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 100,000 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 Monday, 16 October
2017.
Following Admission, the total number of Ordinary Shares in
issue will be 17,775,000.
The additional funds raised will be invested in accordance with
the Company’s investment policy.
The above figure of 17,775,000 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