City Merchants High Yield Trust Limited has agreed today to issue and allot 125,000 ordinary shares of no par value at a price of 190.63p each under its block listing facility.
This allotment is to satisfy secondary market demand and is made under the annual authority granted by the Companys shareholders for such allotments.
These shares rank pari passu with the existing shares in issue in all respects.
Following this issue the total number of ordinary shares in issue is 90,186,204, which should be used as the denominator for calculating interests in the Company.
At 12:35pm: (LON:CMHY) City Merchants High Yield Trust PLC share price was +2.38p at 190.63p