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Alpha Real Tst Ltd - Results of Scrip Dividend Alternative Election

RNS Number : 8351C
Alpha Real Trust Limited
21 October 2020
 

 

 

 

LEI: 213800BMY95CP6CYXK69

 

 

21 October 2020

 

 

ALPHA REAL TRUST LIMITED ("ALPHA REAL TRUST" OR THE "COMPANY")

RESULTS OF SCRIP DIVIDEND ALTERNATIVE ELECTION                                  

 

Scrip dividend alternative elections were received in respect of 49,089,231 shares representing a take up of 79% of the Company's share capital as at the record date for the dividend. This will result in the issue of 299,686 new ordinary shares (approximately 0.5% of the current issued share capital). These shares will be issued at a price of 163.8 pence each and will rank pari passu in all respects with the Company's existing issued ordinary shares.

An application has been made to the London Stock Exchange for these shares to be admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market. It is expected that admission will occur on 26 October 2020.

Following the issue of these shares, the ordinary share capital of the Company will be 62,425,772 (including 1,940,797 Ordinary Shares held in treasury) and the total voting rights in the Company will be 60,484,975 with effect from 26 October 2020. The figure of 60,484,975 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, ART under the FCA's Disclosure and Transparency Rules.

Share certificates will be posted to certificated shareholders who elected for scrip dividend shares and shareholders holding shares in CREST, who elected for scrip dividend shares, will have their CREST accounts credited directly on 26 October 2020.

 

For further information please contact:

 

Alpha Real Trust Limited

David Jeffreys, Chairman, Alpha Real Trust                                +44 (0) 1481 742 742

Brad Bauman, Joint Fund Manager, Alpha Real Trust                 +44 (0) 20 7391 4700

Panmure Gordon, Broker to the Company

Atholl Tweedie                                                                              +44 (0) 20 7886 2500

 

Further information on the Company can be found on the Company's website: www.alpharealtrustlimited.com.

 

 

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Quick facts: Alpha Real Trust

Price: -

Market: AIM
Market Cap: -
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