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RIGHTS AND ISSUES INVESTMENT TRUST PLC Rights and Issues Investment Trust PLC: TEN-Tender Offer Update

Directive transparence : information réglementée

03/10/2022 17:13

Rights and Issues Investment Trust PLC (RIII)
Rights and Issues Investment Trust PLC: TEN-Tender Offer Update

03-Oct-2022 / 16:13 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


For immediate release 3 October 2022

 

 

 

RIGHTS AND ISSUES INVESTMENT TRUST PLC (the “Company”)

 

Tender Offer Update

 

Tender Offer Update

 

As previously announced, the settlement of the Tender Offer is subject to the terms and conditions of the Tender Offer being met, including but not limited to the condition that the Tender Offer is subject to the FCA not deciding to exercise any power so as to prevent the implementation of the Company’s proposed appointment of JUTM as its AIFM within the period (including any extension) specified therefore in accordance with the UK AIFM Regulations.

 

The Board hereby confirms that the Tender Offer is now unconditional.  Therefore 706,904 Ordinary Shares in respect of which tenders have been accepted will be purchased by finnCap Limited ("finnCap") pursuant to the Tender Offer and the Company will buy-back such Ordinary Shares from finnCap for cancellation.

 

Total Voting Rights

 

As at 3 October 2022 and following the Tender Offer becoming unconditional, the issued share capital of the Company will comprise 6,313,167 Ordinary Shares. All Ordinary Shares have 1 vote per share.

 

Therefore, the total number of voting rights in the Company will be 6,313,167 and 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.

 

Capitalised terms and expressions shall have the same meanings as those attributed to them in the Circular.

 

For further information please contact:

 

 

finnCap Limited

 

 

William Marle / George Dollemore – Corporate Finance 

+44 (0) 20 7220 0500

Mark Whitfeld / Pauline Tribe – Sales 

+44 (0) 20 7220 0500

 

 

Maitland Administration Services Limited

 

 

 

cosec@maitlandgroup.com

+44 (0) 1245 398950

 

 

 

 



ISIN: GB0007392078
Category Code: TEN
TIDM: RIII
LEI Code: 2138002AWAM93Z6BP574
OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
Sequence No.: 192089
EQS News ID: 1455691

 
End of Announcement EQS News Service

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