25 Mar 2024 14:47
To: RNS
From: Troy Income & Growth Trust plc
LEI: 213800HLNMQ1R6VBLU75
Date: 25 March 2024
TROY INCOME & GROWTH TRUST PLC
Reclassification of Shares
Further to the Company's announcement on 15 March 2024 regarding the result of Shareholders' elections in connection with the proposals for a combination of the assets of Troy Income & Growth Trust plc (the "Company") with STS Global Income & Growth Trust plc ("STS") by means of a scheme of reconstruction and members' voluntary liquidation of the Company under section 110 of the Insolvency Act 1986 (the "Scheme"), the Company confirms that, in accordance with the Scheme, Ordinary Shares of 25 pence each in the capital of the Company have been reclassified as follows:
· Reclassified as shares with "A" rights (being the right to receive New STS Shares): 163,842,843 Shares.
· Reclassified as shares with "B" rights (being the right to receive cash): 68,632,644 Shares.
Applications have been made to the FCA and to the London Stock Exchange for the Ordinary Shares to be reclassified for listing and trading purposes with effect from 8:00 a.m. on 26 March 2024. The listing of the Company's Reclassified Shares is subsequently expected to be suspended at 7.30 a.m. on 27 March 2024.
Capitalised terms used but not defined in this announcement have the meanings given in the Company's circular to Shareholders dated 23 February 2024 (the "Circular").
The Circular is available for viewing on the Company's website at https://www.tigt.co.uk and the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
All enquiries
Juniper Partners Limited (Company Secretary)Tel: 0131 378 0500