REG - Troy Inc & Gwth Plc - Reclassification of Shares

Troy Income & Growth TrustAnnouncement

25/03/2024 15:00

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RNS Number : 2028I  Troy Income & Growth Trust Plc  25 March 2024

To:                        RNS

From:                    Troy Income & Growth Trust plc

LEI:                       213800HLNMQ1R6VBLU75

Date:                     25 March 2024

 

 

TROY INCOME & GROWTH TRUST PLC

 

Reclassification of Shares

Further to the Company's announcement on 15 March 2024 regarding the result of
Shareholders' elections in connection with the proposals for a combination of
the assets of Troy Income & Growth Trust plc (the "Company") with STS
Global Income & Growth Trust plc ("STS") by means of a scheme of
reconstruction and members' voluntary liquidation of the Company under section
110 of the Insolvency Act 1986 (the "Scheme"), the Company confirms that, in
accordance with the Scheme, Ordinary Shares of 25 pence each in the capital of
the Company have been reclassified as follows:

·    Reclassified as shares with "A" rights (being the right to receive
New STS Shares): 163,842,843 Shares.

 

·    Reclassified as shares with "B" rights (being the right to receive
cash): 68,632,644 Shares.

 

Applications have been made to the FCA and to the London Stock Exchange for
the Ordinary Shares to be reclassified for listing and trading purposes with
effect from 8:00 a.m. on 26 March 2024. The listing of the Company's
Reclassified Shares is subsequently expected to be suspended at 7.30 a.m. on
27 March 2024.

Capitalised terms used but not defined in this announcement have the meanings
given in the Company's circular to Shareholders dated 23 February 2024 (the
"Circular").

The Circular is available for viewing on the Company's website at
https://www.tigt.co.uk and the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

All enquiries

Juniper Partners Limited (Company Secretary)

Tel: 0131 378 0500

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