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Chelverton Small Companies Dividend Trust Plc - Issue of Ordinary Shares and Total Voting Rights

By PR Newswire

PR Newswire

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 150,000 ordinary shares of 25 pence each (“Ordinary Shares”) (the “New Shares”) at a price of 260 pence per share (the “Issue Price”), conditional upon Admission. The closing mid-market price of the Ordinary Shares as at 27 September 2017 was 259 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 Tuesday, 3 October 2017.

Following Admission, the total number of Ordinary Shares in issue will be 17,500,000.

The additional funds raised will be invested in accordance with the Company’s investment policy.

The above figure of 17,500,000 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

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