Lindsell Train Investment Trust (LTI) has announced plans for a 100-for-1 share split, subject to shareholder approval at its upcoming AGM on 11 September 2025. The move is aimed at improving share liquidity and making the trust more accessible to monthly savers, dividend reinvestors, and those investing smaller amounts.

To give this context, LTI’s closing share price last night was £850 per share. The equivalent share price post the split would be £8.50 per share, a level that is much better suited to smaller investors making regular investments.

Assuming shareholder backing and regulatory approvals, the last day of dealings in the current shares will be 23 September 2025, with the share split becoming effective at market open on 24 September. The new shares will trade under the same ticker (LTI) but will carry a new ISIN (GB00BNKDVV71) and SEDOL (BNKDVV7).

The trust’s board believes the split may enhance liquidity and broaden the shareholder base. Shareholders holding stock in certificated form can expect to receive new share certificates by 8 October 2025.

[QD comment MR: This proposed 100-for-1 share split by Lindsell Train Investment Trust feels like a sensible move. With the trust’s share price having traded at a consistently high nominal level, breaking it down should make the shares more accessible to a broader pool of investors – particularly those making regular contributions or reinvesting dividends. While this won’t change the underlying value of anyone’s holding, improved liquidity could help narrow spreads and make the shares more tradeable. It’s also encouraging to see the board thinking practically about retail participation, especially in a trust that has long attracted strong investor loyalty.]