Chelverton Small Companies Dividend
Trust PLC
SDV 2025 ZDP Plc
Chelverton Small Companies ZDP Plc
LEIs: 213800DAF47EJ2HT4P78 and 213800KMX33J3VAJUU95
and 213800OPDNDC5YERVG70
Result of elections under the
Scheme
On 24 November 2017, Chelverton
Small Companies Dividend Trust PLC (“SDV” or the “Company”) and SDV
2025 ZDP PLC (“2025 ZDPCo”), a wholly-owned subsidiary of SDV,
published a prospectus containing details of proposals, inter
alia, to offer the holders of Existing ZDP Shares the
opportunity to elect to roll all or part of their investment in
Chelverton Small Companies ZDP PLC into new 2025 ZDP Shares to be
issued by 2025 ZDPCo (the “Scheme”).
The Board of 2025 ZDPCo is pleased to announce that a total of
10,977,747 ZDP Shares will be issued pursuant to the Scheme as
follows:
Further to the Scheme, valid elections were received from
eligible holders of Existing ZDP Shares by the closing date in
respect of a total of 8,030,547 Existing ZDP Shares. In
accordance with the terms and conditions of the Scheme, all
applications made by eligible holders of Existing ZDP Shares have
been accepted in full and 10,977,747 new ZDP Shares will be issued
on the basis of a final capital entitlement of 136.70p per Existing
ZDP Share.
ZDP Placing
The exact number of ZDP Shares to be issued by 2025 ZDPCo
pursuant to the ZDP Placing is dependent on the result of the
Placing, Intermediaries Offer and Offer for Subscription of C
Shares which will be announced on or around 22 December 2017.
Stockdale Securities has agreed under the Placing Agreement to use
its reasonable endeavours to procure placees for the ZDP Shares at
the ZDP Issue Price.
Orders under the ZDP Placing must be received by Stockdale by
12.00 pm on 4
January 2018.
It is expected that the results of the ZDP Placing will be
announced on or around 5 January
2018.
Admission and dealings
Following announcement of the results of the ZDP Placing,
application will be made for the ZDP Shares to be admitted to
listing on the standard segment of the Official List and to trading
on the London Stock Exchange’s main market for listed securities.
Dealings are expected to commence at 8.00
a.m. on 8 January 2018. It is
anticipated that CREST accounts will be credited (where applicable)
on the same day and the ZDP Shares will trade using the ticker SDVP
and under ISIN GB00BZ7MQD81. New share certificates in respect of
the ZDP Shares will be issued as soon as practicable following
admission.
Terms used and not defined in this announcement bear the meaning
given to them in the Prospectus dated 24
November 2017.
For further information please 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