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LONDON - CT Global Managed Portfolio Trust PLC has announced the issuance of 400,000 Income shares at a price of 105.00p per share, as part of its ongoing capital management strategy. The newly issued shares, priced at £0.046131176 each, are expected to begin trading on April 16, 2025, and will rank equally with the existing Income shares.
This latest issuance utilizes the company’s blocklisting facility, which allows for the allotment of shares without the need for an immediate full prospectus. Post transaction, CT Global Managed Portfolio Trust PLC retains the capacity to issue an additional 3,074,510 Income shares and 1,304,550 Growth shares under its blocklisting facilities.
The company’s total issued share capital now comprises 53,580,518 Income shares and 38,741,161 Growth shares. However, with 4,090,000 Growth shares held in treasury, the total number of voting rights in the company stands at 53,580,518 Income shares and 34,651,161 Growth shares.
Investors and shareholders are advised that these figures—53,580,518 Income shares and 34,651,161 Growth shares—serve as the denominator for the calculations by which they must determine whether they are obliged to disclose their interest in, or any changes to their interest in, the company. This is in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The issuance of equity is a common practice for companies seeking to raise capital for general business purposes, and it can potentially impact the share price and the ownership structure of the company. Shareholders often monitor such activities closely as they can affect the value of their investments.
This financial update is based on a press release statement from CT Global Managed Portfolio Trust PLC.
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