NOT FOR
RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR
TO INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF
SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA OR ANY OTHER
JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF
THIS ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE THE SECTION
ENTITLED "DISCLAIMER" TOWARDS THE END OF THIS
ANNOUNCEMENT.
25 April 2024
Ashoka India Equity
Investment Trust plc
Block Listing
Application
The Board of Ashoka India Equity
Investment Trust plc (the "Company") announces that application has
been made to the Financial Conduct Authority and to the London
Stock Exchange for a block listing of 6,500,000 ordinary shares of
one penny each ("Ordinary Shares") in the Company to be admitted to
the Official List and to trading on the London Stock Exchange's
market for listed securities ("Admission").
The above 6,500,000 Ordinary Shares
to be block listed may be issued pursuant to the Company's existing
authorities to issue new Ordinary Shares on a non pre-emptive basis. These Ordinary Shares
may be issued inter alia to satisfy market demand and for the
purposes of managing the premium to net asset value (cum income)
per Ordinary Share at which the Ordinary Shares are trading. When
issued, these Ordinary Shares will rank pari passu with the
existing Ordinary Shares in issue. It is expected that Admission
will become effective on 29 April 2024.
The Company's LEI is:
213800KX5ZS1NGAR2J89
Enquiries:
Apex Listed Companies Services (UK) Limited
Jenny Thompson
0203 327 9720
Peel Hunt LLP
Luke Simpson, Liz Yong, Huw Jeremy
(Investment Banking)
Alex Howe, Chris Bunstead, Ed
Welsby, Richard Harris (Sales)
020 7418 8900
Disclaimer
This announcement does not
constitute a prospectus relating to the Company and does not
constitute, or form part of, any offer or invitation to sell or
issue, or any solicitation of any offer to purchase or subscribe
for, any shares in the Company in any jurisdiction nor shall it, or
any part of it, or the fact of its distribution, form the basis of,
or be relied on in connection with or act as any inducement to
enter into, any contract therefor. Recipients of this announcement
who intend to purchase such shares are reminded that any such
purchase or subscription must be made solely on the basis of the
information contained in the Prospectus dated 24 April 2024 which
is available at the National Storage Mechanism
at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and
from the Company's registered office and on the Company's website
(https://ashokaindiaequity.com).
Peel Hunt LLP ("Peel Hunt"), which
is authorised and regulated by the Financial Conduct Authority, is
acting for the Company only in connection with the matters
described in this announcement and is not acting for or advising
any other person, or treating any other person as its client, in
relation thereto and will not be responsible for providing the
regulatory protection afforded to clients of Peel Hunt or advice to
any other person in relation to the matters contained
herein.
The shares of the Company have not
been, and will not be, registered under the U.S. Securities Act of
1933 (as amended) (the "Securities Act") or under the securities
laws of any state or other jurisdiction of the United States, and
may not be offered or sold into or within the United States, absent
registration, except pursuant to an applicable exemption from, or
in a transaction that is not subject to, the registration
requirements of the Securities Act and in compliance with the
securities laws of any relevant state or other jurisdiction of the
United States. The shares of the Company may be offered outside of
the United States pursuant to the provisions of Regulation S of the
Securities Act. Further, the Company is not, and will not be,
registered under the US Investment Company Act of 1940, as amended.
Moreover, the shares of the Company have not been, nor will they
be, registered under the applicable securities laws of India,
Australia, Canada, the Republic of South Africa, Japan or any
member state of the EEA. Subject to certain exceptions, the shares
of the Company may not be offered or sold in India, the United
States, Australia, Canada, the Republic of South Africa, Japan or
any member state of the EEA (other than to professional investors
in certain EEA member states for which marketing approval has been
obtained) or to, or for the account or benefit of, any national,
resident or citizen of India, the United States, Australia, Canada,
the Republic of South Africa, Japan or any member state of the EEA
(other than to professional investors in certain EEA member states
for which marketing approval has been obtained). The distribution
of this announcement, in other jurisdictions may be restricted by
law and the persons into whose possession this announcement comes
should inform themselves about, and observe, any such
restrictions.