Ashoka India Equity Trust Updates on Share Issuance Details
Ashoka India Equity Trust Issues Correction on Shares
Ashoka India Equity Investment Trust PLC (LSE:AIE) recently made headlines with an important update concerning its share issuance under a block listing facility. This correction was necessary as the company initially released inaccurate information regarding the transaction.
Details of the Share Issuance Correction
In a new announcement, Ashoka India Equity Trust confirmed that it issued 150,000 ordinary shares at a price of 296.10 pence each. This issuance price reflects a premium over the net asset value (cum income) per ordinary share at that time. This step aligns with the company's ongoing strategy to raise capital effectively and provide updated funding for its future initiatives.
Impact of the Issuance on Share Capital
Following this issuance, the total issued share capital of Ashoka India Equity Trust now amounts to 163,689,643 ordinary shares, each with voting rights. This adjustment in share count is crucial for existing shareholders as it serves as the basis for calculating percentage holdings, in line with the Financial Conduct Authority's rules on disclosure obligations.
Ashoka India Equity Trust: Focus on Indian Equities
Ashoka India Equity Trust specializes in Indian equity investments, providing investors with opportunities to diversify their portfolios in this vibrant market. The company's Legal Entity Identifier (LEI) is 213800KX5ZS1NGAR2J89, which is essential for ensuring transparency and accountability in its operations. The recent share issuance plays a significant role in supporting the trust's strategy of offering a broad exposure to a variety of Indian equities and driving growth for its investors.
Frequently Asked Questions
What prompted the correction from Ashoka India Equity Trust?
A correction was necessary after the company released inaccurate information about a recent share issuance.
How many shares did Ashoka India Equity Trust issue?
The trust issued 150,000 ordinary shares at a price of 296.10 pence each.
What is the total issued share capital of the company after this issuance?
After the recent issuance, the total issued share capital stands at 163,689,643 ordinary shares.
How does this issuance affect shareholders?
This issuance impacts shareholders as it alters the denominator needed for calculating percentage holdings, important for disclosure obligations.
What is the focus of Ashoka India Equity Trust?
Ashoka India Equity Trust primarily focuses on investments in Indian equities, aiming to provide a diversified investment portfolio in this region.
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