Chelverton Small Companies Dividend
Trust PLC (the “Company") and Chelverton Small Companies ZDP PLC
(“Existing ZDPCo”)
LEIs: 213800DAF47EJ2HT4P78 and 213800OPDNDC5YERVG70
Results of General Meetings
Pursuant to the announcement on 27
November 2017 and following General Meetings of the Company
and Existing ZDPCo which were held today, the Company and Existing
ZDPCo are pleased to announce all resolutions were passed on a show
of hands.
The Company
Resolution 1: to allot C Shares in the capital of the Company up
to an aggregate nominal amount of £75 million.
Resolution 2: to allot C Shares for cash pursuant to the
authority referred to in resolution 1 above as if section 561 of
the Companies Act 2006 (the “Act”) did not apply to any such
allotment.
Resolution 3: to allot Ordinary Shares up to an aggregate
nominal amount of:
a) £7.5 million pursuant to the Placing Programme (as defined in
the Prospectus); and
b) 20 per cent. of the aggregate nominal amount of the issued
ordinary share capital of the Company immediately following
completion of the Issue.
Resolution 4: to allot ordinary shares and to sell ordinary
shares from treasury for cash pursuant to the authority referred to
in resolution 3 as if section 561 of the Act did not apply to any
such allotment or sale.
Resolution 5: to make market purchases of C Shares, provided
that the maximum number of C Shares authorised to be purchased is
14.99 per cent. of the issued C Shares following completion of the
Issue.
Resolution 6: to adopt new articles of association of the
Company.
Resolution 7: to allot ordinary shares and to sell ordinary
shares from treasury for cash pursuant to the authority conferred
by resolution 9 passed at the Company’s AGM held on 7 September 2017 as if section 561 of the Act did
not apply to any such allotment or sale, subject to, amongst other
things, a limit of 10% of the issued ordinary share capital.
Existing ZDPCo
Additionally, at the First General Meeting of Existing ZDPCo the
special resolution was duly passed and accordingly the Scheme for
the reconstruction and voluntary winding up of the Company was
approved and its implementation by the Liquidator was
authorised.
A copy of the resolutions of the Company and Existing ZDPCo has
been submitted to the National Storage Mechanism, and will shortly
be made available for inspection at:
www.morningstar.co.uk/uk/nsm. Details of the proxy votes received
can be found the Company’s website
www.chelvertonam.com/fund/small-companies-dividend-trust-plc/.
Save for expressions defined in this announcement, words and
expressions defined in the Prospectus and Circulars shall have the
same meaning in this announcement.
For further information contact
Chelverton Small Companies Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management
+44 20 7222 8989
Stockdale Securities Limited
Robert Finlay / Owen Matthews
+44 20 7601 6115