24 May 2019 12:11
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24 May 2019
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The Merchants Trust PLC
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In accordance with the policy announced on 19 March 2019, the Company has today issued a further 200,000 new ordinary shares of 25p each from the Company's general corporate purposes block listing facility at a price of 480.6p per share. This represents a premium of 1.01% to the current net asset value. Â These shares are issued under the waiver of pre-emption rights authorised by shareholders at the annual general meeting and rank pari passu with existing shares in issue.
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Following this issue, the Company has the ability to issue 3,416,344 ordinary shares under its block listing facility. As a result of this allotment, the total number of ordinary shares in issue now stands at 109,678,464.
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The above figure (109,678,464) 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 and Transparency Rules.
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