Capitalisation of B Ordinary shares

11 May 2016

Murray International Trust PLC

Capitalisation Issue of B Ordinary Shares

In accordance with the terms of the Articles of Association of the Company the Directors have resolved to make a bonus issue of B Ordinary shares which corresponds to the final dividend of 15.0p per Ordinary share announced on 11 March 2016. 

On 18 May 2016 the Company will capitalise £4,180 being part of the sum standing at credit of the realised gains reserve and the Directors will issue 1.81311 new B Ordinary shares credited as fully paid for every 100 B Ordinary shares held at close of business on the record date of 7 April 2016 (resulting in the issue of 16,720 new B Ordinary shares based upon the 922,172 B Ordinary shares in issue on the record date). 

Application is being made to the UK Listing Authority and the London Stock Exchange Plc for the 16,720 B Ordinary shares of 25p each ("Shares") to be admitted to the Official List.  The B Ordinary Shares will rank pari passu with the existing B Ordinary shares and will be issued in respect of the capitalisation issue in lieu of the final dividend.  Dealings are expected to commence in the new B Ordinary shares on 18 May 2016.

Definitive certificates in respect of the new B Ordinary shares arising from the capitalisation will be posted on 18 May 2016 to holders of B Ordinary shares on the record date.