GRIT Investment Trust PLC Director/PDMR Shareholding (0997H)
22 November 2022 - 12:48AM
UK Regulatory
TIDMGRIT
RNS Number : 0997H
GRIT Investment Trust PLC
21 November 2022
21 November 2022
GRIT Investment Trust PLC
("GRIT" or the "Company")
Further to Conversion of Existing Convertible Loan Notes
PDMR/Director Dealings
Conversion of Existing Convertible Loan Notes
On 15 November 2022, the GRIT Board announced that an aggregate
of GBP63,507 principal of Existing Convertible Loan Notes held by
Malcolm Burne, a Director 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. The
Conversion Shares have been admitted to listing on the Official
List (premium listing segment) and to trading on the London Stock
Exchange's main market for listed securities.
Acquisition of Existing Convertible Loan Notes
Further to the above Malcolm Burne has agreed, via Peterhouse
Capital Limited, with other holders of the Existing Convertible
Loan Notes issued on 2 August 2021, to acquire GBP63,507 worth of
the Existing Convertible Loan Notes in exchange for 2,540,279
ordinary shares of GRIT.
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 acquisition of the
Existing Loan Notes following the issue of Conversion Shares to
Malcolm Burne 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 Malcolm Burne
------------------ ------------------------------------------------
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 Disposal of 2,540,279 shares to acquire an
the transaction aggregate GBP63,507 of 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 21/11/2022
the transaction
------------------ ------------------------------------------------
f) Place of Outside a trading venue
the transaction
------------------ ------------------------------------------------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the GRIT Investment Trust Plc
underlying issuer of existing shares
to which voting rights are attached
(ii) :
--------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify) (iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Malcolm Burne
City and country of registered office GB
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
--------------------------------------------
City and country of registered office
(if applicable)
--------------------------------------------
5. Date on which the threshold was 21 Nov 2022
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified 21 Nov 2022
(DD/MM/YYYY):
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 21.84% 0.000000 21.84% 2,763,890
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 2.21% 0.000000 2.21%
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------
GB00BL594W83 2,763,890 21.84%
--------------------- --------------------- -------------------- ----------------
SUBTOTAL 8.
A 2,763,890 21.84%
-------------------------------------------- --------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------- -------------------------- ----------------
SUBTOTAL 8. B
1
------------------------- -------------------------- ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting
instrument date (x) Conversion or cash voting rights rights
Period (xi) Settlement
(xii)
---------------- ---------------- ----------------- ----------------
SUBTOTAL
8.B.2
----------------- ----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary) (xiv)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-----------------------------------------------
The number and % of voting rights
held
-----------------------------------------------
The date until which the voting rights
will be held
-----------------------------------------------
11. Additional information (xvi)
Place of completion London
Date of completion 21/11/22
---------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible) (i)
1a. Identity of the issuer or the GRIT Investment Trust Plc
underlying issuer of existing shares
to which voting rights are attached
(ii) :
--------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify) (iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Malcolm Burne
City and country of registered office GB
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
--------------------------------------------
City and country of registered office
(if applicable)
--------------------------------------------
5. Date on which the threshold was 21 Nov 2022
crossed or reached (vi) :
--------------------------------------------
6. Date on which issuer notified 21 Nov 2022
(DD/MM/YYYY):
--------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ --------------------- -------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 1.77% 0.000000 1.77% 223,611
------------------ --------------------- -------------- --------------------
Position of
previous notification
(if
applicable) 21.84% 0.000000 21.84%
------------------ --------------------- -------------- --------------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
---------------------
GB00BL594W83 223,611 1.77%
--------------------- --------------------- -------------------- ----------------
SUBTOTAL 8.
A 223,611 1.77%
-------------------------------------------- --------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
----------- ------------------------- -------------------------- ----------------
SUBTOTAL 8. B
1
------------------------- -------------------------- ----------------
B 2: Financial Instruments with similar economic effect according to
DTR5.3.1R (1) (b)
Type of financial Expiration Exercise/ Physical Number of % of voting
instrument date (x) Conversion or cash voting rights rights
Period (xi) Settlement
(xii)
---------------- ---------------- ----------------- ----------------
SUBTOTAL
8.B.2
----------------- ----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary) (xiv)
Name (xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
---------------------- --------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
-----------------------------------------------
The number and % of voting rights
held
-----------------------------------------------
The date until which the voting rights
will be held
-----------------------------------------------
11. Additional information (xvi)
Place of completion London
Date of completion 21/11/22
---------
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END
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