AVI GLOBAL TRUST PLC (the “Company”)
Proposed Share Sub-division
In the annual results announcement issued today, 9 November 2021, the Company announced that shareholders will be requested at the Annual General Meeting to be held on 16 December 2021 to approve the sub-division of each existing ordinary share of 10p each into five new ordinary shares of 2p each.
The sub-division is conditional on approval by shareholders at the Annual General Meeting and is also conditional on the new ordinary shares being admitted to the Official List of the Financial Conduct Authority 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 Monday, 17 January 2022, at which time the sub-division will become effective. The last day of trading in the existing ordinary shares is expected to be Friday, 14 January 2022 and the record date for the sub-division is 6.00pm on that date (the 'Record Date').
Shareholders will receive five 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 Monday, 17 January 2022 and share certificates in respect of the new ordinary shares are expected to be posted to shareholders no later than 31 January 2022.
The ticker for the new ordinary shares will remain the same as the ticker for the existing ordinary shares (AGT). The new ordinary shares will rank pari passu with each other and will be subject to the same rights and restrictions as the existing ordinary shares. A holding of new ordinary shares following the sub-division 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 sub-division.
The new shares will trade under a new ISIN and a new SEDOL, which will be provided in advance of the sub-division becoming effective.
Jefferies International Limited is acting on behalf of the Company in relation to the proposed sub-division. Further details of the proposed sub-division are set out in the Company's Annual Financial Report and Accounts for the year to 30 September 2021.
Link Company Matters Limited
Secretary
09 November 2021