REG-Temple Bar Inv.Tst: Proposed Sub-Division of Ordinary Shares

Temple Bar Investment TrustAnnouncement

24/03/2022 07:15

Temple Bar Investment Trust Plc

(the “Company”)

Proposed Sub-Division of Ordinary Shares

The Company today announces further details of the sub-division of each
existing ordinary share of 25 pence each (“Existing Ordinary Shares”) into
5 new ordinary shares of 5 pence each (“New Ordinary Shares”) (the
“Share Split”) as was announced in the annual results announcement issued
by the Company today, 24 March 2022.

The Share Split is conditional on approval by shareholders at the Annual
General Meeting to be held on 10 May 2022 and is also conditional on the New
Ordinary Shares being admitted to the Official List of the Financial Conduct
Authority (“FCA”) and to trading on the London Stock Exchange’s main
market for listed securities. Applications for such admissions are being 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 May
2022, at which time the Share Split will become effective. The last day of
trading in the Existing Ordinary Shares is expected to be Thursday, 12 May
2022 and the record date for the Share Split is 6.00pm on that date (the
“Record Date”).

Shareholders will receive 5 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 May 2022 and share
certificates in respect of the New Ordinary Shares are expected to be posted
to shareholders no later than 27 May 2022.

The ticker for the New Ordinary Shares will remain the same as the ticker for
the Existing Ordinary Shares (TMPL). 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. 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 New Ordinary Shares will have a new ISIN and SEDOL, as follows:

ISIN: GB00BMV92D64

SEDOL: BMV92D6

Cenkos Securities Plc is acting on behalf of the Company in relation to the
proposed Share Split. Further details of the proposed Share Split are set out
in the Company’s Annual Report & Financial Statements for the year ended 31
December 2021.

Total Voting Rights

On the basis that there are currently 66,872,765 Existing Ordinary Shares in
issue, following completion of the Share Split there will be 334,363,825 New
Ordinary Shares in issue, of which 4,651,400 will be held in treasury.
Therefore, immediately following the Share Split of the Company’s shares on
13 May 2022, the total number of voting rights in the Company will be
329,712,425.

The above figure 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.

24 March 2022

LEI: 213800O8EAP4SG5JD323 



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