Issue of Equity (2071Y)
December 17 2010 - 9:02AM
UK Regulatory
TIDMPEW TIDMPRF
RNS Number : 2071Y
Premier Energy & Water Trust PLC
17 December 2010
Premier Energy and Water Trust PLC
Share issue
For immediate release
17 December 2010
Reconstruction Proposals whereby Premier Renewable Energy Fund
Limited ("PREF") is liquidated and its shareholders offered the
opportunity to roll over their investment into New Shares to be
issued by Premier Energy and Water Trust PLC ("PEWT") were set out
in a circular to PREF Shareholders dated 30 November 2010
accompanied by a Prospectus issued by PEWT. Words and expressions
in this announcement have the same meanings as in that
Prospectus.
The reconstruction Proposals have now been approved and the
Board of PEWT has allotted 3,965,415 New PEWT Ordinary Shares and
2,779,377 New PEWT ZDP Shares in respect of the portfolio of assets
acquired from PREF. In order to maintain broadly the same
proportion of PEWT Ordinary Shares to PEWT ZDP Shares, the Board
has also allotted 2,064,600 new PEWT ZDP Shares, which have been
placed for cash at a price of 168 pence each by Fairfax I.S. PLC.
These allotments are subject solely to the admission of the
3,965,415 New PEWT Ordinary Shares and 4,843,977 New PEWT ZDP
Shares to Listing and to trading on the main market of London Stock
Exchange PLC. Application for Admission has been applied for and it
is expected that dealings will commence on 20 December 2010.
Following the above issue of New PEWT Shares, the issued share
capital of PEWT comprises:
17,068,480 Ordinary Shares of 1p each with ISIN GB0033537902;
and
21,180,373 Zero Dividend Preference Shares of 1p each with ISIN
GB0033538207.
Both the above classes of share carry the right to vote at
general meetings of PEWT.
For further information contact:
Premier Fund Managers Limited
Nigel Sidebottom Tel: 01483 400465
Fairfax I.S. PLC (sponsor, adviser and joint broker to PEWT)
David Floyd / Gillian McCarthy Tel: 020 7598 5368
This information is provided by RNS
The company news service from the London Stock Exchange
END
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