The Merchants Trust has issued 100,000 new ordinary shares of 25p each from its general corporate purposes block listing facility at a price of 537.8p per share. This represents a premium of 1% to the current NAV. These shares rank pari passu with existing shares in issue.
Following the issue, the company has gained the ability to issue 21,866,344 ordinary shares under its block listing facility. Therefore, the total number of ordinary shares in issue stands at 113,228,464.