Chelverton Small Div Circ re Financing Structure of the Group
January 13 2017 - 11:00AM
UK Regulatory
TIDMSDV
Chelverton Small Companies Dividend Trust plc (the "Company")
Financing structure of the Group
The Directors of Chelverton Small Companies Dividend Trust PLC and Chelverton
Small Companies ZDP PLC (together the "Group") have been considering the
options for a refinancing of the Zero Dividend Preference shares, which are due
for repayment on 8 January 2018. The Board believes that given the current
economic environment a ZDP refinancing could be achieved at an attractive
interest rate which would enable the Company to continue to provide Ordinary
shareholders with an attractive level of income, supported by the Company's
material revenue reserve, as well as the opportunity for further capital growth
driven principally by the well-established and diversified mid - small
companies portfolio. Subject to stock market conditions, the Company will also
be considering the potential to issue further Ordinary shares at the time of
the issuance of any new Zero Dividend Preference Shares.
Enquiries:
George Bayer, Maitland Administration Services Ltd, Corporate Secretary - 01245
398984
END
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