Chelverton Small Div Issue of Equity
October 10 2017 - 7:25AM
UK Regulatory
TIDMSDV
Chelverton Small Companies Dividend Trust PLC
Issue of Ordinary Shares and Total Voting Rights
The Directors of Chelverton Small Companies Dividend Trust PLC are pleased to
announce the issue of 175,000 ordinary shares of 25 pence each ("Ordinary
Shares") (the "New Shares") at a price of 263.50 pence per share (the "Issue
Price"), conditional upon Admission. The closing mid-market price of the
Ordinary Shares as at 9 October 2017 was 263.75 pence and it was noted that the
Issue Price was not dilutive to net asset value.
The New Shares will rank pari passu in all respects with the Company's existing
Ordinary Shares.
Application has been made for the New Shares and to be admitted to the premium
listing segment of the Official List and to trading on the Main Market of the
London Stock Exchange ("Admission"). Admission is expected to commence at
8.00am on Friday, 13 October 2017.
Following Admission, the total number of Ordinary Shares in issue will be
17,675,000.
The additional funds raised will be invested in accordance with the Company's
investment policy.
The above figure of 17,675,000 Ordinary Shares may be used by shareholders as
the denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information contact:
Chelverton Small Companies Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management Investment Limited
Tel: 020 7222 8989
Stockdale Securities Limited
Robert Finlay / Owen Matthews
Tel: 0207 601 6100
END
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