REG - GRIT Investment Tst. - Temporary Suspension of listing

Grit Investment TrustAnnouncement

20/03/2024 08:00

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RNS Number : 5686H  GRIT Investment Trust PLC  20 March 2024

For immediate
release
                              20 March 2024

 

GRIT Investment Trust plc

("GRIT" or "the Company")

Temporary suspension of listing

 

GRIT Investment Trust Plc (LSE: GRIT) announces that given that the Company is
currently unable to meet its ongoing obligations as a closed-ended investment
fund under Listing Rule 15 due to its present investing policy no longer
satisfying the requirement to invest and manage its assets in a way which is
consistent with its object of spreading investment risk, it has requested that
the listing in its shares be temporarily suspended with effect from 07.30 this
morning, Wednesday 20 March 2024.

It is anticipated that the suspension will be lifted under Listing Rule 15.4.9
if the Company decides to continue as a closed-ended investment fund and when
it has submitted any proposed material change to its published investment
policy to the Financial Conduct Authority for approval and has thereafter
gained shareholder  approval.

Alternatively, in the event that the Company enters into a transaction which
constitutes a reverse takeover, the Company would under Listing Rule 5.6 seek
a cancellation of the existing listing and the admission to listing of the
Company on effective completion of that reverse transaction ("Re-admission")
and would publish a prospectus in support of its application.

This announcement contains inside information for the purposes of Article 7 of
Regulation 2014/596/EU which is part of domestic UK law pursuant to the
Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

 

Enquiries:

GRIT Investment Trust plc

Tel: +44 (0) 20 3198 2554

 

Peterhouse Capital Limited (Broker)

Heena Karani and Duncan Vasey

Tel: +44 (0) 207 469 0930

 

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