Lindsell Train Investment Trust Proposes Share Split
Why we think this is neutral
The RNS announcement indicates the company is proposing a share split, which suggests the management is looking to improve the liquidity and accessibility of the shares. However, the announcement also notes that the share split is conditional on various approvals, which could introduce some uncertainty. Overall, the information provided does not indicate any significant positive or negative developments, leading to a neutral sentiment assessment.
Key Points
- Proposed share split of existing 75p ordinary shares into 100 new 0.75p ordinary shares
- Intended to assist monthly savers, dividend reinvestors and those investing smaller amounts
- Also expected to improve liquidity of the company's shares
- Share split subject to shareholder approval at AGM and admission of new shares to Official List
Summary
The Lindsell Train Investment Trust announces a proposed share split, where each existing ordinary share of 75 pence will be subdivided into 100 new ordinary shares of 0.75 pence each. The company believes this will assist monthly savers, dividend reinvestors and those looking to invest smaller amounts, as well as potentially improve the liquidity of the shares. The share split is subject to shareholder approval at the upcoming AGM and conditional on the new shares being admitted to the Official List and London Stock Exchange.