REG - GRIT Investment Tst. - PDMR Dealings
27/10/2022 16:00
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RNS Number : 3928E GRIT Investment Trust PLC 27 October 2022
27 October 2022
GRIT Investment Trust PLC
("GRIT" or the "Company")
Further to Conversion of Existing Convertible Loan Notes
PDMR/Director Dealings
Conversion of Existing Convertible Loan Notes
On 24 October 2022, the GRIT Board announced that Malcolm Burne, a Director of
GRIT, was issued with 1,500,000 new ordinary shares of 2.5p each in the
Company as a result of the conversion of £37,500 of Existing Convertible Loan
Notes (the "Conversion Shares"). The Conversion Shares have been admitted to
listing on the Official List (premium listing segment) and to trading on the
London Stock Exchange's main market for listed securities.
Acquisition of Existing Convertible Loan Notes
Further to the above Malcolm Burne has agreed, via Peterhouse Capital Limited,
with other holders of the Existing Convertible Loan Notes issued on 2 August
2021, to acquire £37,500 worth of the Existing Convertible Loan Notes in
exchange for 1,500,000 ordinary shares of GRIT.
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 acquisition of the Existing Loan
Notes following the issue of Conversion Shares to Malcolm Burne 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 Malcolm Burne
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 Disposal of 1,500,000 shares to acquire an aggregate £37,500 of Convertible
Loan Notes.
c) Price(s) and volume(s) Price No. of shares
2.5 pence 1,500,000
d) Aggregated information
- Aggregated volume
- Price 1,500,000
2.5 pence
e) Date of the transaction 27/10/2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Price
1,500,000
2.5 pence
e)
Date of the transaction
27/10/2022
f)
Place of the transaction
Outside a trading venue
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer of existing shares to GRIT Investment Trust Plc
which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii): Conversion of Convertible Loan Notes X
3. Details of person subject to the notification obligation (iv)
Name Malcolm Burne
City and country of registered office (if applicable) GB
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 27 Oct 2022
6. Date on which issuer notified (DD/MM/YYYY): 27 Oct 2022
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 26.372 0.000000 26.372 1,723,611
Position of previous notification (if 4.44 0.000000 4.44
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB00BL594W83 1,723,611 26.372
SUBTOTAL 8. A 1,723,611 26.372%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion London
Date of completion 27/10/22
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the underlying issuer of existing shares to GRIT Investment Trust Plc
which voting rights are attached (ii):
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name Malcolm Burne
City and country of registered office (if applicable) GB
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 27 Oct 2022
6. Date on which issuer notified (DD/MM/YYYY): 27 Oct 2022
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 3.42 0.000000 3.42 223,611
Position of previous notification (if 26.372 0.000000 26.372
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB00BL594W83 223,611 3.42
SUBTOTAL 8. A 223,611 3.42%
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion London
Date of completion 27/10/22
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