ATS Artemis Alpha Trust Plc

TIDMATS TIDMATSS

RNS Number : 5103B

Artemis Alpha Trust PLC

10 January 2018

ARTEMIS ALPHA TRUST PLC

FINAL EXERCISE OF SUBSCRIPTION SHARES

10 JANUARY 2018

In December 2010 the Company undertook a bonus issue of subscription shares of one penny each (the "Subscription Shares") on the basis of one Subscription Share for every seven ordinary shares. The Subscription Shares confer the right to subscribe for one ordinary share, at a fixed price of 345 pence on the last business day of June and December up to and including December 2017. The final period during which holders of Subscription Shares were entitled to exercise their rights ended on 29 December 2017 (the "Final Subscription Date").

The Company announces that it has received applications from holders of Subscription Shares to exercise the rights attaching to their shares and to subscribe for 2,707 ordinary shares of one penny each in the capital of the Company (the "Ordinary Shares"), subject to listing, at a price of 345 pence per Ordinary Share.

Application has been made for the new Ordinary Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 12 January 2018.

As at the date hereof 6,853,639 Subscription Shares remain outstanding and have not had their rights exercised. In accordance with the terms and conditions on which the Subscription Shares were issued (as set out in the prospectus published by the Company on 11 November 2010) the Company has appointed a trustee over the outstanding Subscription Shares. In accordance with the terms of the Subscription Shares, the trustee will have to decide whether or not to exercise the outstanding rights within 14 days following the Final Subscription Date. If the trustee decides not to exercise the outstanding shares the Subscription Share rights will lapse. A further announcement will be made in respect of the trustee's decision in due course.

Total voting rights

Following the issue of the new Ordinary Shares noted above the Company's issue share capital will consist of 41,241,680 Ordinary Shares, with each share carrying the right to one vote, of which 260,706 are held in treasury and 6,853,639 Subscription Shares (which carry no voting rights). Therefore, the total number of voting rights in the Company is 40,980,974.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency sourcebook.

For further information, please contact:

Artemis Fund Managers Limited

Company Secretary

Telephone: 0131 225 7300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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