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LONDON - CT Global Managed Portfolio Trust PLC has announced the allotment of 85,000 new Income shares, each priced at 106.75 pence, as part of its ongoing capital management strategy. The shares were issued on Tuesday from the company’s general business purposes blocklisting facility.
The newly issued Income shares will have equal standing with the existing shares and are expected to start trading on Thursday, April 17, 2025. With this issuance, the company’s total issued share capital now comprises 53,665,518 Income shares and 38,741,161 Growth shares. However, the treasury holds 4,090,000 Growth shares, which means the total number of voting rights in the company amounts to 53,665,518 Income shares and 34,651,161 Growth shares.
Shareholders can use these figures as the denominator for calculations to determine if they are required to notify their interest or a change in interest in the company, as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company retains the ability to issue an additional 2,989,510 Income shares and 1,304,550 Growth shares under its blocklisting facilities. This move is part of CT Global Managed Portfolio Trust’s efforts to manage its capital structure and provide additional funds for the company’s general business purposes.
The information in this article is based on a press release statement from CT Global Managed Portfolio Trust PLC.
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