TIDMOIT

RNS Number : 3773Z

Odyssean Investment Trust PLC

24 January 2022

24 January 2022

ODYSSEAN INVESTMENT TRUST PLC

LEI: 213800RWVAQJKXYHSZ74

Block listing application

The Board of Odyssean Investment Trust plc (the "Company") announces that the Company has made an application to the Financial Conduct Authority for a block listing of 5,000,000 ordinary shares of 1p each ("Shares") to be admitted to the Official List and to the London Stock Exchange for the Shares to be admitted to trading on the premium segment of the Main Market. This block listing is in addition to the current block listing which has 910,000 shares remaining.

The Company has an existing shareholder authority to issue up to 20 per cent. of the Company's issued share capital, on a non-pre-emptive basis which was obtained at the Annual General Meeting on 22 September 2021 and of which 10.4% has been used to date. The Board has determined that this authority may be utilised to satisfy market demand by issuing new Shares at a small premium to NAV. This policy is intended to ensure that the level of premium at which the Shares trade does not reach excessive levels.

The block listing is expected to become effective at 8 a.m. on Tuesday, 25 January 2022. Any issue of new Shares will be notified by the Company through a RIS announcement and the Company's website.

 
 Frostrow Capital LLP 
  Company Secretary 
  Kerstin Rucht 
  Tel: 020 3709 8732

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ALSBZLFLLFLLBBZ

(END) Dow Jones Newswires

January 24, 2022 05:26 ET (10:26 GMT)

Odyssean Investment (LSE:OIT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Odyssean Investment Charts.
Odyssean Investment (LSE:OIT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Odyssean Investment Charts.