EGM statement and results of tender offer

 
TIDMEIN 
 
For immediate release on 11 March 2009 
 
            Eaglet Investment Trust plc ("Eaglet" or the "Company") 
 
                   EGM statement and results of tender offer 
 
On 18 February 2009, the Company announced that it had published a Circular to 
Shareholders in respect of the proposals comprising a change of investment 
policy, change of name, amendments to the Articles of Association, Tender Offer 
to purchase up to 58 per cent. of the Shares in issue, granting of Authority to 
make Market Purchases, New Investment Management Agreement and Investment 
Advisory Agreement, Management Warrants Deed, cancellation of the Company's 
share premium account and re-election of N Jeffrey as a Director (together the 
"Proposals"). 
 
Result of the EGM 
 
The Company announces that the results of the voting by way of a poll on each 
of the Resolutions proposed at today's EGM were as follows: 
 
Resolution   Votes in        %          Votes          %         Withheld 
             favour*                   against                   votes** 
 
         1  14,995,654      99.9        19,225        0.1          481 
 
         2  14,992,073      99.9        22,225        0.1         1,062 
 
         3  14,957,358      99.6        53,021        0.4         2,981 
 
         4  14,996,784      99.9        12,916        0.1         3,660 
 
         5  14,991,102      99.9        21,675        0.1         2,583 
 
         6  14,945,545      99.7        43,630        0.3         26,184 
 
         7  14,940,121      99.7        39,600        0.3         33,638 
 
         8  14,932,604      99.7        50,006        0.3         32,749 
 
         9  14,939,394      99.7        41,600        0.3         34,365 
 
        10  14,160,328      96.6       500,743        3.4        354,288 
 
* The "in favour" votes include those votes giving the Chairman discretion 
 
** The "withheld" votes are not counted towards the votes cast 
 
The Company is pleased to announce that all Resolutions proposed at the EGM 
were duly passed and therefore the Proposals set out in the Circular will be 
implemented accordingly. 
 
At the EGM, the Shareholders approved the change of name of the Company to The 
Directors' Dealing Investment Trust Plc and therefore it is expected that the 
Company's ticker will change from EIN.L to DDIT.L at 7 a.m. on Thursday 12 
March 2009. 
 
Result of the Tender Offer 
 
In connection with the Tender Offer, the Company confirms that valid Tender 
Forms have been received in respect of 18,113,742 Shares, representing 81.9 per 
cent. of the issued share capital. Subject to the terms and conditions of the 
Tender Offer, the total number of Shares to be bought back will be 12,831,877 
Shares. Such Shares will be cancelled by the Company. Shareholders shall have 
their Basic Entitlement satisfied in full and applications in excess of the 
Basic Entitlement will be satisfied as to approximately 24.9 per cent. 
Accordingly, a Shareholder who tendered all of their Shares will have 
approximately 68 per cent. of their Shares purchased at the Tender Price. 
 
It is expected that the Tender Price will be announced on 3 April 2009 
following cancellation of the Company's share premium account, with cheques 
despatched and CREST accounts credited in respect of the Tender Offer proceeds 
and unsold uncertificated Shares and balance share certificates despatched in 
respect of unsold certificated Shares as soon as reasonably practicable after 3 
April 2009. 
 
Enquiries: 
 
Steve Winrow                            01624 623994 
Knox D'Arcy Asset Management Ltd 
 
Alastair Moreton                        020 7012 2000 
Hannah Pearce 
Arbuthnot Securities Limited 
 
Capitalised terms used in this announcement will have the same meaning as in 
the circular dated 18 February 2009 unless the context requires otherwise. 
 
Arbuthnot Securities Limited, which is regulated by the Financial Services 
Authority, is acting for Eaglet Investment Trust plc and no-one else and will 
not be responsible to any person for providing the protections afforded to its 
customers nor for providing advice in relation to the Proposals nor any other 
matter referred to in this announcement. 
 
 
 
END