23 November
2020
PGIT Securities 2020 plc (the “Company”)
Result of First General Meeting
The Directors of the Company are pleased to announce that the
special resolutions proposed at the First General Meeting of the
Company held earlier today, approving the reclassification of the
ZDP Shares into Reclassified Shares, the amendment of the Company's
articles of association and implementation of the Scheme, were
unanimously passed.
Accordingly, an application will be made to the FCA and the
London Stock Exchange for the listing in respect of the 24,073,337
Existing ZDP Shares to be amended to reflect the reclassification
of the Existing ZDP Shares as Reclassified Shares with “A” rights
(“ZDP A Shares”) and “B” rights (“ZDP B Shares”) - A Shares being
those with rights to New ZDP Shares in PMGR Securities 2025 plc and
B Shares with rights to cash. Upon reclassification, the
Reclassified Shares will comprise 8,648,877 ZDP A Shares and
15,424,460 ZDP B Shares. It is expected that the amendment will
become effective and dealings in Reclassified Shares will commence
with effect from 8.00 a.m. on
27 November 2020.
The Official List will be amended to reflect the Reclassified
Shares at 8.00 a.m. on 27 November 2020. The ISIN of the A Shares will
be GB00BN7CH425 and the ISIN of the B Shares will be GB00BN7CH532
and the TIDMs will be PGIA and PGIB respectively.
Applications will also be made to the FCA and the London Stock
Exchange to suspend the listing of the Reclassified Shares at
8.00 a.m. on 30 November 2020.
The Scheme remains conditional on the passing of the special
resolutions at the Second General Meeting to be held at
10.00 a.m. on 30 November 2020.
The amended articles of association of the Company and copies of
the special resolutions will be submitted to the National Storage
Mechanism and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the
Company's website
https://www.premierfunds.co.uk/premier-miton-global-renewables-trust-plc.
Capitalised terms used in this announcement shall have the same
meaning as in the Circular published on 3
November 2020.
Contact:
Premier Fund Managers Limited
01483 306090
Claire Long
(claire.long@premiermiton.com)
James Smith
(james.smith@premiermiton.com)
N+1 Singer
020 7496 3000
James Maxwell
(james.maxwell@n1singer.com)
Iqra Amin
(iqra.amin@n1singer.com)