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REG - GRIT Investment Tst. - Issue of Equity

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RNS Number : 0039V  GRIT Investment Trust PLC  28 January 2025

28 January 2025

 

GRIT Investment Trust plc

("GRIT" or "the Company")

 

Issue of Equity in settlement of professional fees

GRIT Investment Trust Plc (LSE: GRIT) has issued 6,524,880 ordinary shares at
a price of £0.0125 per share, which represents the mid-market price prior to
suspension of trading ("Settlement Shares").  The Settlement Shares were
issued to settle outstanding professional advisory fees.

The Settlement Shares were issued on 28 January 2025, bringing the total
number of Ordinary Shares in issue with voting rights in the Company to
24,723,175 ordinary shares ("Total Voting Rights"). The Company holds no
shares in treasury.

The Total Voting Rights figure may now 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 a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company intends to apply to the FCA and to the London Stock Exchange for
the Settlement Shares to be admitted to listing on the Official List and to
trading on the London Stock Exchange's Main Market for Listed Securities
("Admission"). A further announcement regarding the Admission of these
Settlement Shares will be made once the suspension of the Company's ordinary
shares has been lifted.

The Directors of the Company take responsibility for the contents of this
announcement.

 

Enquiries:

GRIT Investment Trust Plc

Tel: +44 (0) 20 3198 2554

Peterhouse Capital Limited (Broker)

Tel: +44 (0) 207 469 0930

 

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