Nucor earnings beat by $0.08, revenue fell short of estimates
LONDON - Ashoka India Equity Investment Trust plc has applied for a block listing of 10 million ordinary shares, as announced on April 22, 2025. The application for these shares, each with a nominal value of one penny, has been made to the Financial Conduct Authority and the London Stock Exchange (LON:LSEG). The admission of these shares to the Official List and to trading on the London Stock Exchange’s market for listed securities is anticipated to be effective on April 24, 2025.
The block listing of shares will enable the company to issue new ordinary shares on a non pre-emptive basis within the scope of its existing authorities. The potential issuance of these shares may occur in response to market demand or as a strategy to manage the premium to net asset value (cum income) per ordinary share.
Upon issuance, the new ordinary shares will be equivalent in status to the currently issued ordinary shares, known as ranking pari passu. This means that all shares, both existing and new, will have the same rights and benefits.
The company’s Legal Entity Identifier (LEI) is 213800KX5ZS1NGAR2J89, a unique identifier that enables clear and unique identification of legal entities participating in financial transactions.
This move comes as part of the company’s ongoing efforts to facilitate capital management and provide liquidity to meet investor demand. The information regarding this application is based on a press release statement issued by the company.
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