REG-Rights and Issues Investment Trust PLC Rights and Issues Investment Trust PLC: TEN-Tender Offer Update

Rights and Issues Investment TrustAnnouncement

03/10/2022 16:15

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   Rights and Issues Investment Trust PLC (RIII)
   Rights and Issues Investment Trust PLC: TEN-Tender Offer Update

   03-Oct-2022 / 16:13 GMT/BST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   For immediate release 3 October 2022

    

    

    

             RIGHTS AND ISSUES INVESTMENT TRUST PLC (the “Company”)

                                        

                              Tender Offer Update

                                        

   Tender Offer Update

    

   As previously announced, the settlement of the Tender Offer is subject to
   the terms and conditions of the Tender Offer being met, including but not
   limited to the condition that the Tender Offer is subject to the FCA not
   deciding to exercise any power so as to prevent the implementation of the
   Company’s proposed appointment of JUTM as its AIFM within the period
   (including any extension) specified therefore in accordance with the UK
   AIFM Regulations.

    

   The Board hereby confirms that the Tender Offer is now unconditional. 
   Therefore 706,904 Ordinary Shares in respect of which tenders have been
   accepted will be purchased by finnCap Limited ("finnCap") pursuant to the
   Tender Offer and the Company will buy-back such Ordinary Shares from
   finnCap for cancellation.

    

   Total Voting Rights

    

   As at 3 October 2022 and following the Tender Offer becoming
   unconditional, the issued share capital of the Company will comprise
   6,313,167 Ordinary Shares. All Ordinary Shares have 1 vote per share.

    

   Therefore, the total number of voting rights in the Company will be
   6,313,167 and may be used by shareholders as the denominator for the
   calculations by which they will determine if they are required to notify
   their interest in, or a change to their interest in, the Company under the
   FCA's Disclosure Guidance and Transparency Rules.

    

   Capitalised terms and expressions shall have the same meanings as those
   attributed to them in the Circular.

    

   For further information please contact:

    

    

   finnCap Limited
                                                                             
    
   William Marle / George Dollemore – Corporate Finance  +44 (0) 20 7220 0500
   Mark Whitfeld / Pauline Tribe – Sales                 +44 (0) 20 7220 0500
                                                                             
   Maitland Administration Services Limited                                  
                                                                             
                                                          +44 (0) 1245 398950
   cosec@maitlandgroup.com
                                                                             

    

    

    

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   ISIN:           GB0007392078
   Category Code:  TEN
   TIDM:           RIII
   LEI Code:       2138002AWAM93Z6BP574
   OAM Categories: 2.4. Acquisition or disposal of the issuer's own shares
   Sequence No.:   192089
   EQS News ID:    1455691


    
   End of Announcement EQS News Service

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