Odyssean Investment Trust PLC Results of Share Issue (6547E)
July 08 2021 - 8:39AM
UK Regulatory
TIDMOIT
RNS Number : 6547E
Odyssean Investment Trust PLC
08 July 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN
ECONOMIC AREA.
LEI: 213800RWVAQJKXYHSZ74
8 July 2021
ODYSSEAN INVESTMENT TRUST PLC
Results of Share Issue
Odyssean Investment Trust PLC ("OIT" or the "Company") is
pleased to announce that it has raised GBP5.83 million through the
issue of 3,692,342 ordinary shares ("Ordinary Shares") at a price
of 158p per Ordinary Share (the "Issue"), including a total of
3,033,767 Ordinary Shares to be issued to Related Parties.
The net proceeds of the Issue will be invested in accordance
with OIT's investment policy.
Applications have been made for 3,692,342 Ordinary Shares to be
admitted to the premium segment of the Official List and to trading
on the Main Market of the London Stock Exchange ("Admission"). It
is expected that Admission will become effective at 8.00 a.m. on 13
July 2021 and that dealings in the New Ordinary Shares will
commence at that time.
The New Ordinary Shares will, when issued, be credited as fully
paid and rank pari passu with the existing Ordinary Shares in the
capital of the Company, including the right to receive all future
dividends and distributions declared, made or paid.
Immediately following Admission, the Company's issued share
capital will consist of 92,949,553 Ordinary Shares with voting
rights. This figure may be used by shareholders in determining the
denominator for the calculation by which they will establish 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.
The Issue is conditional, among other things, on Admission being
effective and the Placing Agreement not being terminated in
accordance with its terms.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
announcement by OIT at 7:00am on 8 July 2021.
For further information please contact:
Odyssean Capital
Stuart Widdowson +44(0) 7710 031 620
Winterflood Securities Limited
Darren Willis
Neil Langford
Hande Derinkok +44(0)20 3100 0000
Frostrow Capital LLP
David Harris +44 (0)20 3427 3835
About Odyssean Investment Trust PLC
Odyssean Investment Trust PLC ("OIT") is a closed-ended
investment trust that seeks to deliver attractive returns to its
shareholders by investing in higher quality businesses and
supporting them to become even better. To achieve this the Board
has appointed Odyssean Capital LLP ("Portfolio Manager") to manage
the portfolio.
OIT invests in a concentrated portfolio of well-researched
smaller companies, typically too small for inclusion in the FTSE
250. Constructive corporate engagement is a key part of the
Portfolio Manager's approach, drawing on the investment team's
lengthy and successful track record in this area.
Further details of the Company can be found on its website
www.oitplc.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ROIDKFBNBBKDAOK
(END) Dow Jones Newswires
July 08, 2021 08:39 ET (12:39 GMT)
Odyssean Investment (LSE:OIT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Odyssean Investment (LSE:OIT)
Historical Stock Chart
From Jul 2023 to Jul 2024