Momentum Multi-Asset Value Trust Residual Net Asset Value (0563K)
22 August 2023 - 4:45PM
UK Regulatory
TIDMMAVA
RNS Number : 0563K
Momentum Multi-Asset Value Trust
22 August 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR
INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF THE JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018, AS AMENDED. ON THE PUBLICATION OF THIS
ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
22 August 2023
Momentum Multi-Asset Value Trust plc (the "Company")
Publication of Residual Net Asset Value per Share
In connection with the circular posted on 21 July 2023 (the
"Circular"), the Board of the Company is pleased to announce that
the Residual Net Asset Value per Share was 145.86 pence, as at
11.59 p.m. on 17 August 2023 (the "Calculation Date").
Subject to the passing of the resolution at the Second General
Meeting, Shareholders that have elected (or are deemed to have
elected) for the Cash Option are expected to receive approximately
145 pence (rounded down to the nearest whole penny) per Ordinary
Share with "B" rights. In accordance with the Scheme, cheques are
expected to be dispatched in respect of the Cash Option and CREST
payments made to Shareholders that have elected (or are deemed to
have elected) for the Cash Option not later than 10 Business Days
after the Effective Date.
A further announcement is expected to be made later this week
concerning Shareholders that have elected (or are deemed to have
elected) for the Rollover Option, detailing the number of ICVC
Shares that they will receive for every Ordinary Share with "A"
rights held. Subject to the passing of the resolution at the Second
General Meeting, the ICVC Shares are expected to be issued on 23
August 2023. The ICVC Shares are being issued on the basis detailed
in Part 2 of the Circular, with the value of the ICVC Rollover Pool
being calculated at 12.00 noon on the Effective Date of 23 August
2023 (calculated in accordance with the valuation policies and
procedures of the ICVC, as described in the ICVC Prospectus).
Capitalised terms used in this announcement have the meanings
given to them in the Circular.
Enquiries:
Juniper Partners Limited, Company Secretary
0131 378 0500
Steve Hunter, Momentum Global Investment Management Limited
0151 906 2481
Legal Entity Identifier: 213800OQTUSRFDIL9L29
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END
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