Tender Offer
August 06 2010 - 8:40AM
UK Regulatory
TIDMFIT
6 August 2010
Framlington Innovative Growth Trust PLC (the `Company')
Publication of Circular
The Company has today published a circular (the "Circular") to Shareholders
setting out details of a proposed Tender Offer for up to 50 per cent. of the
Company's issued Shares at a discount of 5 per cent. to realisation value and
default scheme for the reconstruction and winding-up of the Company if the
Tender Offer is oversubscribed.
The Tender Offer is available to Shareholders (other than certain Overseas
Shareholders) on the Register as at the close of business on 25 January 2010.
The Circular also contains details of the proposed introduction of a simple
continuation vote, adoption of a higher income and more flexible investment
policy and new performance fee arrangements.
Expected Timetable
Record Date for participation in the Tender Offer Close of business on
25 January 2010
Latest time and date for receipt of Forms of Proxy in 11 a.m. on 27 August
respect of the First General Meeting 2010
Latest time and date for receipt of Tender Forms and 1 p.m. on 27 August
Scheme Forms of Election 2010
Announcement of take up level under the Tender Offer 31 August 2010
First General Meeting 11 a.m. on 1
September 2010
Tender Offer Calculation Date close of business on
1 September 2010
Results of the First General Meeting announced 1 September 2010
Latest time and date for receipt of Forms of Proxy in 9.30 a.m. on 3
respect of the Second General Meeting September 2010
Second General Meeting 9.30 a.m. on 7
September 2010
Balancing and new Share certificates despatched and CREST expected to be by 14
accounts credited in respect of Tender Offer September 2010
Tender Price announced, distribution under Tender Offer of expected to be by 30
assets in Tender Pool announced, cheques despatched and November 2010
payments through CREST made
Terms used and not defined in this announcement bear the meaning given to them
in the Circular dated 6 August 2010.
A copy of the Circular has been submitted to the UK Listing Authority and will
shortly be available for inspection at the UK Listing Authority's Document
Viewing Facility, which is situated at:
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Enquiries:
George Luckraft 020 7374 4100
AXA Framlington
Jane Lewis 020 3100 0295
Winterflood Investment Trusts
END
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