REG - North Atlantic Smlr - Annual Financial Report & Notice of AGM

North Atlantic Smaller Companies Investment TrustAnnouncement

15/05/2025 07:00

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RNS Number : 7348I  North Atlantic Smlr Co Inv Tst PLC  15 May 2025

 

15 May 2025

North Atlantic Smaller Companies Investment Trust PLC

("NASCIT" or the "Company")

 

Publication of Annual Report, Circular and Notice of Annual General Meeting

and

Share Subdivision

 

Publication of Annual Report, Circular and Notice of Annual General Meeting

 

Further to the Company's 2025 Annual Financial Results announcement issued on
7 May 2024, North Atlantic Smaller Companies Investment Trust PLC, announces
that it has published the Annual Report and Accounts (the "Annual Report") for
the financial year ended 31 January 2025 together with a Circular and Notice
of the Company's 2025 Annual General Meeting (the "AGM").

 

The Company hereby confirms that its Annual General Meeting will be held on
Thursday 12 June 2025 at 11:00a.m at 6 Stratton Street London W1J 8LD, United
Kingdom.

 

The following documents have today been posted or otherwise made available to
shareholders by the Company:

 

1.    Annual Report and Accounts to 31 January 2025

2.    Circular and Notice of 2025 Annual General Meeting

 

Copies of the Annual Report, the Circular and Notice of Annual General Meeting
are publicly available on the Company's website at https://www.nascit.co.uk or
from the Company Secretary.

 

Copies of the above documents have also been submitted to the UK National
Storage Mechanism and are available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and at the following
address:

 

North Atlantic Smaller Companies Investment Trust Plc

6 Stratton Street,

London,

W1J 8LD,

United Kingdom

 

Share Subdivision

 

The Company is proposing to undertake a subdivision (the "Share Subdivision")
of each ordinary share of 5p ("Existing Ordinary Shares") into ten new
ordinary shares of 0.5p each ("New Ordinary Shares") subject to the approval
of the Share Subdivision at the Company's AGM, which will be held on Thursday,
12 June 2025 at 11.00am. The Share Subdivision is intended to improve the
liquidity of the Company's shares and enhance the ability of investors to make
more efficient regular monthly investments on share dealing platforms.

 

The Share Subdivision is also conditional on the New Ordinary Shares being
admitted to the Official List of the Financial Conduct Authority and to
trading on the London Stock Exchange's main market for listed securities.
Applications for such admissions ("Admission Applications") will be made and
it is expected that such admissions will become effective, and that dealings
in the New Ordinary Shares will commence, at 8.00am on Friday, 13 June 2025,
at which time the Share Subdivision will become effective. The last day of
trading in the Existing Ordinary Shares is expected to be Thursday, 12 June
2025 and the record date for the Share Subdivision is 6.00pm on that date
("Record Date").

 

Shareholders will receive ten New Ordinary Shares in exchange for each
Existing Ordinary Share held at the Record Date. CREST accounts are expected
to be credited with New Ordinary Shares on Friday, 13 June 2025 and share
certificates in respect of the New Ordinary Shares are expected to be posted
to shareholders in the week commencing 16 June 2025.

 

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

 

New ISIN: GB00BRDXZ870

 

New SEDOL: BRDXZ87

 

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

 

The New Ordinary Shares will rank pari passu with each other and will be
subject to the same rights and restrictions as the Existing Ordinary Shares. A
holding of New Ordinary Shares following the Share Subdivision will represent
the same proportion of the issued ordinary share capital of the Company as the
corresponding holding of Existing Ordinary Shares.

 

 

Enquiries:

Ben Harber

Company Secretary

benh@woodhamcorpservices.com

 

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