Ashoka India Equity Investment Trust plc Share Offer
This offer is now closed for applications through interactive investor
Results of the Initial Issue
- The Issue Price was set at 160.2 pence per new Ordinary Share
- Ashoka India Equity Investment Trust plc (AIE) has successfully raised gross proceeds of approximately £4.6 million.
- Applications have been made to the London Stock Exchange for 2,854,176 Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
- Allocations have been met in full, meaning customers will receive 100% of the amount they applied for, rounded down to the nearest whole share.
- Share allocations and uninvested cash are being credited today (Wednesday 16 June 2021). Confirmation of allocations will be sent once the shares are showing on accounts.
- Please note, the allocation policy was set by AIE and not Interactive Investor.
Offer period
- The Offer Period for the Ashoka India Equity Investment Trust plc Share Offer closed at 1pm on Tuesday 15 June 2021.
Trading starts
- Admission and unconditional dealing in the New Ordinary Shares is expected to commence at 8am on Friday 18 June 2021. There is no conditional dealing period.
- When admitted to trading, the New Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BF50VS4 and trade under the symbol "AIE".
- If you buy or sell Ashoka India Equity Investment Trust plc Ordinary Shares after admission the relevant share dealing rate will apply.
Key information
| Issue price per share: | 160.2 pence* |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | AIE |
| SEDOL: | BF50VS4 |
* The Issue Price was a premium of 2% to the NAV (cum-income) per Ordinary Share at close of business on 15 June 2021
Expected timetable
| Offer open: | 28 May 2021 |
| Offer close: | 15 June 2021 (1pm) |
| Result announced: | 16 June 2021 |
| Unconditional dealing starts: | 18 June 2021 (8am) |
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Ashoka India Equity Investment Trust plc Prospectus in accordance with the Company's consent and the conditions set out in the Ashoka India Equity Investment Trust plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Ashoka India Equity Investment Trust plc" and the Ashoka India Equity Investment Trust plc logo are registered trademarks of Ashoka India Equity Investment Trust plc. Reproduced by kind permission of Ashoka India Equity Investment Trust plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.