The Diverse Income Trust Plc - Redemption of Ordinary Shares
July 09 2024 - 10:31AM
UK Regulatory
The Diverse Income Trust Plc - Redemption
of Ordinary Shares
PR Newswire
LONDON, United Kingdom, July 09
9 July 2024
DIVERSE
INCOME TRUST PLC (the "Company")
Redemption
of Ordinary Shares and Total Voting Rights
The
Company has a redemption facility through which shareholders can
request the redemption of all or part of their holding of ordinary
shares of 0.1 pence each ("Ordinary
Shares") (the "Redemption Facility"). The operation of the
Redemption Facility is entirely at the discretion of the board of
directors of the Company (the "Board"). The deadline for the
31 May 2024 Redemption Point was
1 May 2024.
At the
Redemption Point, the Board resolved to effect the Redemption using
the redemption pool method set out in the Company's articles of
association (the "Articles"), pursuant to which the Company divided
its assets and liabilities into two pools:
(i)
the
redemption pool, consisting of cash, assets and liabilities
attributable to the 82,147,477
Ordinary Shares in
respect of which valid redemption requests were made;
and
(ii)
all the
other cash, assets and liabilities remained attributable to the
continuing shareholders and have continued to be managed in
accordance with the current investment policy.
The assets
of the Redemption Pool have now been realised in full.
The
Redemption Price per Ordinary Share equals the aggregate cash
received by the Company upon the realisation of the Redemption
Pool, after deducting the costs of the redemption, and a
pro-rata
share of the costs and expenses of the Company not attributable to
a particular pool, divided by the number of Redemption
Shares.
The
Redemption Price for the 31 May 2024
Redemption Point is 94.86
pence per
redeemed Ordinary Share including dividends and bank interest
received. This
capital will be paid by the Company to the Registrar without delay
and despatched to Redemption shareholders on or around 24 July 2024.
Defined
terms in the announcement have the same meaning as set out in the
Articles, a copy of which may be obtained from the Company
Secretary.
Contact
details:
Premier Miton Group plc
|
|
|
Gervais Williams
|
gervais.williams@premiermiton.com
|
01483 306090
|
Martin Turner
|
martin.turner@premiermiton.com
|
|
Claire Long
|
claire.long@premiermiton.com
|
|
|
|
|
Panmure Liberum Limited
|
|
|
Alex Collins
|
Alex.collins@panmureliberum.com
|
020 7886
2767
|
LEI:
2138005QFXYHJM551U45
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