Bolton China trust issues further 11m shares

clock

Anthony Bolton's Fidelity China Special Situations trust has issued a further 11 million shares, primarily to assist trackers wishing to buy the vehicle following its admission to the FTSE 250.

The company used 11 million of almost 45 million shares available in its block listing facility to issue the ordinary shares at 100.1p. Strong recent buying from trackers has driven Fidelity China Special Situations to a 5.3% premium over NAV. As at 23 June, the issued share capital of Fidelity China Special Situations will be 471 million. Following this issue, the company has the ability to issue another 34,999,999 ordinary shares under its block listing facility. Fidelity China Special Situations has been admitted to the FTSE 250 as of today.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot