PEZ Pewt Secs 2020

 
TIDMPEZ 
 
1 November 2017 
 
                      Premier Energy and Water Trust PLC 
 
                                      and 
 
                           PEWT Securities 2020 PLC 
 
The Board of Premier Energy and Water Trust PLC (the "Company") is pleased to 
announce that the name of the Company has changed to Premier Global 
Infrastructure Trust PLC in order to reflect a change of investment emphasis 
within the Company's portfolio. The name change has been registered at 
Companies House today and is effective immediately. The change will be 
reflected on the London Stock Exchange and trading in the Company's ordinary 
shares of 1 pence each will commence under the new trading instrument display 
mnemonic, "PGIT", from 8.00 a.m. on 2 November 2017. 
 
Simultaneously the name of the Company's subsidiary, PEWT Securities 2020 PLC, 
has been changed to PGIT Securities 2020 PLC and trading in its zero dividend 
preference shares of 1 pence each will commence under the new trading 
instrument display mnemonic, "PGIZ", from 8.00 a.m. on 2 November 2017. 
 
The Company's investment objectives, which remain unchanged, are to achieve a 
high income from and to realise long term growth in the capital value of its 
portfolio through investing principally in equity and equity related securities 
of companies operating primarily in the energy and water sectors as well as 
other infrastructure investments. 
 
The Company's energy and water investments represent a key infrastructure 
segment. The change of emphasis will involve an increase in exposure to 
non-utility infrastructure such as ports, toll roads and telecoms 
infrastructures.  Furthermore the UK content of the portfolio has over the last 
three years fallen from over 15% to under 10% and is expected to remain a 
relatively small part of the portfolio. The Board therefore consider the change 
of name to Premier Global Infrastructure Trust PLC will better reflect the 
positioning of the portfolio within its broader investment mandate which 
remains unchanged. The Directors are satisfied that the intended portfolio 
changes will not diminish the Company's ability to maintain and grow the 
dividend over the longer term. 
 
No new share certificates are being issued in respect of existing ordinary 
shares of the Company or zero dividend preference shares of PEWT Securities 
2020 plc held in certificated form. Shareholders should retain their existing 
share certificates which will continue to be valid. 
 
Enquiries: 
 
Premier Fund Managers Limited          + 44 (0) 1483 30 60 90 
 
 
Nigel Sidebottom 
James Smith 
Claire Long 
 
N+1 Singer                             +44 (0) 20 7496 3000 
 
James Maxwell 
Liz Yong 
 
 
 
END 
 

(END) Dow Jones Newswires

November 01, 2017 11:04 ET (15:04 GMT)

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