REG-New Star Investment Trust PLC New Star Investment Trust PLC - Result of General Meeting

New Star Investment TrustAnnouncement

24/07/2024 13:15

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   New Star Investment Trust PLC (NSI)
   New Star Investment Trust PLC - Result of General Meeting

   24-Jul-2024 / 13:10 GMT/BST

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   NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN, INTO
   OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
   CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICITON

    

   24 July 2024

    

                         New Star Investment Trust PLC

                           Result of General Meeting

    

   Further to the circular published by New Star Investment Trust PLC (the
   “Company”) on 28 June 2024 (the “Circular”), the Company is pleased to
   announce that at the General Meeting held today to approve the B Share
   Scheme, all resolutions proposed and set out in the Notice of General
   Meeting were duly passed. This follows the announcement on 21 June 2024
   that the Company intends to return £17,045,687 to the Shareholders by way
   of the B Share Scheme in the form of a payment of 24 pence per ordinary
   share in the Company at the Record Time.

    

   Accordingly, the Company announces that the B Shares will be issued
   tomorrow, on 25 July 2024.

    

   No application will be made to the FCA or the London Stock Exchange for
   any of the B Shares to be admitted to the Official List or to trading on
   the London Stock Exchange’s main market for listed securities, nor will
   the B Shares be listed or admitted to trading on any other recognised
   investment exchange.

    

   No share certificates will be issued in respect of the B Shares and no
   CREST accounts will be credited with the B Shares.

    

   Assuming there is no unexpected change in the position of the Company or
   market conditions generally, the Company intends that the B Shares will
   also be redeemed tomorrow, 25 July 2024 for 24 pence per B Share.

    

   As the B Shares will be redeemed and cancelled immediately after issuance,
   the Company confirms that there will be no change to the Company’s total
   issued share capital or total voting rights as a result of the
   implementation of the B Share Scheme.

    

   Unless the context requires otherwise, capitalised terms used but not
   otherwise defined in this announcement shall have the meanings given to
   them in the Circular.

    

   Result of the Meeting

   Resolution 1 was proposed and passed as a special resolution and
   Resolution 2 was proposed and passed as an ordinary resolution. A copy of
   the poll results for the General Meeting will be available on the
   Company’s website at
   https://www.nsitplc.com/financial-reports/b-sharescheme-documents/
   shortly.

   On 23 July 2024 there were 71,023,695 ordinary shares in issue in the
   capital of the Company. Ordinary shareholders were entitled to one vote
   per share held.

   In accordance with UK Listing Rule 9.6.2R copies of all the resolutions
   passed other than resolutions concerning ordinary business will shortly be
   submitted to the UK Listing Authority via the National Storage Mechanism
   and be available for inspection at
    1 https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

   The full text of each of the resolutions is set out in the Circular and
   Notice of General Meeting which is available on the Company’s website
   above.

    

   Timetable and settlement

    

   The expected timetable set out in the Circular and the Company’s
   announcement on 21 June 2024 remains unchanged. Please refer to the
   Circular for defined terms, the detailed timetable and other dates
   relevant to the B Share Scheme.

    

   Under the expected timetable of events, Shareholders entitled to receive
   payments in respect of the proceeds from the B Share Scheme will be sent
   payments either by way of electronic payment to any mandated accounts or
   by cheque or, if Shareholders hold their shares in CREST, will have their
   CREST accounts credited on or before Thursday 8 August 2024. Shareholders
   will receive their proceeds in pounds sterling. Further details of the
   settlement process are set out in paragraph 3 of Part II of the Circular.

    

    

   Enquiries:

   Brompton Asset Management Limited
                                             + 44 (0) 207 045 0600
   John Jay
                                              
   Apex Fund  Administration  Services  (UK)
   Limited                                   Email:  2 cosec-uk@apexgroup.com

    

                                        

                               IMPORTANT NOTICES

    

   This announcement has been issued by and is the sole responsibility of New
   Star Investment Trust PLC. The information contained in this announcement
   is for background purposes only and does not purport to be full or
   complete. The information in this announcement is subject to change.

    

   This announcement is not intended to, and does not, constitute or form
   part of any offer, invitation or the solicitation of an offer to purchase,
   otherwise acquire, subscribe for, sell or otherwise dispose of, any
   securities pursuant to this announcement or otherwise.

    

   This announcement has been prepared in accordance with and for the purpose
   of complying with English law and the Listing Rules and Disclosure
   Guidance and Transparency Rules of the Financial Conduct Authority. The
   information disclosed may not be the same as that which would have been
   disclosed if this announcement had been prepared in accordance with the
   laws of jurisdictions outside of England and Wales. 

    

   Overseas Shareholders

    

   The availability of this announcement to persons who are not resident in,
   or citizens or nationals of the United Kingdom, and the distribution of
   this announcement into jurisdictions other than the United Kingdom, may be
   restricted or affected by the laws of the relevant jurisdiction in which
   persons are located.

    

   This announcement is exclusively intended for persons who are not
   residents of, nor physically present in, the United States, Australia,
   Canada, Japan, New Zealand, the Republic of South Africa, and any other
   jurisdiction where the presence of this announcement in such jurisdiction
   would constitute a violation of the laws of such jurisdiction (“Restricted
   Jurisdictions”).

    

   This announcement is for information purposes only and does not constitute
   or form part of any offer to participate in any of the transactions
   described in this announcement in or from any Restricted Jurisdiction or
   any other jurisdiction in or from which, or to or from whom, such offer or
   invitation is unlawful. This announcement may not be, directly or
   indirectly, mailed, transmitted or otherwise forwarded, distributed, or
   sent in, into or from the United States or any other Restricted
   Jurisdiction, and any persons receiving this announcement must not mail or
   otherwise forward, distribute or send such document(s) in, into or from
   the United States or any other Restricted Jurisdiction. In addition,
   persons into whose possession this document comes should inform themselves
   about and observe any such restrictions or requirements. Any failure to
   comply with these restrictions or requirements may constitute a violation
   of the securities or other laws of such jurisdiction.

    

   No securities referred to in this announcement have been or will be
   registered under the US Securities Act of 1933, as amended (the “US
   Securities Act”), or the securities laws of any state of the United States
   or any Restricted Jurisdiction or any other jurisdiction, and none of the
   securities may be offered or sold in or into the United States except
   pursuant to an exemption from, or in a transaction not subject to, the
   registration requirements of the US Securities Act. There will be no
   public offering of any securities in the United States or any other
   Restricted Jurisdiction. None of this announcement nor any securities
   mentioned therein has been approved, disapproved or otherwise recommended
   by any US federal or state securities commission or any other regulatory
   authority, nor have such authorities passed upon or endorsed the merits of
   the transactions contemplated in this announcement nor confirmed the
   accuracy or determined the adequacy of this announcement. Any
   representation to the contrary is a criminal offence in the United States.

    

   If you are in any doubt about the contents of this announcement or the
   action you should take, you are recommended to seek your own financial
   advice immediately from your stockbroker, bank manager, fund manager,
   solicitor, accountant or other appropriate independent financial adviser
   duly authorised under the Financial Services and Markets Act 2000 if you
   are resident in the United Kingdom or, if not, from any appropriate
   authorised independent financial adviser.

    

   Neither the content of the Company's website (or any other website) nor
   the content of any website accessible from hyperlinks on the Company's
   website (or any other website) is incorporated into or forms part of this
   announcement.

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB0002631041
   Category Code:  ROM
   TIDM:           NSI
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   336261
   EQS News ID:    1953285


    
   End of Announcement EQS News Service

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