LONDON - Aurora Investment Trust plc has successfully completed the acquisition of approximately £100 million worth of net assets from Artemis Alpha Trust plc, resulting in the issuance of 38,369,114 new shares to Artemis Alpha shareholders. This transaction follows approval from Artemis Alpha shareholders earlier today.
The new shares were determined based on a conversion ratio derived from the Aurora FAV (Fair Asset Value) per share and the ATS (Artemis Alpha Trust) Rollover FAV per share, as specified in the scheme. Fractional shares resulting from this conversion will not be issued, and shareholder entitlements will be rounded down to the nearest whole number.
The company has applied for the newly issued shares to be listed on the Official List of the Financial Conduct Authority and to be traded on the main market for listed securities of the London Stock Exchange (LON:LSEG), with admission expected to occur at 8.00 a.m. on December 2, 2024.
Post-issuance, Aurora Investment Trust's share capital will consist of 114,661,838 shares, each with one voting right. The total number of shares can now be used by shareholders to gauge their notification requirements for voting rights or changes in interest under the Disclosure Guidance and Transparency Rules.
Additionally, in alignment with the proposals, Aurora Investment Trust plc will rebrand as 'Aurora UK Alpha plc'. The company will make a separate announcement once the change of name is legally effective.
The details of this transaction are based on a press release statement and are intended for informational purposes only. This announcement is not an offer of securities for sale in the United States or any other jurisdiction where such an offer would be unlawful. The securities mentioned have not been registered under the US Securities Act of 1933 and are not intended for public offering in the United States.
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