Portfolio Update
November 26 2010 - 11:00AM
UK Regulatory
TIDMEST TIDMESTS
The Eastern European Trust PLC
26 November 2010
Reminder of your right to subscribe for Ordinary Shares at 299p per share
This announcment is issued by way of reminder only and is not to be read as a
recommendation to Subscription Shareholders to exercise their Subscription
Share Rights or otherwise. You will still have furtheropportunitiesto subscribe
for all or any of the Ordinary Shares to which your Subscription Shares relate
on 31 March 2011 and 30 June 2011 at 299p per share if you choose not to do so
on this occasion.
Exercise of Subscription Share Rights held in Certificated form
Shareholders wishing to exercise their Subscription Share Rights, who hold
their shares in Certificated form, should refer to the instructions on the
reverse of their Subscription Share Certificate(s). Shareholders must lodge the
relevant Subscription Share certificate(s) at the office of Computershare
Priority Applications, Corporate Actions, Bristol BS99 6AJ during the period of
28 days ending at 5.00 pm on the relevant Subscription Date (31 December 2010),
having completed the notice of exercise of Subscription Share Rights, and a
remittance for the aggregate Subscription Price for the Ordinary Shares in
respect of which the Subscription Share Rights are being exercised. Shares will
be allotted within ten business days of the relevant Subscription Date (by 17
January 2011).
Exercise of Subscription Share Rights held through CREST
Shareholders wishing to exercise their Subscription Share Rights, who hold
their Shares through CREST, should send a USE (Unmatched Stock Event)
instruction as set out below together with a remittance for the aggregate
Subscription Price in respect of which the Subscription Share Rights are being
exercised. When sending a USE instruction Shareholders should use the following
participation and member account IDs when processing their applications:
CREST Participant ID = 0RA27
CREST Member Account ID = EASTERN
The USE (instruction should be inputted to settle by 2.00 p.m. on the relevant
Subscription Date (31 December 2010). Shares will be allotted within ten
business days of the relevant Subscription Date (by 17 January 2011).
All times referred to relate to the normal CREST daily timetable. It is a
Subscription Shareholder's responsibility to monitor that timetable for changes
until 2.00 p.m. on 31 December 2010 and to take appropriate action if any of
the events are brought forward.
Exercise of Subscription Share Rights held through the BlackRock Stocks &
Shares ISA or Share Plan
Savings Scheme Participants wishing to exercise their Subscription Share Rights
should download the Savings Plan Notice of Exercise of Subscription Share
Rights Form or the Stocks & Shares ISA Notice of Exercise of Subscription Share
Rights Form which will shortly be available from www.blackrock.co.uk/its,
complete and return it to the address given at the top of the form. Forms must
be received at least seven business days before the relevant Subscription Date
on which the exercise of Subscription Share Rights are applicable and therefore
should be received by 17 December 2010. Shares arising from the exercise of
Subscription Share Rights will be issued within ten business days of the
relevant Subscription Date (by 17 January 2011).
Net asset value and share price information
* The net asset value per Ordinary Share (fully diluted) and the closing
prices for the Company's Ordinary Shares and Subscription Shares, taken
from the Daily Official List of the London Stock Exchange on the ?rst
dealing day in each of the six months prior to the date of this
announcement and on the latest practicable date prior to the date of this
announcement, were as follows:
Ordinary Share Ordinary Share Subscription Share
2010 Net asset value Price(pence) Price(pence)
(pence)
1 June 287.66 261.50 -*
1 July 269.05 246.00 -*
2 August 302.99 274.50 14.00
1 September 298.37 265.50 11.25
1 October 312.76 287.25 13.50
1 November 325.84 304.00 19.00
25 November 325.95 297.50 20.25
* No price was available as the Subscription Shares were issued on 13 July 2010
Taxation
On exercise of the right to convert any Subscription Shares into Ordinary
Shares, the Ordinary Shares issued pursuant to the Subscription Share Rights
will be treated as the same asset in respect of which the Subscription Share
Rights are exercised. The base cost of each such Ordinary Share will be the
deemed base cost of the Subscription Share that it replaces, plus the
subscription price. Further information relating to taxation can be found at
Part V of the prospectus dated 1 June 2010.
Capitalised terms have the meanings given to them in the prospectus dated 1
June 2010.
If you have any enquiries regarding the procedures described above, these
should be referred, in the case of CREST sponsored members, to their CREST
sponsor and, in the case of other members including CREST sponsors, to the
Receiving Agent, at Computershare Investor Services PLC, PO Box 859, The
Pavilions, Bridgwater Road, Bristol BS99 1XZ, telephone 0870 7036379.
Mrs A B Powley
BlackRock Investment Management (UK) Limited
Secretary
The latest practicable date prior to this letter being posted
END
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