REG - Ashoka India Equity - Block Listing Application

Ashoka India Equity Investment TrustAnnouncement

25/04/2024 11:45

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RNS Number : 0609M  Ashoka India Equity Investment Tst  25 April 2024

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO
INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA,
JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER JURISDICTION IN WHICH THE
PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL.
PLEASE SEE THE SECTION ENTITLED "DISCLAIMER" TOWARDS THE END OF THIS
ANNOUNCEMENT.

25 April 2024

Ashoka India Equity Investment Trust plc

 

Block Listing Application

 

The Board of Ashoka India Equity Investment Trust plc (the "Company")
announces that application has been made to the Financial Conduct Authority
and to the London Stock Exchange for a block listing of 6,500,000 ordinary
shares of one penny each ("Ordinary Shares") in the Company to be admitted to
the Official List and to trading on the London Stock Exchange's market for
listed securities ("Admission").

 

The above 6,500,000 Ordinary Shares to be block listed may be issued pursuant
to the Company's existing authorities to issue new Ordinary Shares on a non
pre-emptive basis. These Ordinary Shares may be issued inter alia to satisfy
market demand and for the purposes of managing the premium to net asset value
(cum income) per Ordinary Share at which the Ordinary Shares are trading. When
issued, these Ordinary Shares will rank pari passu with the existing Ordinary
Shares in issue. It is expected that Admission will become effective on 29
April 2024.

 

The Company's LEI is: 213800KX5ZS1NGAR2J89

Enquiries:

Apex Listed Companies Services (UK) Limited

Jenny Thompson

0203 327 9720

 

Peel Hunt LLP

Luke Simpson, Liz Yong, Huw Jeremy (Investment Banking)

Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales)

020 7418 8900

 

Disclaimer

This announcement does not constitute a prospectus relating to the Company and
does not constitute, or form part of, any offer or invitation to sell or
issue, or any solicitation of any offer to purchase or subscribe for, any
shares in the Company in any jurisdiction nor shall it, or any part of it, or
the fact of its distribution, form the basis of, or be relied on in connection
with or act as any inducement to enter into, any contract therefor. Recipients
of this announcement who intend to purchase such shares are reminded that any
such purchase or subscription must be made solely on the basis of the
information contained in the Prospectus dated 24 April 2024 which is available
at the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism)  and from the
Company's registered office and on the Company's website
(https://ashokaindiaequity.com (https://ashokaindiaequity.com/) ).

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the
Financial Conduct Authority, is acting for the Company only in connection with
the matters described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in relation
thereto and will not be responsible for providing the regulatory protection
afforded to clients of Peel Hunt or advice to any other person in relation to
the matters contained herein.

The shares of the Company have not been, and will not be, registered under the
U.S. Securities Act of 1933 (as amended) (the "Securities Act") or under the
securities laws of any state or other jurisdiction of the United States, and
may not be offered or sold into or within the United States, absent
registration, except pursuant to an applicable exemption from, or in a
transaction that is not subject to, the registration requirements of the
Securities Act and in compliance with the securities laws of any relevant
state or other jurisdiction of the United States. The shares of the Company
may be offered outside of the United States pursuant to the provisions of
Regulation S of the Securities Act. Further, the Company is not, and will not
be, registered under the US Investment Company Act of 1940, as amended.
Moreover, the shares of the Company have not been, nor will they be,
registered under the applicable securities laws of India, Australia, Canada,
the Republic of South Africa, Japan or any member state of the EEA. Subject to
certain exceptions, the shares of the Company may not be offered or sold in
India, the United States, Australia, Canada, the Republic of South Africa,
Japan or any member state of the EEA (other than to professional investors in
certain EEA member states for which marketing approval has been obtained) or
to, or for the account or benefit of, any national, resident or citizen of
India, the United States, Australia, Canada, the Republic of South Africa,
Japan or any member state of the EEA (other than to professional investors in
certain EEA member states for which marketing approval has been obtained). The
distribution of this announcement, in other jurisdictions may be restricted by
law and the persons into whose possession this announcement comes should
inform themselves about, and observe, any such restrictions.

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