Offer Document and GM Circular Posted

 

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RNS Number : 7297R 
Manchester & London Inv Tst PLC 
05 May 2009 
 

Manchester & London Investment Trust PLC 
 
 
Offer for 
 
 
Osprey Smaller Companies Income Fund Limited 
 
 
Posting of Offer Document, Prospectus Equivalent Document and Circular to 
Shareholders 
 
 
5 May 2009 
 
 
Earlier today the boards of Manchester & London Investment Trust PLC ("MLIT") 
and Osprey Smaller Companies Income Fund Limited ("Osprey") announced a proposal 
to merge MLIT and Osprey. The merger is to be effected by way of a recommended 
offer by MLIT (the "Offer") for the whole of the issued and to be issued share 
capital of Osprey. 
 
 
The Offer Document is being posted today to Osprey Shareholders together with a 
Prospectus Equivalent Document containing information about MLIT, Osprey and the 
enlarged group.Osprey Shareholders whose shares are held in certificated form 
have also been sent a Form of Acceptance. 
 
 
The first closing of the recommended Offer is at 1pm on 26 May 2009. 
 
 
The acquisition of Osprey by MLIT is conditional on the approval of MLIT 
shareholders in general meeting. A circular containing notice of the General 
Meeting to approve the Offer and acquisition, to authorise MLIT to purchase its 
own shares and other related matters, is being posted today to MLIT shareholders 
together with the Prospectus Equivalent Document. 
 
 
 
Forms of Proxy have been enclosed with the circular and should be completed and 
returned by MLIT shareholders so as to be received by Computershare Investor 
Services PLC by 9.30 am on 26 May 2009. The General Meeting will take place at 
The Midland Hotel, Peter Street, Manchester M60 2DS  at 9.30 am on 28 May 2009. 
 
 
If the Offer is unconditional as to acceptances on the first closing date, being 
26 May 2009 and the resolutions are passed at the MLIT General Meeting on 28 May 
2009, it is expected that the New MLIT shares will be admitted to Listing and 
the Offer will be unconditional in all respects on 29 May 2009. 
 
 
 
 
Copies of the Offer Document, Prospectus Equivalent Document and circular to 
MLIT shareholders are available at 
www.manchesterandlondon.co.uk/investorRelations.php. 
 
 
 
Enquiries: 
Manchester & London Investment Trust PLC Tel: [phone] 
Peter Stanley 
 
 
 
 
Osprey Smaller Companies Income Fund Limited Tel: [phone] 
Richard Prosser 
 
 
Midas Investment Management Limited (fund manager to MLIT and Osprey) 
Mark Sheppard Tel: [phone] 
 
 
Fairfax I.S. PLC (sponsor and adviser to MLIT) Tel: [phone] 
David Floyd, James King and Gillian McCarthy 
 
 
Mazars Corporate Finance Limited (adviser to Osprey) Tel: [phone] 
Robin Stevens, Graham Duncan and Stephen Bullock 
 
 
 
 
The MLIT Directors accept responsibility for the information contained in this 
Announcement. To the best of the knowledge and belief of the MLIT Directors (who 
have taken all reasonable care to ensure that such is the case), the information 
contained in this Announcement for which they accept responsibility is in 
accordance with the facts and does not omit anything likely to affect the import 
of such information. 
 
 
Fairfax I.S. PLC ("Fairfax"), which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for MLIT and 
no one else in connection with the Offer and will not be responsible to anyone 
other than MLIT for providing the protections afforded to customers of Fairfax 
or for providing advice in relation to the Offer or any other matter referred to 
herein. The principal place of business of Fairfax I.S. PLC is 46 Berkeley 
Square, London W1J 5AT. 
 
 
Mazars Corporate Finance Limited, which is authorised and regulated in the 
United Kingdom by the Financial Services Authority, is acting exclusively for 
Osprey and no one else in connection with the Offer and will not be responsible 
to anyone other than Osprey for providing the protections afforded to customers 
of Mazars Corporate Finance Limited or for providing advice in relation to the 
Offer or any other matter referred to herein. The principal place of business of 
Mazars Corporate Finance Limited is Tower Bridge House, St Katharine's Way, 
London E1W 1DD. 
 
 
This Announcement does not constitute, or form part of, an offer or an 
invitation to purchase or subscribe for any securities. 
 
 
Not for release, publication or distribution in whole or in part into ANY 
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF 
SUCH JURISDICTION 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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