Overview of the Share Split#
F&C Investment Trust plc, listed on the London Stock Exchange under the ticker FCIT, has announced a four-for-one share split. This decision was approved by shareholders during the company's annual general meeting held on Tuesday. The split will take effect on May 11, 2026.
What Does a Share Split Mean?#
In a share split, existing shareholders receive additional shares, increasing the total number of shares they own while reducing the price per share. In this case, for every share a shareholder currently holds, they will receive four new ordinary shares. Importantly, these new shares will have the same rights and restrictions as the existing shares.
Key Dates to Remember#
The last day for trading existing shares will be May 8, 2026. Shareholders must hold their shares by this date to qualify for the split. The record date, which is when the company determines who is eligible for the new shares, is also set for May 8, 2026, at 6:00 p.m. Trading of the new shares is expected to begin on May 11, 2026, at 8:00 a.m., pending regulatory approval.
Additional Information for Shareholders#
Shareholders who hold their shares in certificated form can expect to receive new share certificates by May 22, 2026. Existing instructions for dividend payments and communication preferences will remain in effect unless changed by the shareholders. The share split is contingent on receiving regulatory approval for the new shares to be traded on the market, and applications for this approval have already been submitted.