REG - GRIT Investment Tst. - Conversion of Existing Convertible Loan Notes

Grit Investment TrustAnnouncement

26/10/2022 12:00

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RNS Number : 2081E  GRIT Investment Trust PLC  26 October 2022

26 October 2022

GRIT Investment Trust PLC

("GRIT" or the "Company")

Conversion of Existing Convertible Loan Notes

Total Voting Rights

Conversion of Existing Convertible Loan Notes

The GRIT Board announces that with the consent of the Company, an aggregate of
£37,013.95 principal of Existing Convertible Loan Notes held by Richard
Lockwood, a Director of GRIT have been converted into 1,480,558 new ordinary
shares of 2.5p each in the Company (the "Conversion Shares") at a conversion
price of 2.5p per share, allotted and issued to Richard Lockwood.

Applications for Admission of the Conversion Shares

Applications have been made to the Financial Conduct Authority ("FCA") and the
London Stock Exchange for the 1,480,558 Conversion Shares to be admitted to
listing on the Official List (premium listing segment) and to trading on the
London Stock Exchange's main market for listed securities ("Admission"). It is
expected that Admission will become effective and trading in such Conversion
Shares will commence at 8.00 a.m. on 31 October 2022.

Total Voting Rights

Following the issue of the 1,480,558 Conversion Shares, which on Admission
will rank pari passu with the existing issued ordinary shares of 2.5p each
in the Company ("Ordinary Shares"), the total number of Ordinary Shares in
issue with voting rights in the Company will be 10,116,299. There are no
Ordinary Shares held in treasury by the Company.

The above figure of 10,116,299 may therefore be used by shareholders as the
denominator for the calculation by which they may determine if they are
required to notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

For more information, please contact:-

 

GRIT Investment Trust plc

Martin Lampshire

Tel: +44 (0) 20 3198 2554

 

Peterhouse Capital Limited

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7469 0930

The following information relating to the issue of the Conversion Shares to
Richard Lockwood has been filed with the FCA in accordance with Article 19(1)
of UK MAR:-

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Richard Lockwood
 2    Reason for the notification
 a)   Position/status                                              Director

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         GRIT Investment Trust PLC
 b)   LEI                                                          2138005OJKGWG3X4SY51
 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Ordinary shares of 2.5 pence

      Identification code

                                                                   ISIN: GB00BL594W83
 b)   Nature of the transaction                                    Issue of 1,480,558 shares on conversion of aggregate £37,013.95 Convertible
                                                                   Loan Notes.
 c)   Price(s) and volume(s)                                        Price     No. of shares
                                                                   2.5 pence  1,480,558

 
 d)   Aggregated information

      - Aggregated volume

      - Price                                                      1,480,558

                                                                   2.5 pence
 e)   Date of the transaction                                      31 October 2022
 f)   Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information

- Aggregated volume

- Price

 

 

1,480,558

2.5 pence

e)

Date of the transaction

31 October 2022

f)

Place of the transaction

Outside a trading venue

 

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