REG-The Lindsell Train Investment Trust plc: Proposed Share Split

Lindsell Train Investment TrustAnnouncement

13/06/2025 07:02

Legal Entity Identifier: 213800VMBJH2TCFDZU08

 

13 June 2025

 

 

 

THE LINDSELL TRAIN INVESTMENT TRUST PLC

(the “Company”)

 

Proposed Share Split

 

As announced in the annual results published today, The Lindsell Train
Investment Trust plc (the "Company") announces that Shareholders will be
requested at the Annual General Meeting to be held on 11 September
2025 (the "AGM") to approve the sub-division (the “Share Split”) of the
Ordinary Shares of 75 pence each (each an "Existing Ordinary Share") into
100 new Ordinary Shares of 0.75 pence each (each a "New Ordinary Share").
The Share Split is intended to assist monthly savers, those who reinvest
their dividends and those who are looking to invest smaller amounts. The
Directors believe that the Share Split may also improve the liquidity of the
Company’s shares, which would benefit all Shareholders.

The Share Split requires the approval of Shareholders and, accordingly,
resolution 13 at the AGM seeks such approval. The Share Split is also
conditional on the New Ordinary Shares being admitted to the Official List of
the Financial Conduct Authority and to trading on the main market of the
London Stock Exchange. Applications for such admissions will be made and, if
they are accepted, it is proposed that the last day of dealings in the
Existing Ordinary Shares will be 23 September 2025 (with the record date for
the Share Split being 6.00pm on that date) and that dealings in the New
Ordinary Shares will commence on 24 September 2025. If resolution 13 is passed
at the AGM, the Share Split will become effective on admission of the New
Ordinary Shares to the Official List, which is expected to be at 8.00am on 24
September 2025.

The New Ordinary Shares will have a new ISIN and SEDOL as follows:

New ISIN: GB00BNKDVV71

New SEDOL: BNKDVV7

The ticker for the New Ordinary Shares will remain the same as the ticker for
the Existing Ordinary Shares (LTI).

Following the Share Split, each shareholder will hold 100 New Ordinary Shares
for each Existing Ordinary Share they held immediately prior to the Share
Split. Whilst the Share Split will increase the number of Ordinary Shares the
Company has in issue, upon the Share Split becoming effective the net asset
value, share price and dividend per share can be expected to become
one-hundredth of their respective values immediately preceding the Share
Split. A holding of New Ordinary Shares following the Share Split will
represent the same proportion of the issued Ordinary Share capital of the
Company as the corresponding holding of Existing Ordinary Shares immediately
prior to the Share Split. The Share Split will not affect, therefore, the
overall value of a shareholder’s holding in the Company.

The New Ordinary Shares will rank pari passu with each other and will carry
the same rights and be subject to the same restrictions as the Existing
Ordinary Shares, including the same rights to participate in dividends paid by
the Company. Communication preferences and mandates and other instructions for
the payment of dividends in paper form or via CREST will, unless and until
revised, continue to apply to the New Ordinary Shares.

Expected Timetable

 

 Publication of Annual Report and Notice of AGM                                                                                                                         13 June 2025                     
 AGM                                                                                                                                                                    11.00 a.m. on 11 September 2025  
 Last day of dealings in the Existing Ordinary Shares                                                                                                                   23 September 2025                
 Record date for the Share Split and ISIN of the Existing Ordinary Shares disabled in CREST                                                                             6.00 p.m. on 23 September 2025   
 Admission effective and dealings commence in New Ordinary Shares                                                                                                       8.00 a.m. on 24 September 2025   
 New Ordinary Shares credited to CREST accounts                                                                                                                         24 September 2025                
 Issue of new share certificates in respect of the New Ordinary Shares to be issued to those shareholders who hold their Existing Ordinary Shares in certificated form  by 8 October 2025                

-ENDS-

 

Enquiries:

Victoria Hale

Frostrow Capital LLP

Company Secretary

 

Tel:  020 3008 4910

  

 



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