Dunedin Enterprise Inv Trust PLC Statement re Return of Capital (3300C)

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

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