Odyssean Investment Trust PLC (OIT) has applied to the London Stock Exchange for a block listing of 5,000,000 new ordinary shares of 1 pence each, with admission expected to become effective at 8:00 a.m. on Thursday, 5 November 2026. The new block listing supplements an existing arrangement that currently has 2,025,921 shares remaining. The move is designed to satisfy market demand and manage any premium to net asset value at which the shares may trade, in line with the company's stated premium management policy.

Key Points

  • Odyssean Investment Trust PLC (OIT) — LEI: 213800RWVAQJKXYHSZ74
  • The company has applied to the LSE for a block listing of 5,000,000 ordinary shares of 1 pence each
  • Admission is expected to become effective at 8:00 a.m. on Thursday, 5 November 2026; 2,025,921 shares remain under the current block listing
  • Investors should watch for RIS announcements confirming any actual issuance of new shares from this block listing

OIT Seeks 5,000,000-Share Block Listing Admission on LSE Main Market

The board of Odyssean Investment Trust PLC has announced an application to the London Stock Exchange for admission of 5,000,000 ordinary shares of 1 pence each to trading on the LSE's main market. The announcement states that admission is expected to take effect at 8:00 a.m. on 5 November 2026. This new block listing is in addition to, not a replacement of, the company's existing block listing arrangement, under which 2,025,921 shares remain available. The company secretary to OIT is NSM Funds (UK) Limited, with Toby Nash and Shilla Pindoria named as contacts.

Premium Management Policy Drives OIT's Decision to Reserve Additional Shares

The announcement states explicitly that the newly reserved shares will be issued to satisfy market demand and to manage any premium to net asset value at which OIT shares may trade. This approach is consistent with the company's premium management policy, a mechanism commonly employed by investment trusts to prevent shares from trading materially above the value of their underlying assets for a sustained period. The block listing itself does not constitute an immediate issuance of shares; actual share issues will only occur as and when market conditions warrant, with each issuance to be separately notified via a Regulatory Information Service announcement and the company's website.

How OIT Will Notify Investors of Any New Share Issuances Under the Block Listing

Odyssean Investment Trust has confirmed that any issue of new shares from the block listing will be communicated to investors through a RIS announcement and via the company's own website. This ensures ongoing transparency regarding the precise number of shares actually issued and the timing of such issuances. Investors monitoring OIT's share count or the potential dilutive effect of new issuances should therefore watch for separate RIS disclosures that will follow any exercise of this block listing facility, rather than treating the current application as confirmation that all 5,000,000 shares will be issued immediately.