DNE Dunedin Enterprise Investment Trust Plc

TIDMDNE

RNS Number : 3300C

Dunedin Enterprise Inv Trust PLC

19 January 2018

Dunedin Enterprise Investment Trust PLC (Company No SC52844)

Second Return of Capital via the issue of B Shares

Following the realisation of Innova/5 LP announced on 22 December 2017 the Board has decided to return GBP10.3m to shareholders via an issue of B Shares as set out in the Circular sent to shareholders on 3 April 2017 and as approved by shareholders on 11 May 2017. This follows the first issue of B Shares in December 2017 which returned GBP20.6m of capital to shareholders.

B Shares of 50p each will be paid up from capital and issued to all shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for every one Ordinary Share held at the record date of 6.00pm on 2 February 2018. The B Shares will be issued on 5 February 2018 and immediately redeemed at 50p per B Share. The Ordinary Shares will trade ex-B Share entitlement with effect from 1 February 2018.

The proceeds from the redemption of the B Shares will be sent to shareholders on 16 February 2018, either through CREST to uncertificated shareholders or via cheque to certificated shareholders.

A copy of the Circular sent to Shareholders is available on the Company's website (www.dunedinenterprise.com). Also available on the website is a Guide to the B Share Scheme which includes an illustration for the computation of the chargeable gain on the B Shares for tax purposes.

For further information on Dunedin Enterprise please go to www.dunedinenterprise.com

END

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRGGUUPGUPRPPR

(END) Dow Jones Newswires

January 19, 2018 02:00 ET (07:00 GMT)

Dunedin Enterprise Inves... (LSE:DNE)
Historical Stock Chart
From Mar 2024 to Apr 2024

Dunedin Enterprise Inves... (LSE:DNE)
Historical Stock Chart
From Apr 2023 to Apr 2024