Block Listing Application
Source: RNS
Edinburgh Worldwide Investment Trust plc
Block Listing Application
The Board of Edinburgh Worldwide Investment Trust plc (the "Company") announces that the Company has made an application to the UK Listing Authority for a block listing of 40,000,000 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.
The Company has additional 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 GM in October 2020. 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 25 November 2020. Any issue of new Shares will be notified by the Company through a RIS announcement and the Company's website.
Baillie Gifford & Co Limited
Company Secretaries
23 November 2020
Legal Entity Identifier: 213800JUA8RKIDDLH380
Regulated Information Classification: Acquisition or disposal of the issuer's own shares.
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