28 July 2015
Premier Energy and
Water Trust PLC (the “Company”)
Further issue of
ordinary shares
The Company announces that it has today allotted and issued,
conditional only on admission, by way of a tap issue in response to
market demand, 400,000 new ordinary shares of 1 pence each par value for cash, at a price of
169.75 pence per share (the “New
Shares”). The New Shares will rank pari passu with the existing
ordinary shares and dealings in the New Shares are expected to
commence on 3 August 2015.
Application has been made for the New Shares to be admitted to the
premium listing segment of the Official List and to trading on the
Main Market of the London Stock Exchange.
The above shares were issued pursuant to a resolution approved
at an Annual General Meeting of Premier Energy and Water Trust PLC
held on 21 April 2015 which permitted
the allotment provided that (i) such issue is simultaneous with an
issue of new zero dividend preference shares by PEWT Securities PLC
(“new ZDP Shares”) and (ii) the combined effect of the issue of
Ordinary Shares and the issue of New ZDP Shares is that the
net asset value per Ordinary Share is thereby increased.
Following the issue of the ordinary shares, the issued share
capital will consist of 18,088,480 ordinary shares.
The above figure of 18,088,480 may be used by shareholders as
the denominator by which they will determine if they are required
to notify their interest in, or change of their interest, in
Premier Energy and Water Trust PLC under the FCA’s Disclosure and
Transparency Rules.
-end-
Enquiries:
Premier Fund
Managers Limited
Nigel Sidebottom
James Smith
Claire Long |
+ 44 (0) 1483 30 60
90
|
N+1
Singer
James Maxwell
Liz Yong
Tom Smale |
+ 44 (0) 20 7496 3000 |