Chelverton Small
Companies ZDP Plc
Chelverton Small
Companies Dividend Trust PLC
SDV 2025 ZDP
PLC
LEIs: 213800OPDNDC5YERVG70 and
213800DAF47EJ2HT4P78 and
213800KMX33J3VAJUU95
Scheme effective
and cancellation of listing of Existing ZDP Shares
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 (“Existing ZDPCo”) into new 2025
ZDP Shares to be issued by 2025 ZDPCo (the “Scheme”).
On the same date, Existing ZDPCo published a circular to holders
of Existing ZDP Shares containing details of the Scheme and notices
of the general meetings convened to approve the Scheme and to put
Existing ZDPCo into members’ voluntary liquidation.
Resolutions Passed
Further to the announcement made on 19
December 2017 the board of the Company is pleased to
announce that at the second general meeting of Existing ZDPCo held
today Special Resolution 1 was passed and accordingly the Scheme
has become effective and Existing ZDPCo is now in liquidation.
Following the general meeting of Existing ZDPCo, 2025 ZDPCo entered
into the Transfer Agreement with the liquidator of Existing ZDPCo
(in his personal capacity and on behalf of Existing ZDPCo),
pursuant to which the undertaking and assets of Existing ZDPCo
which form the Rollover Fund will be transferred to 2025 ZDPCo in
consideration for the issue of ordinary shares to the Company and
ZDP Shares to holders of Existing ZDP Shares in accordance with the
provisions of the Scheme.
Cancellation of Listing of Existing
ZDP Shares
Following the Scheme becoming effective Existing ZDPCo has
applied to the United Kingdom Listing Authority ("UKLA") to cancel
the standard listing of the Existing ZDP Shares from the Official
List of the UKLA and the cancellation of trading in the Existing
ZDP Shares on the Main Market of the London Stock Exchange.
Cancellation is expected to become effective at 8.00am on 8 January
2018.
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