REG - Mobius Inv.Trust PLC - Voluntary Redemption of Ordinary Shares and TVR

Mobius Investment TrustAnnouncement

02/12/2025 07:00

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RNS Number : 7689J  Mobius Investment Trust PLC  02 December 2025

 

2 December 2025

 

LEI: 21380033EKFQS15X1W22

 

 

 

MOBIUS INVESTMENT TRUST PLC

(the "Company")

 

Voluntary Redemption of Ordinary Shares and Total Voting Rights

 

 

As set out in the announcement on 3 October 2025, the Company has a redemption
facility through which shareholders are entitled to request the redemption of
all or part of their holding of ordinary shares every three years. The
deadline for the 1 December 2025 Redemption Point was 3 November 2025.

As announced on 4 November 2025, the total number of ordinary shares in
respect of which valid redemption requests were received for the 1 December
2025 Redemption Point was 49,729,629 (representing 43.1% of the issued share
capital) (the "Redemption").

The Board has resolved to effect the Redemption using the redemption pool
method set out in the Company's Articles of Association (the "Articles").

The Company has notionally divided the assets and liabilities into two pools:

(i)      the redemption pool, which will consist of cash, assets and
liabilities attributable to the 49,729,629 ordinary shares over which valid
redemption requests were made ("Redemption Pool" and "Redemption Shares"); and

(ii)        the continuing pool, which will contain all the other cash,
assets and liabilities of the Company ("Continuing Pool").

Following this division, the Redemption Shares have been redeemed with effect
from 5.00pm on 1 December 2025 and upon such redemption are treated as
cancelled; former holders of the Redemption Shares are now creditors of the
Company.

The assets of the Redemption Pool will be liquidated and the Redemption Price
per ordinary share will equal the aggregate cash received by the Company upon
the realisation of the Redemption Pool, after deducting the costs of the
Redemption, which will be borne by the relevant pool, an adjustment for any
attributable unsettled liabilities and a pro-rata share of the costs and
expenses of the Company not attributable to a particular pool, divided by the
number of Redemption Shares, as set out in the Articles.

It should be noted that the liquidation of the Redemption Pool is expected to
take some time, and the final capital sum will not be equal to the Company's
net asset value per ordinary share at the Redemption Point.

Further announcements in respect of the Redemption Pool will be made when
appropriate.

 

 

Total Voting Rights

From 5.00pm on 1 December 2025, following the cancellation of the Redemption
Shares, the Company's issued share capital consists of 65,690,707 ordinary
shares of £0.01 each and 50,000 Management Shares of £1 each. The Company
does not hold any shares in Treasury. As at 5.00pm on 1 December 2025, the
total number of voting rights in the Company is 65,690,707.

The above figure of 65,690,707 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest, or a change to their interest, in the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Defined terms in the announcement have the same meaning as set out in the
Articles of Association, a copy of which may be obtained from the Company
Secretary and is also available on the Company's website.

 

 

 

Enquiries

 

 Company Secretary

 Frostrow Capital LLP

 Kerstin Rucht, Tel: 0203 709 8732

 Richard Plaskett, Tel: 0203 709 2407

 Registrar

 Computershare Investor Services PLC

 The Pavilions

 Bridgwater Road

 Bristol BS13 8AE

 Tel: +44 (0) 370 703 6304

 Corporate Broker

 Peel Hunt LLP

 Luke Simpson / Huw Jeremy

 Tel: 0207 418 8900

 

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