Result of Periodic Tender Off

RNS Number : 3527Z

Standard Life UK Small.Co's Tst PLC

12 January 2011

 



RIS Announcement

Standard Life UK Smaller Companies Trust plc (the "Company")

Result of Periodic Tender Offer and potential capital raise

12 January 2011

The Board announces that the Tender Price for the Company's periodic tender offer held on 31 December 2010 will be 193.38p per ordinary 25p share (the "Shares"). 512,076 Shares (representing approximately 0.8 per cent. of the Company's issued share capital) were tendered.

Following the implementation of the Periodic Tender Offer, the Company will have 63,210,480 Shares in issue with a total number of voting rights of 63,210,480.

It is expected that cheques will be despatched and CREST payments made on 21 January 2011.

The Company and its advisers are currently exploring the possibility of an issue of convertible unsecured loan stock to replace the Company's existing gearing facilities and potentially to extend the core capital of the Company.  A further announcement in relation to this matter will be published by the Company in due course.

Enquiries

Gordon Humphries, Standard Life Investments Limited	Tel. [phone]
James Moseley Winterflood Securities	Tel. [phone]
Robin Archibald Winterflood Securities	Tel. [phone]

 

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