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Pin to quick picksShires Inc. Regulatory News (SHRS)

Share Price Information for Shires Inc. (SHRS)

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Shires Income is an Investment Trust

To invest principally in the ordinary shares of UK quoted companies, and in preference shares, convertibles and other fixed income securities with above average yields.

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Issue of Equity

8 May 2019 17:07

RNS Number : 4283Y
Shires Income PLC
08 May 2019
 

SHIRES INCOME PLC

 

Legal Entity Identifier (LEI): 549300HVCIHNQNZAYA89

 

ISSUE OF EQUITY

 

8 May 2019

 

Shires Income PLC (the "Company") announces that it has issued 50,000 Ordinary shares at a price of 270.0 pence per share.

 

The reason for the new shares being issued is due to an excess of demand over supply in the market. Because of this the shares are trading at a premium to the net asset value and the only way to provide liquidity to satisfy market demand is through the issuing of new shares by the Company.

 

The shares rank pari passu with the existing Ordinary shares and dealings are expected to commence on 10 May 2019.

 

Following the transaction, the Company's share capital will comprise 30,229,580 issued Ordinary shares.

 

The total number of Ordinary shares with voting rights in the Company is 30,229,580 and this figure 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 Disclosure Guidance and Transparency Rules.

 

 

For further information please contact:

Aberdeen Asset Management PLC

Secretaries

Tel: 0131 528 4000

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.
 
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