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LONDON - CT Global Managed Portfolio Trust PLC has announced the issuance of 125,000 new Income shares at a price of 114.75p each, as part of its general business purposes. The shares, priced at £0.046131176 each, were allotted on Friday and are set to begin trading on May 20, 2025.
Following the issue, the company’s total issued share capital now consists of 53,790,518 Income shares and 38,741,161 Growth shares. It retains the capacity to issue an additional 2,864,510 Income shares and 1,304,550 Growth shares under its existing blocklisting facilities.
Of the total Growth shares, 4,140,000 are held in treasury, leaving 34,601,161 Growth shares with voting rights. Similarly, all 53,790,518 Income shares carry voting rights, as none are held in treasury. These figures serve as the denominator for shareholders to calculate their percentage holdings and determine if they need to disclose changes in their interests under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The new shares will rank pari passu with the existing Income shares in the market, indicating they will have the same rights and benefits as the shares currently in circulation.
This move by CT Global Managed Portfolio Trust PLC comes as part of its ongoing strategy to manage its capital efficiently and ensure liquidity for its general business operations. The information provided is based on a press release statement from the company.
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