REG-The Diverse Income Trust Plc: Redemption of Ordinary Shares and Total Voting Rights

Diverse Income TrustAnnouncement

01/09/2025 07:02

DIVERSE INCOME TRUST PLC (the "Company")

 

Redemption of Ordinary Shares and Total Voting Rights

 

The Company has a redemption facility through which shareholders are entitled
to request the redemption of all or part of their holding of ordinary shares
of 0.1 pence each ("Ordinary Shares") on an annual basis (the "Redemption
Facility"). The operation of the Redemption Facility is entirely at the
discretion of the board of directors of the Company (the "Board"). The
deadline for the 29 August 2025 Redemption Point was 29 July 2025.

 

As announced on 1 August 2025, the total number of Ordinary Shares in respect
of which valid redemption requests were received for the 29 August 2025
Redemption Point was 72,822,392 Ordinary Shares (the "Redemption",
representing 30.806% of the issued share capital)

 

The Board has resolved to effect the Redemption using the redemption pool
method set out in the Company's articles of association (the "Articles").

 

The Company has divided its assets and liabilities into two pools:

 

(i)                  the redemption pool, which will consist
of cash, assets and liabilities attributable to the 72,822,392 Ordinary Shares
over which valid redemption requests were made ("Redemption Pool" and
"Redemption Shares"); and

 

(ii)                all the other cash, assets and liabilities
will be attributable to the remaining shareholders and will continue to be
managed in accordance with the current investment policy.

 

Following this division, the Redemption Shares were redeemed on 29 August 2025
and upon such redemption are treated as cancelled; former holders of the
Redemption Shares are now creditors of the Company.

 

The assets of the Redemption Pool will be liquidated and the Redemption Price
per Ordinary Share will equal the aggregate cash received by the Company upon
the realisation of the Redemption Pool, after deducting the costs of the
redemption, which will be borne by the pool, an adjustment for any
attributable unsettled liabilities and a pro-rata share of the costs and
expenses of the Company not attributable to a particular pool, divided by the
number of Redemption Shares, as set out in the Articles.

 

It should be noted that the liquidation of the Redemption Pool is expected to
take some weeks or months, and the final capital sum may differ from the
Company's net asset value per Ordinary Share at the Redemption Point depending
on market conditions.

 

Further announcements in respect of the Redemption Pool will be made when
appropriate.

 

 

Total Voting Rights

 

As at 29 August 2025, following the cancellation of the Redemption Shares, the
Company's issued share capital consists of 163,570,773 Ordinary Shares and
50,000 management shares of £1 each. The Company does not hold any shares in
treasury. As at 29 August 2025, the total number of voting rights in the
Company is 163,570,773.

 

The above figure (163,570,773) may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest, or a change to their interest, in the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Defined terms in the announcement have the same meaning as set out in the
Articles of Association, a copy of which may be obtained from the Company
Secretary.

 

1 September 2025

 

 

Contact details:

 

 Premier Miton Group plc                                                    
 Gervais Williams         gervais.williams@premiermiton.com  01483 306090   
 Martin Turner            martin.turner@premiermiton.com                    
 Claire Long              claire.long@premiermiton.com                      
                                                                            
 Panmure Liberum                                                            
 Alex Collins             Alex.collins@panmureliberum.com    020 7886 2767  

 

LEI:  2138005QFXYHJM551U45

 



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