Odyssean Investment Trust plc (OIT) Ord 1p

What is happening?

Odyssean Investment Trust (OIT) have announced their intention to raise capital via a Placing (for Institutional Investors) and a Retail Offer (for Individual Investors).

Odyssean Investment Trust (OIT) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

• Applications are due to close at 1pm on Wednesday 17 July. Due to the nature of the fundraising, applications can close at any time and without prior warning.

• Shares are being offered at a price equal to a 1.0% premium to the last published cum-income Net Asset Value (NAV) per Share prior to the closure of the fundraising. The Issue Price is expected to be announced on 17 July 2024.

• The minimum application for the Retail Offer is £100.

• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.

• Hargreaves Lansdown will not receive a commission from the Issuer as part of the Offer.

What are my options?

Option 1 – Do Nothing. If you do not return an election by the deadline of 1pm Wednesday 17 July, the Offer will lapse.

Option 2 – You can choose to buy new Shares at a 1.0% premium to the last published cum-income Net Asset Value (NAV) per Share prior to the closure of the fundraising. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

When do I have to decide by?

Any instruction to participate in the Retail Offer must be received by 1pm on Wednesday 17 July. If no instruction is received the Offer will lapse.

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account. By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 2pm on Wednesday 17 July. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Thursday 18 July.

You can view your application in the Pending Orders tab of your online account from 12pm Thursday 18 July.

Your new shares will be credited shortly before 8am on Monday 22 July. This may be delayed in the event the company does not deliver your shares to us by this time.

To assist the Company during the allocation process, we may be required to disclose the number of Odyssean Investment Trust (OIT) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Thursday 11 July.

It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Odyssean Investment Trust (OIT) announcement.

If you require any assistance, please contact our Helpdesk on 0117 900 9000.