Chelverton Small Companies Dividend Trust Plc - Issue of Equity

Chelverton Small Companies Dividend Trust PLC

Issue of Ordinary Shares and Total Voting Rights

The Directors of Chelverton Small Companies Dividend Trust PLC are pleased to announce the issue of 100,000 ordinary shares of 25 pence each (“Ordinary Shares”) (the “New Shares”) at a price of 263.50 pence per share (the “Issue Price”), conditional upon Admission. The closing mid-market price of the Ordinary Shares as at 9 October 2017 was 263.75 pence and it was noted that the Issue Price was not dilutive to net asset value.

The New Shares will rank pari passu in all respects with the Company’s existing Ordinary Shares.

Application has been made for the New Shares and to be admitted to the premium listing segment of the Official List and to trading on the Main Market of the London Stock Exchange (“Admission”). Admission is expected to commence at 8.00am on Monday, 16 October 2017.

Following Admission, the total number of Ordinary Shares in issue will be 17,775,000.

The additional funds raised will be invested in accordance with the Company’s investment policy.

The above figure of 17,775,000 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information contact:

Chelverton Small Companies Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management Investment Limited
Tel:  [phone]

Stockdale Securities Limited
Robert Finlay / Owen Matthews
Tel: [phone]

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