1 November 2017
Premier Energy and
Water Trust PLC
and
PEWT Securities
2020 PLC
The Board of Premier Energy and Water Trust PLC (the “Company”)
is pleased to announce that the name of the Company has changed to
Premier Global Infrastructure Trust PLC in order to reflect a
change of investment emphasis within the Company’s portfolio. The
name change has been registered at Companies House today and is
effective immediately. The change will be reflected on the London
Stock Exchange and trading in the Company’s ordinary shares of
1 pence each will commence under the
new trading instrument display mnemonic, "PGIT", from 8.00 a.m. on 2 November
2017.
Simultaneously the name of the Company’s subsidiary, PEWT
Securities 2020 PLC, has been changed to PGIT Securities 2020 PLC
and trading in its zero dividend preference shares of 1 pence each will commence under the new trading
instrument display mnemonic, "PGIZ", from 8.00 a.m. on 2 November
2017.
The Company’s investment objectives, which remain unchanged, are
to achieve a high income from and to realise long term growth in
the capital value of its portfolio through investing principally in
equity and equity related securities of companies operating
primarily in the energy and water sectors as well as other
infrastructure investments.
The Company’s energy and water investments represent a key
infrastructure segment. The change of emphasis will involve an
increase in exposure to non-utility infrastructure such as ports,
toll roads and telecoms infrastructures. Furthermore the UK
content of the portfolio has over the last three years fallen from
over 15% to under 10% and is expected to remain a relatively small
part of the portfolio. The Board therefore consider the change of
name to Premier Global Infrastructure Trust PLC will better reflect
the positioning of the portfolio within its broader investment
mandate which remains unchanged. The Directors are satisfied that
the intended portfolio changes will not diminish the Company’s
ability to maintain and grow the dividend over the longer
term.
No new share certificates are being issued in respect of
existing ordinary shares of the Company or zero dividend preference
shares of PEWT Securities 2020 plc held in certificated form.
Shareholders should retain their existing share certificates which
will continue to be valid.
Enquiries:
| Premier Fund Managers
Limited
|
+ 44 (0) 1483 30 60 90 |
Nigel Sidebottom
James Smith
Claire Long |
|
| N+1 Singer |
+44 (0) 20 7496 3000 |
James Maxwell
Liz Yong |
|
