LONDON - CT Global Managed Portfolio Trust PLC (the Company) has announced the allotment of new shares and the sale of treasury shares on Thursday. The Company issued 625,000 Income shares at a price of 111.25p each, and these shares will begin trading on December 23, 2024. The Income shares are issued from the Company’s general business purposes blocklisting facility and will have the same rights as the existing Income shares in circulation.
Additionally, the Company sold 150,000 Growth shares from its treasury at a price of 266.25p per Growth share. As a result of these transactions, the Company’s issued share capital now consists of 53,180,518 Income shares and 38,741,161 Growth shares. It is important to note that there are no Income shares and 3,920,000 Growth shares held in treasury, which means the total number of shares with voting rights in the Company is 53,180,518 Income shares and 34,821,161 Growth shares.
Following the issue, CT Global retains the capacity to issue an additional 3,474,510 Income shares and 1,304,550 Growth shares under its blocklisting facilities. Shareholders may use the disclosed figures of 53,180,518 Income shares and 34,821,161 Growth shares as the denominator for calculations to determine if they are required to notify their interest or a change in interest in the Company under the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules.
The issuance of shares is a common practice for companies looking to raise capital for various business purposes, including growth initiatives, debt repayment, or general corporate functions. The announcement from CT Global Managed Portfolio Trust PLC is based on a press release statement from the Company.
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