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The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, Canada, Australia (other than to persons who are both wholesale clients and professional or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
SUB-DIVISION OF SHARES
On 5 August 2021, the Company published its annual report setting out its intention to undertake a Sub-division (the "Sub-division") of each of the Company's ordinary shares of 67 pence each (the "Existing Ordinary Shares") into 10 ordinary shares of 6.7 pence each (the "New Ordinary Shares"). At the Company's Annual General Meeting held today, shareholders approved the Sub-division.
The last day of trading in the Existing Ordinary Shares will be 29 October 2021, following which the Sub-division will take effect and it is expected that the New Ordinary Shares will be admitted to the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange at 8.00 a.m. on 1 November 2021.
CREST accounts will be credited with New Ordinary Shares on 1 November 2021. It is expected that share certificates in respect of the New Ordinary Shares held in certificated form will be posted to certificated shareholders by 12 November 2021.
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.
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.
Total Voting Rights
On the basis that there are currently 54,089,447 Existing Ordinary Shares in issue, following completion of the Sub-division, there will be 540,894,470 New Ordinary Shares in issue, of which 1,050,000 New Ordinary Shares will be held in treasury. Therefore, immediately following the Sub-division of the Company's shares on 1 November 2021, the total number of voting rights in the Company will be 539,844,470.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For the avoidance of doubt, the Sub-division alone will not alter shareholders' voting rights.
For more information please visit PIP's website at www.piplc.com or contact:
Helen Steers or Vicki Bradley
Pantheon Ventures (UK) LLP
020 3356 1800
Link Alternative Fund Administrators Limited
01392 477 500
Lucy Lewis, David Yovichic or Denis Flanagan
Investec Bank plc
020 7597 4000
Follow us on LinkedIn: https://www.linkedin.com/company/pantheon-international-plc
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.
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 $71.3 billion in AUM ^^ (as at 31 March 2021) 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
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.