LONDON AND ST LAWRENCE INVESTMENT COMPANY PLC
NOTICE OF GENERAL MEETING
20 June 2014London and St Lawrence Investment Company plc (the "Company") announces that it
has today posted a circular to shareholders giving notice of a general meeting
of the Company to be held at 12.00 noon on 14 July 2014 at the offices Wragge
Lawrence Graham & Co. LLP, 4 More London Riverside, London SE1 2AU (the
The Company becomes a constituent of the FTSE All-Share Index today.
Accordingly, the Board of Directors of the Company has been considering methods
to meet anticipated demand from new and existing investors for ordinary shares
of £0.05 each in the capital of the Company ("Ordinary Shares"). The purpose of
the General Meeting is to seek shareholders approval to issue up to 2,872,300
new Ordinary Shares (representing approximately 10% of the entire issued share
capital of the Company as at the date of this announcement)(the "Issue"). All
Ordinary Shares issued pursuant to the Issue will be issued at a premium to the
net asset value per Ordinary Share to, inter alia, cover the costs and expenses
of the Issue (including, without limitation, any placing commission).
Resolutions will be put to the Company's shareholders at the General Meeting
authorise the allotment of up to 2,872,300 Ordinary Shares; and
disapply statutory pre-emption rights otherwise applicable to the allotment of
2,872,300 Ordinary Shares such that Ordinary Shares do not first have to be
offered to the Company's shareholders in proportion to their holdings of
A copy of the circular will be submitted to the National Storage Mechanism and
will shortly be available for inspection at www.morningstar.co.uk/uk/NSM and on
the Company's website at www.londonandstlawrence.com.
For further information, please contact Jenny Sculley on 01296 711598.
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