Dunedin Smaller Cos Inv Tst PLC Result of Meeting (3277D)
October 08 2018 - 9:20AM
UK Regulatory
TIDMDNDL
RNS Number : 3277D
Dunedin Smaller Cos Inv Tst PLC
08 October 2018
8 October 2018
DUNEDIN SMALLER COMPANIES INVESTMENT TRUST PLC
(in members' voluntary liquidation)
Result of Second General Meeting
The Board is pleased to announce that the special resolution to
place the Company into members' voluntary liquidation was voted on
and approved by the Company's shareholders at the Second General
Meeting held earlier today and James Eldridge and Jeremy Willmont,
both of Moore Stephens LLP, 150 Aldersgate Street, London EC1A 4AB
have been appointed as joint liquidators.
A copy of the resolution will be submitted to the National
Storage Mechanism and will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM. A copy of the Company's
circular dated 4 September 2018 (the "Circular"), which contains
the full text of the resolution, is available on the Company's
website at www.dunedinsmaller.co.uk.
Scheme entitlements
The Company is also pleased to announce, as at the Calculation
Date and calculated in accordance with the terms of the Scheme, the
FAV per Dunedin Share was 308.02 pence and FAV per SLS Share was
528.74 pence, producing a conversion ratio of approximately
0.582547. On this basis each Shareholder will receive approximately
0.582547 New Shares in respect of each Ordinary Share held.
Fractional entitlements to New Shares under the Scheme will not be
issued and entitlements will be rounded down to the nearest whole
number. Assets representing fractional entitlements will be
retained for the benefit of Standard Life Smaller.
Application has been made by Standard Life Smaller to the UK
Listing Authority and the London Stock Exchange for the listings
and admissions to trading of the New Shares in Standard Life
Smaller to be effective on at 8.00 a.m. on 10 October 2018.
Suspension and cancellation of Ordinary Shares.
As set out in the Circular the Ordinary Shares were suspended
from listing on the Official List of the UK Listing Authority and
from trading on the London Stock Exchange at 7.30 a.m. this
morning, 8 October 2018, in anticipation of the Second General
Meeting. Following the passing of the resolution, the joint
liquidators have been authorised to apply to the UK Listing
Authority for the cancellation of the listing of the Ordinary
Shares on the premium segment of the Official List and trading on
the Main Market. It is expected such cancellation will take effect
during the week commencing 15 October 2018.
Proxy votes
For information, the proxy votes cast in respect of the Second
General Meeting were as follows:
Votes
Resolution Votes For* % Votes Against % Votes Total Withheld
Authorise the Company
being placed into
members' voluntary
liquidation 24,251,021 99.03 238,598 0.77 24,489,619 125,170
----------- ------ -------------- ----- ------------ ----------
* The votes "For" include those votes giving the Chairman discretion.
Definitions
Defined terms used in this announcement have the meanings given
in the Circular unless the context otherwise requires.
Enquiries:
Liquidators
James Eldridge
Jeremy Willmont +44 (0)207 334 9191
Aberdeen Standard Investments
Maria Allen +44 (0)20 7463 6000
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contact rns@lseg.com or visit www.rns.com.
END
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