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RNS Number : 9311D

FTSE Russell

24 October 2022

Independent Investment Trust (UK): Scheme of Reconstruction with Monks Investment Trust (UK)

Informative Notice

24 October 2022

 
 FTSE Russell notes the proposed Scheme of Reconstruction and voluntary winding up of Independent 
  Investment Trust (UK, 0081168, FTSE SmallCap Index) whereby shareholders will receive shares 
  in Monks Investment Trust (UK, 3051726, FTSE 250 Index) or can elect to receive a cash option 
  in exchange for their current holdings. 
 
  Subject to shareholder approval and based on the current timetable, FTSE Russell anticipates 
  the following treatment: 
 
  Tuesday 08 November 2022: 
 
  Expected announcement of the election results and terms. 
 
  FTSE Russell expects to announce confirmed index changes, subject to the timely announcement 
  of the election results and terms. 
 
  Please note: Independent Investment Trust is expected to suspend prior to index implementation. 
  In the absence of an active market, the close price will be updated to reflect the default 
  option of stock terms in Monks Investment Trust until it is removed. 
 
  Friday 11 November 2022 (at the earliest, assuming two days' notice subsequent to disclosure 
  of election results and stock terms): 
 
  Independent Investment Trust will be deleted from FTSE Russell Indices. 
 
  Monks Investment Trust will remain within its existing indices with shares increased in accordance 
  with the election results and stock terms. 
 
  FTSE Russell will issue further notices confirming index treatment in due course. 
 
 
 
 
 
 For further information please contact FTSE Russell Client Services at info@ftserussell.com 
                             or call: Australia    +1800 653 680 
                                  Hong Kong    +852 2164 3333 
                                 Japan        +81 3 6441 1440 
                               London       +44 (0) 20 7866 1810 
                                  New York     +1866 551 0617 
 
                Alternatively please visit our website at www.ftserussell.com 
 
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October 24, 2022 12:30 ET (16:30 GMT)

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