LONDON - CT Global Managed Portfolio Trust PLC has announced the allotment of new shares as part of its ongoing capital management strategy. The company issued 625,000 Income shares at a price of 111.25p each and sold 150,000 Growth shares from treasury at 266.25p each on December 19, 2024.
The newly issued Income shares, priced at £0.046131176 each, will trade alongside the existing Income shares, with trading expected to start on December 23, 2024. These transactions are part of the company's general business purposes and utilize its blocklisting facilities.
After this issuance, CT Global Managed Portfolio Trust PLC will have the capacity to issue an additional 3,474,510 Income shares and 1,304,550 Growth shares under its existing blocklisting arrangements.
Following the equity issue, the company's issued share capital includes 53,180,518 Income shares and 38,741,161 Growth shares. However, the company holds 3,920,000 Growth shares in treasury, which are non-voting. As a result, the total number of voting shares in the company stands at 53,180,518 Income shares and 34,821,161 Growth shares.
Shareholders can use these figures as the denominator for calculating whether they need to disclose changes in their shareholding in the company, in accordance with the Financial Conduct Authority's (FCA) Disclosure Guidance and Transparency Rules.
The information provided is based on a press release statement from CT Global Managed Portfolio Trust PLC.
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