In connection with the proposals for the combination of the assets of Witan Investment Trust plc with Alliance Trust PLC (to be renamed Alliance Witan PLC), by means of a scheme of reconstruction and winding up of the Company , the Board has announced the following Elections in connection with the Scheme:
Rollover Option: 538,482,637 Shares (90.7 per cent. of Ordinary Shares (excluding treasury shares) in issue); and
Cash Option: 55,416,014 Shares (9.3 per cent. of Ordinary Shares (excluding treasury shares) in issue).
In accordance with the Scheme, Ordinary Shareholders that made no Election have been deemed to have elected for the Rollover Option.
As the total Elections made for the Cash Option were less than 17.5 per cent of the Ordinary Shares (excluding treasury shares) in issue (being the maximum number of Ordinary Shares that can be elected for the Cash Option), no scale back has been applied and all valid Elections will be satisfied in full.
New shares in Alliance Witan PLC will be credited on or around 10th October 2024.
Shareholders who elected for the Cash Option will have the proceeds credited to their account on or around 14th October 2024.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk