Statement re Final Exercise of Subscription Shares
01 Novembre 2011 - 10:40AM
UK Regulatory
TIDMTHRG TIDMTHRS
1 November 2011
The Throgmorton Trust PLC
Final exercise of Subscription Shares
The Throgmorton Trust PLC (the "Company") announces that, in respect of the
final exercise of Subscription shares, on the final exercise date of 31 October
2011, 4,773,468 Subscription shares were exercised and as result, a total of
4,773,468 ordinary shares will be allotted. Application will be made to the UK
Listing Authority and to the London Stock Exchange for these new ordinary
shares to be admitted to the Official List and to trading on the London Stock
Exchange.
2,143,121 Subscription shares have not been exercised. In accordance with the
terms and conditions of the Subscription shares, the Company has appointed a
trustee who, provided that in the trustee's opinion the net proceeds of sale
(after deduction of all costs and expenses incurred) will exceed the costs of
subscription, shall, on or before 14 November 2011, exercise all the
unexercised rights of holders of Subscription shares and arrange for the sale
of the resulting ordinary shares for the benefit of such holders. The trustee
will then distribute the net proceeds to the persons entitled thereto, except
that entitlements amounting to less than GBP5.00 shall be retained for the
benefit of the Company. All rights attaching to Subscription shares which are
not exercised by the trustee prior to 14 November 2011 shall lapse on that
date.
An application will also be made for any ordinary shares arising from the
exercise by the trustee of Subscription Shares as described above. A further
announcement will be made by the Company in due course confirming details of
any exercise of the Subscription Shares by the trustee, admission date of any
resulting ordinary shares and updating the issued share capital of the Company.
Enquiries:
BlackRock Investment Management (UK) Limited
Kerry Higgins +44 207 743 1089
Oriel Securities
Joe Winkley +44 207 710 7600
Gareth Price
END
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