JANUS HENDERSON FUND MANAGEMENT UK LIMITED
HENDERSON OPPORTUNITIES TRUST PLC
LEGAL ENTITY IDENTIFIER: 2138005D884NPGHFQS77
14 February 2024
HENDERSON OPPORTUNITIES TRUST PLC
Share Split and Total Voting Rights
Henderson Opportunities Trust plc (the 'Company') announces further details of the proposed sub-division (the 'Share Split') of each of the Company's ordinary share of 25p each ('Existing Ordinary Share') into 5 ordinary shares of 5p each ('New Ordinary Shares') announced in the Company's annual results released on 1 February 2024. The Share Split is intended to assist monthly savers and those who reinvest their dividends or are looking to invest smaller amounts, and to improve the liquidity in and the marketability of the Company's shares.
The Share Split is subject to the approval of the Company's shareholders at the Company's Annual General Meeting ('AGM'), which will be held on 7 March 2024.
The Share Split is also conditional on the New Ordinary Shares being admitted to the Official List of the Financial Conduct Authority ('FCA') and to trading on the London Stock Exchange's main market for listed securities. Applications for such admissions (the 'Admission Applications') are being made and it is expected that such admissions will become effective, and that dealings in the New Ordinary Shares will commence, at 8.00am on Monday 11 March 2024, at which time the Share Split will become effective. The last day of trading in the Existing Ordinary Shares is expected to be Friday 8 March 2024 and the record date for the Share Split is 6.00pm on that date (the 'Record Date').
If approved by shareholders, the Share Split will result in shareholders receiving 5 New Ordinary Shares in exchange for each Existing Ordinary Share held at the Record Date. CREST accounts are expected to be credited with New Ordinary Shares on Monday 11 March 2024 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders no later than 15 March 2024.
The New Ordinary Shares will have a new ISIN and SEDOL, as follows:
New ISIN: GB00BSHRGN41
New SEDOL: BSHRGN4
The ticker for the New Ordinary Shares will remain the same as the ticker for the Existing Ordinary Shares (HOT). The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions (save as to nominal value) as the Existing Ordinary Shares. Each New Ordinary Share will also have one vote per share on a poll. A holding of New Ordinary Shares following the Share Split will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of Existing Ordinary Shares immediately prior to the Share Split.
The Company currently has 8,000,858 Existing Ordinary Shares in issue (including 102,483 Existing Ordinary Shares held in treasury). On this basis, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6, the Company advises that, immediately following completion of the Share Split and on the assumption that no Existing Ordinary Shares are bought back or issued by the Company between the date of this announcement and the date on which the Share Split takes effect, the Company will have 40,004,290 New Ordinary Shares in issue (including 512,415 New Ordinary Shares held in treasury).
For further information please contact:
| Dan Howe Head of Investment Trusts Janus Henderson Investors Telephone: 020 7818 4458 | | Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Telephone: 020 7818 2919 |
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