LOWLAND INV CO PLC

Share Issue/Capital Change • Dec 14, 2021

National Storage Mechanism | Additional information

RNS Number : 6472V

Lowland Investment Co PLC

14 December 2021

HENDERSON INVESTMENT FUNDS LIMITED

LOWLAND INVESTMENT COMPANY PLC

LEGAL ENTITY IDENTIFIER: 2138008RHG5363FEHV19

14 December 2021

LOWLAND INVESTMENT COMPANY PLC

Share Split and Total Voting Rights

Lowland Investment Company plc (the 'Company') today announces further details of the announced sub-division (the 'Share Split') of each ordinary share of 25p each ('Existing Ordinary Share') into 10 ordinary shares of 2.5p each ('New Ordinary Shares'), subject to the approval of the Share Split at the Company's Annual General Meeting ('AGM'), which will be held on Wednesday, 26 January 2022.

The Share Split is also conditional on the New Ordinary Shares being admitted to the Official List of the Financial Conduct Authority ('FCA') and to trading on the London Stock Exchange's main market for listed securities. Applications for such admissions (the 'Admission Applications') are being made and it is expected that such admissions will become effective, and that dealings in the New Ordinary Shares will commence at 8.00am on Monday 7 February 2022, at which time the Share Split will become effective. The last day of trading in the Existing Ordinary Shares is expected to be, therefore, Friday 4 February 2022 and the record date for the Share Split is 6.00pm on that date (the 'Record Date').

Shareholders will receive 10 New Ordinary Shares in exchange for each Existing Ordinary Share held at the Record Date. CREST accounts are expected to be credited with New Ordinary Shares on Monday 7 February 2022 and share certificates in respect of the New Ordinary Shares are expected to be posted to shareholders no later than Friday 11 February 2022.

The New Ordinary Shares will have a new ISIN and SEDOL, as follows:

New ISIN: GB00BNXGHS27

New SEDOL: BNXGHS2

The ticker for the New Ordinary Shares will remain the same as the ticker for the Existing Ordinary Shares (LWI). The New Ordinary Shares will rank pari passu with each other and will be subject to the same rights and restrictions as the Existing Ordinary Shares. Each New Ordinary Share will also have one vote per share on a poll. A holding of New Ordinary Shares following the Share Split will represent the same proportion of the issued ordinary share capital of the Company as the corresponding holding of Existing Ordinary Shares immediately prior to the Share Split.

The Company currently has 27,018,565 Existing Ordinary Shares in issue. On this basis, in accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6, the Company advises that, following the completion of the Share Split, as at Monday 7 February 2022 the Company will have 270,185,650 New Ordinary Shares in issue (assuming no shares are issued by the Company prior to the Share Split).        

For further information please contact:

Helena Harvey

Company Secretary, Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 2025

James de Sausmarez

Director and Head of Investment Trusts

Janus Henderson Investors

Telephone: 020 7818 3349

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