Global Resources Inv - Major Shareholding

Grit Investment Trust

24/12/2020 12:40

RNS Number : 8700J

Global Resources Investment Tst PLC

24 December 2020

 

Market Abuse Regulation (MAR) disclosure

 

Certain statements in this announcement contain inside information for the purpose of Article 7 of EU Regulation 596/2014.

 

 

Global Resources Investment Trust PLC

("GRIT" or "the Company")

 

Major shareholding

 

 

The Company announces that it has been advised by Mr Peter Yunghanns, the beneficial owner of 12,561,896 ordinary shares in GRIT, representing 29.93% of the current issued share capital of the Company (24.95% on completion of the issue of shares approved at the General Meeting on 21 December 2020), that on 21 December 2020 he entered into a conditional contract for the sale of the whole of his shareholding to Peterhouse Capital Limited ("Peterhouse"), the Company's broker.  We are further advised by Peterhouse that, as part of the completion process, it intends to place all or a material proportion of the shares with third party clients.

The contract for sale is conditional upon and will take effect from the lifting of the suspension of trading in the Company's shares.  If this has not been achieved by 1 March 2021 the vendor has the right to terminate the contract for sale.

It is anticipated that the vendor and the purchaser will file the appropriate notifications of major shareholdings on completion of the share transfer.

 

The Directors accept responsibility for this announcement.

 

 

For further information, please contact:

 

Global Resources Investment Trust PLC
Tel: +44 (0) 203 198 2554
James Normand
Beaumont Cornish Ltd
Tel: +44 (0) 207 628 3396
Roland Cornish
Felicity Geidt
Peterhouse Capital Limited
Tel: +44 (0) 207 469 0930
Lucy Williams
Duncan Vasey
Heena Karani


 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 
  END

 

 
HOLEAAALADKEFFA