The European Investment Trust plc (the "Company")
Cancellation of New Zealand Stock Exchange Listing
The Company announces that it has requested and been granted, subject to
satisfaction of certain conditions, approval from NZX Limited ("NZX") for the
listing of its ordinary shares on the NZX Main Board ("NZSX") to be
cancelled. The Company expects to satisfy all of those conditions.
The last day of trading of the Company''s shares on NZSX is expected to be 31
October 2017. It is expected that the shares will cease to be listed on the
NZSX at the close of business (New Zealand time) on 2 November 2017.
The Company''s shares have been listed on the NZSX since April 2000. There is
a small and decreasing number of shareholders remaining on the New Zealand
register as well as a reduced number of trades being undertaken on the NZSX.
The Directors have therefore determined that the costs associated with the
Company''s shares remaining listed on the NZSX outweigh the benefits to the
Company''s shareholders.
Following the cancellation of the NZSX listing, the Company''s New Zealand
listed shares will be transferred to the Company''s United Kingdom share
register. The Company''s shares will continue to be listed on the main market
of London Stock Exchange plc (the "LSE"). Any shares listed on the NZSX at
the time of cancellation of listing on the NZX will continue to be listed on
the LSE.
A letter setting out further details of the delisting and transition process
will be sent to the Company''s New Zealand branch register shareholders
shortly. The terms of that letter are attached to the announcement.
18 September 2017
Enquiries:
Kenneth Greig
Edinburgh Partners AIFM Limited
Tel: 0131 270 3800
The Company''s registered office address is:
Beaufort House
51 New North Road
Exeter
EX4 4EP
End CA:00307385 For:EUT Type:GENERAL Time:2017-09-19 08:30:37