Pantheon International PLC Notice of AGM & Proposed Share Sub-division (9326J)
27 Agosto 2021 - 01:00AM
UK Regulatory
TIDMPIN
RNS Number : 9326J
Pantheon International PLC
27 August 2021
27 August 2021
For immediate release
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, Canada, Australia (other than to persons who are
both wholesale clients and professional or sophisticated investors
in Australia), Japan, the Republic of South Africa or any other
jurisdiction where its release, publication or distribution is or
may be unlawful.
Pantheon International Plc
( the " Company")
NOTICE OF THE ANNUAL GENERAL MEETING & PROPOSED SHARE
SUB-DIVISION
The Board of Directors of the Company announces that it has
published its Notice of the Annual General Meeting (the "AGM"). In
compliance with Listing Rule 9.6.3, the document has today been
submitted to the National Storage Mechanism and will shortly be
available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism . Printed
copies of this document will be sent to shareholders today and a
copy is also available to view on the Company's website at
https://www.piplc.com . The AGM will be held at The British
Academy, 10-11 Carlton House Terrace, London, SW1Y 5AH on 27
October 2021 at 10.30 a.m. and shareholders wishing to attend in
person should register their interest in attending by emailing the
Company Secretary at pip_cosec@linkgroup.co.uk .
Proposed 10 for 1 Sub-division of Existing Ordinary Shares
The Company's Annual Report and Audited Financial Statements
(the "Annual Report") for the year ended 31 May 2021 was published
on 5 August 2021. The Annual Report set out the Company's intention
to undertake a Sub-division (the "Sub-division") of each of the
Company's existing Ordinary Shares of 67p each (the "Existing
Ordinary Shares") into 10 ordinary shares of 6.7p each (the "New
Ordinary Shares") in order to make PIP's shares more accessible to
a range of investors with a view to improving the marketability of
PIP's shares.
The Notice of the AGM includes full details of the Sub-division
and the proposed Ordinary Resolution which will be put to a vote of
the shareholders at the AGM in order to effect the Sub-division.
Subject to shareholders voting in favour of the Sub-division and
the admission of the New Ordinary Shares to the Official List, the
proposed timetable for the implementation of the Sub-division is as
follows:
Event Date/Time
Last day for trading in the Existing 29 October 2021
Ordinary Shares
--------------------------
Record date 5.00pm on 29 October 2021
--------------------------
Admission of the New Ordinary Shares 8.00am on 1 November 2021
and to trading on the main market
of the London Stock Exchange
--------------------------
CREST accounts credited with the 1 November 2021
New Ordinary Shares
--------------------------
Dispatch of new share certificates by 12 November 2021
for the New Ordinary Shares to
certified holders
--------------------------
The New Ordinary Shares will have a new ISIN and SEDOL, as
follows:
-- ISIN: GB00BP37WF17
-- SEDOL: BP37WF1
The ticker for the New Ordinary Shares will remain unchanged
(PIN).
Following the Sub-division, each shareholder will hold 10 New
Ordinary Shares for each Existing Ordinary Share that they held
immediately prior to the Sub-division. The Sub-division will
increase the number of Ordinary Shares that the Company has in
issue and there will be a corresponding reduction in the net asset
value and market price of each New Ordinary Share, reflecting the
fact that there will be 10 times as many New Ordinary Shares in
issue than Existing Ordinary Shares.
The New Ordinary Shares will rank pari passu with each other and
will be subject to the same rights and restrictions as the Existing
Ordinary Shares. A holding of New Ordinary Shares following the
Sub-division will represent the same proportion of the issued
ordinary share capital of the Company as the corresponding holding
of Existing Ordinary Shares.
Ends
LEI: 2138001B3CE5S5PEE928
Enquiries:
Pantheon
Helen Steers / Vicki Bradley
020 3356 1800
Follow us on LinkedIn: https://www.linkedin.com/company/pantheon-international-plc
NOTES
PIP
PIP is a listed FTSE 250 private equity investment trust,
overseen by an independent Board of Directors and managed by
Pantheon, one of the leading private equity investment managers
globally. PIP offers investors a liquid, differentiated entry point
to the excellent growth potential of global private equity, with
access to the primary, secondary and co-investment opportunities of
some of the best managers in the world. The Company has a track
record of outperformance and manages risk through diversification
and rigorous selection based on Pantheon's extensive experience and
international platform.
Pantheon
PIP is managed and advised by Pantheon, a leading global private
equity, infrastructure & real assets and private debt investor
with more than 35 years' experience sourcing and executing private
market investment opportunities on behalf of clients. Pantheon has
$65.9 billion in AUM ^^ (as at 31 December 2020) and employs
approximately 380 staff including more than 110 investment
professionals across offices in London, San Francisco, New York,
Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin.
^^ This figure includes assets subject to discretionary or
non-discretionary management, advice or those limited to a
reporting function.
Important Information
A copy of this announcement will be available on the Company's
website at www.piplc.com . Neither the content of the Company's
website, nor the content on any website accessible from hyperlinks
on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published
by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not
to acquire, continue to hold, or dispose of, securities in the
Company.
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END
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