Continuation Shares

RNS Number : 1086Q

Standard Life UK Small.Co's Tst PLC

03 April 2009

 



Standard Life UK Companies Smaller Companies Trust PLC (the 'Company')

RIS Announcement

3 April 2009

The Company announces that, in accordance with the prospectus and the circular published by the Company in December 2008, the Company will make its first conversion of Continuation Shares into new Ordinary Shares at 8.00 am on 14 April 2009.  For the purposes of the conversion, the record date and time will be 6.00 pm on 9 April 2009 and the new Ordinary Shares will be credited to the account and registered in the names of those Continuation Share shareholders on the register of members as at 6.00 pm on 9 April 2009.

No transfer of certificated Continuation Shares dated on or prior to 9 April 2009 will be registered after 6.00 pm on 9 April 2009. CREST transfers of Continuation Shares instructed prior to 6.00 pm on 9 April 2009 but settling after 9 April 2009 will be registered but the transferee will receive new Ordinary Shares and the balance of Continuation Shares (and in the event that a shareholder transfers only part of their holding of Continuation Shares through CREST, settling after 9 April 2009, the recipient will receive a pro rata number of new Ordinary Shares and Continuation Shares).  

To facilitate the conversion, the remaining Continuation Shares (i.e. those which are not converted on 14 April 2009) will be given, and traded under, a new ISIN number.

The conversion does not affect trading in, or transfers of, existing Ordinary Shares.  

An announcement will be made in the next few days of the conversion ratio, the percentage of Continuation Shares to convert on 14 April 2009 and the new ISIN number for the Continuation Shares.

All enquiries

Douglas Armstrong, Dickson Minto W.S.
Tel. [phone]

Gordon Humphries, Standard Life Investments
Tel. [phone]

 

END

 

 

CONEAFLDEEKNEFE