares will be
GB00BL594W83 and BL594W8. The ticker of GRIT will remain the same,
as will the Company's website address of www.grinvestmenttrust.com
.
Change of name
The Company's name will change to "GRIT Investment Trust plc" in
due course, and the Company will notify the market.
Total voting rights
At Admission and in accordance with the requirements of the
FCA's Disclosure Guidance and Transparency Rule 5.6.1A, the Company
hereby notifies the market that the Company's issued share capital
will consist of 50,357,414 ordinary shares of 2.5 pence each and
therefore the total number of voting rights in the Company will be
50,357,414.
The above figure may be used by shareholders and others with
notification obligations as their 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.
Further information on votes
The resolutions were all passed on a poll, with votes cast in
accordance with proxy voting instructions submitted to the Company
by the relevant deadline, together with those cast at the General
Meeting itself, and may be viewed by a link to this announcement,
and will be available on the National Storage Mechanism
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The result
of poll and proxy voting will also be available on the Company's
website www.grinvestmenttrust.com
http://www.rns-pdf.londonstockexchange.com/rns/8185X_1-2022-1-7.pdf
Enquiries:
Global Resources Investment Trust plc
Martin Lampshire
Tel: +44 (0) 20 3198 2554
Peterhouse Capital Limited
Lucy Williams/Duncan Vasey
Tel: +44 (0)20 7469 0930
Capitalised terms not otherwise defined in this announcement
have the same meaning given to them in the circular.
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END
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