Chelverton Growth Trust PLC Result of Tender Offer (3931R)

TIDMCGW

RNS Number : 3931R

Chelverton Growth Trust PLC

21 September 2017

CHELVERTON GROWTH TRUST PLC

(the "Company")

Result of the Tender Offer

This announcement is made further to the circular to shareholders issued by the Company on 4 September 2017 concerning the tender offer by WH Ireland Limited ("WH Ireland") to purchase up to 15 per cent. of the issued ordinary shares in the Company and the subsequent buy back offer (the "Tender Offer"), which was approved by shareholders at the annual general meeting held on 15 December 2016.

The tender price (which is calculated as being equal to 92.5 per cent. of the net asset value per share on 18 September 2017; 82.95 pence per ordinary share) is 76.73 pence per ordinary share.

Valid applications were received from eligible shareholders, being shareholders on the register at close of business on 18 September 2017, by the closing date in respect of a total of 749,765 ordinary shares (representing approximately 11.76 per cent of the Company's issued ordinary share capital at the record date). In accordance with the terms and conditions of the Tender Offer, the Company has accepted in full all applications made by shareholders up to their 15 per cent basic entitlement and all tenders were satisfied in full. Pursuant to the Tender Offer and the buy back offer, 749,765 ordinary shares will be repurchased for cancelation with settlement on 6 October 2017.

As a result of the above, there will be 5,627,323 ordinary shares of 1p each in issue. The above figure may be used from 6 October 2017, 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 and Transparency Rules.

Enquires:

William van Heesewijk

Chelverton Asset Management Limited

Tel: [phone]

James Bavister

WH Ireland Limited

Manager, Corporate Finance

 
Tel:    [phone] 
 

21 September 2017

This information is provided by RNS

The company news service from the London Stock Exchange

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September 21, 2017 02:00 ET (06:00 GMT)