Investing.com - Financial Markets Worldwide

North Atlantic Smaller Companies announces share subdivision

Published 15/05/2025, 07:10
North Atlantic Smaller Companies announces share subdivision
NTAS
0.87%

LONDON - North Atlantic Smaller Companies Investment Trust PLC (NASCIT) has released its Annual Report and detailed plans for a share subdivision aimed at enhancing liquidity and investment efficiency. The company’s Annual General Meeting (AGM) is scheduled for Thursday, June 12, 2025, where shareholders will vote on the proposed subdivision of each ordinary share into ten new ordinary shares.

The subdivision is contingent upon shareholder approval and the admission of the new shares to the Financial Conduct Authority’s Official List and the London Stock Exchange (LON:LSEG)’s main market. If approved, the effective date for the commencement of trading in the new shares is set for Friday, June 13, 2025, following the closure of trading in existing shares on June 12, 2025.

Shareholders of record as of 6:00 pm on the date of the AGM will be entitled to ten new ordinary shares for each existing share held, with the new shares expected to be credited to CREST accounts on the effective date. Physical share certificates are slated for distribution the following week.

The new ordinary shares, each with a nominal value of 0.5p, will carry the same rights and restrictions as the existing shares and will represent the same proportional ownership in NASCIT. The new shares will be identified by a new ISIN (GB00BRDXZ870) and SEDOL (BRDXZ87), but the ticker symbol will remain unchanged (NAS).

This announcement follows the company’s financial results released on May 7, 2024, and is part of NASCIT’s efforts to make monthly investments on share dealing platforms more accessible to investors. The documents related to the AGM and share subdivision have been made available on the company’s website and submitted to the UK National Storage Mechanism.

The information in this article is based on a press release statement from North Atlantic Smaller Companies Investment Trust PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.