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Witan Investment Trust plc ORD GBP0.05

Sell:266.00p Buy:266.00p Change: No change
FTSE 250:1.06%
Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Scheme of Arrangement

Witan Investment Trust plc ORD GBP0.05

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Sep 2024)

What is happening?

 

The board of Witan Investment Trust plc is proposing to wind up the company and combine with Alliance Trust plc to form an enlarged company, to be renamed Alliance Witan plc. You can take no action in relation to your holding in Witan Investment Trust and receive new shares in the combined company or elect to receive cash in place of your holding.

 

What are my options?

 

Option 1 - Rollover into Alliance Trust plc (DEFAULT). You can rollover your holding into Alliance Trust Plc. This will be renamed Alliance Witan plc and is referred to as ‘ATST’ throughout the letter/secure message sent to you. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the ATST shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 17.5% of the shares in issue, so if you elect for cash for more than 17.5% of your holding you may receive the default terms (ATST shares) for some of your shares instead.

 

Electing for cash – Act by noon Friday 27 September 2024

 

Please give an election below if you wish to elect for cash for some or all of your holding. 

 

If the proposals are approved, they will become effective on 9 October 2024. The new ATST shares are due from 10 October 2024 and the cash is due from 14 October 2024.

 

Full details of this event including information on how entitlements under the above two options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

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Sell:266.00p
Buy:266.00p
Change: No change
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Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Scheme of Arrangement

Witan Investment Trust plc ORD GBP0.05

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Sep 2024)

What is happening?

 

The board of Witan Investment Trust plc is proposing to wind up the company and combine with Alliance Trust plc to form an enlarged company, to be renamed Alliance Witan plc. You can take no action in relation to your holding in Witan Investment Trust and receive new shares in the combined company or elect to receive cash in place of your holding.

 

What are my options?

 

Option 1 - Rollover into Alliance Trust plc (DEFAULT). You can rollover your holding into Alliance Trust Plc. This will be renamed Alliance Witan plc and is referred to as ‘ATST’ throughout the letter/secure message sent to you. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the ATST shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 17.5% of the shares in issue, so if you elect for cash for more than 17.5% of your holding you may receive the default terms (ATST shares) for some of your shares instead.

 

Electing for cash – Act by noon Friday 27 September 2024

 

Please give an election below if you wish to elect for cash for some or all of your holding. 

 

If the proposals are approved, they will become effective on 9 October 2024. The new ATST shares are due from 10 October 2024 and the cash is due from 14 October 2024.

 

Full details of this event including information on how entitlements under the above two options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:266.00p
Buy:266.00p
Change: No change
Market closed |  Prices as at close on 8 October 2024 | Switch to live prices |
Scheme of Arrangement

Witan Investment Trust plc ORD GBP0.05

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Sep 2024)

What is happening?

 

The board of Witan Investment Trust plc is proposing to wind up the company and combine with Alliance Trust plc to form an enlarged company, to be renamed Alliance Witan plc. You can take no action in relation to your holding in Witan Investment Trust and receive new shares in the combined company or elect to receive cash in place of your holding.

 

What are my options?

 

Option 1 - Rollover into Alliance Trust plc (DEFAULT). You can rollover your holding into Alliance Trust Plc. This will be renamed Alliance Witan plc and is referred to as ‘ATST’ throughout the letter/secure message sent to you. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the ATST shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 17.5% of the shares in issue, so if you elect for cash for more than 17.5% of your holding you may receive the default terms (ATST shares) for some of your shares instead.

 

Electing for cash – Act by noon Friday 27 September 2024

 

Please give an election below if you wish to elect for cash for some or all of your holding. 

 

If the proposals are approved, they will become effective on 9 October 2024. The new ATST shares are due from 10 October 2024 and the cash is due from 14 October 2024.

 

Full details of this event including information on how entitlements under the above two options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
n/a
Trade high:
n/a
Year high:
277.00p
Market capitalisation
Market cap.
:
£1.58 bn
Previous close:
266.00p
Trade low:
n/a
Year low:
209.00p
P/E ratio:
n/a
Previous:
0.00p (0.00%) Previous:
0.00p
Volume:
n/a
Dividend yield:
2.27%
EMS:
3,000
Data delayed by at least 15 minutes.

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