Gulf Investment Fund PLC Shares in Public Hands (6575R)
March 09 2021 - 6:45AM
UK Regulatory
TIDMGIF
RNS Number : 6575R
Gulf Investment Fund PLC
09 March 2021
Legal Entity Identifier: 2138009DIENFWKC3PW84
9 March 2021
Gulf Investment Fund plc (Ticker GIF)
Shares in Public Hands
The Board of the Company announces that, following completion of
the Tender Offer in January, the number of ordinary shares which
are deemed by the FCA Listing Rules (the "Listing Rules") to be
held in public hands is below the minimum 25% threshold. The
Listing Rules provide that shares are not considered to be held in
public hands if they are held by persons (or persons in the same
group or persons acting in concert) who have an interest in 5% or
more of a listed company's share capital, as well as shares held by
directors of a listed company.
The Company's shares in public hands is currently estimated to
be approximately 12%. Following the Company making a request to the
FCA, the FCA has agreed to modify temporarily the relevant Listing
Rule to permit this decreased level of shares in public hands for a
period of 6 months.
The Company has already started to explore options to move its
listing to the Specialist Fund Segment. A further update will be
published in due course.
During this time the Company will continue to monitor its share
register and keep the FCA informed of any relevant
developments.
For further information:
Nick Wilson, Chairman 00 44 (0) 7624 488336
Gulf Investment Fund plc
William Clutterbuck
Maitland/AMO 00 44 (0) 7785 292617
Ian Dungate / Suzanne Jones 00 44 (0) 7624 488336
Mainstream Fund Services (IOM)
Limited
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