TIDMGRIT

RNS Number : 6599G

GRIT Investment Trust PLC

16 November 2022

16 November 2022

GRIT Investment Trust PLC

   ("GRIT"   or the "Company")

Conversion of Existing Convertible Loan Notes

Total Voting Rights

Conversion of Existing Convertible Loan Notes

The GRIT Board announces that with the consent of the Company, an aggregate of GBP63,507 principal of Existing Convertible Loan Notes held by Richard Lockwood, Directors of GRIT have been converted into 2,540,279 new ordinary shares (the "Conversion Shares") of 2.5p each in the Company at a conversion price of 2.5p per share, allotted and issued to Richard Lockwood.

Applications for Admission of the Conversion Shares

Applications have been made to the Financial Conduct Authority ("FCA") and the London Stock Exchange for the 2,540,279 Conversion Shares to be admitted to listing on the Official List (premium listing segment) and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and trading in such Conversion Shares will commence at 8.00 a.m. on or around 22 November 2022.

Total Voting Rights

Following the issue of the 2,540,279 Conversion Shares, which on Admission will rank pari passu with the existing issued ordinary shares of 2.5p each in the Company ("Ordinary Shares") , the total number of Ordinary Shares in issue with voting rights in the Company will be 15,196,857. There are no Ordinary Shares held in treasury by the Company.

The above figure of 15,196,857 may therefore be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For more information, please contact:-

GRIT Investment Trust plc

Martin Lampshire

   Tel: +44 (0)   20 3198 2554

Peterhouse Capital Limited

Lucy Williams/Duncan Vasey

Tel: +44 (0)20 7469 0930

The following information relating to the issue of the Conversion Shares to Malcolm Burne and Richard Lockwood has been filed with the FCA in accordance with Article 19(1) of UK MAR:-

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                      Richard Lockwood 
     -------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status           Director 
     -------------------  ---------------------------------------------- 
 b)   Initial              Initial notification 
       notification 
       /Amendment 
     -------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                 GRIT Investment Trust PLC 
     -------------------  ---------------------------------------------- 
 b)   LEI                  2138005OJKGWG3X4SY51 
     -------------------  ---------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------- 
 a)   Description          Ordinary shares of 2.5 pence 
       of the financial 
       instrument, 
       type of              ISIN: GB00BL594W83 
       instrument 
       Identification 
       code 
     -------------------  ---------------------------------------------- 
 b)   Nature of            Issue of 2,540,279 shares on conversion of 
       the transaction      aggregate GBP63,507 Convertible Loan Notes. 
     -------------------  ---------------------------------------------- 
 c)   Price(s)               Price        No. of 
       and volume(s)                        shares 
                              2.5 pence    2,540,279 
                                          ---------- 
     -------------------  ---------------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated 
        volume 
       - Price              2,540,279 
                             2.5 pence 
     -------------------  ---------------------------------------------- 
 e)   Date of              22 November 2022 
       the transaction 
     -------------------  ---------------------------------------------- 
 f)   Place of             Outside a trading venue 
       the transaction 
     -------------------  ----------------------------------------------

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END

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November 16, 2022 08:16 ET (13:16 GMT)

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