Chelverton Small Cos Div Trust PLC Result of ZDP Placing (0352B)
January 05 2018 - 3:00AM
UK Regulatory
TIDMSDV
RNS Number : 0352B
Chelverton Small Cos Div Trust PLC
05 January 2018
Chelverton Small Companies Dividend Trust PLC
SDV 2025 ZDP Plc
LEIs 213800DAF47EJ2HT4P78 and 213800KMX33J3VAJUU95
Result of ZDP Placing
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 allow investors to take part
in a ZDP Placing.
ZDP Placing
Following the announcement of the result of Placing,
Intermediaries Offer and Offer for Subscription of C Shares on 22
December 2017 the Board of 2025 ZDPCo is pleased to announce it has
placed 1,802,336 ZDP Shares at 100 pence per share with certain
institutional and other investors raising gross proceeds of
approximately GBP1.8 million.
Admission and dealings
Taking into account the ZDP Shares to be issued pursuant to the
Scheme (as detailed in the announcement of the results of elections
under the Scheme on 19 December 2017), application will be made for
12,780,083 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
Henry Willcocks / Fiona Conroy
+44 20 7601 6141
This information is provided by RNS
The company news service from the London Stock Exchange
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