Results of Placing

RNS Number : 8611J

Standard Life UK Small.Co's Tst PLC

04 April 2018

 

Standard Life UK Smaller Companies Trust plc (Legal Entity Identifier: 213800UUKA68SHSJBE37)

3.5 per cent. Convertible Unsecured Loan Stock 2018

Results of Placing 

4 April 2018 

Standard Life UK Smaller Companies Trust plc (the "Company") is pleased to announce the results of the sale of the fully paid ordinary shares of 25p each in the capital of the Company ("Ordinary Shares") arising from the conversion by the Trustee of those conversion rights (the "Conversion Rights") in respect of the 3.5 per cent. convertible unsecured loan stock 2018 of the Company ("CULS") for which no conversion requests were received prior to the final conversion date.

84,524 Ordinary Shares were sold in the market at a price of 476 pence per Ordinary Share.  The proceeds of the sale shall be distributed to those CULS holders who made no conversion election pro rata to their holding of unconverted CULS and such payment is expected to be made as soon as practicable on or after 11 April 2018. 

ENQUIRIES

Evan Bruce-Gardyne, Aberdeen Standard Investments
Tel. [phone]

Winterflood Securities Limited - Corporate Broker
Neil Morgan
Tel. [phone]

Computershare Investor Services PLC - Registrar
Telephone helpline (UK): 0370 889 4076
Telephone helpline (outside UK): [phone]
(Lines open 8.30am to 5.30pm, Monday to Friday and excluding UK public holidays. Calls will be charged at the applicable rate and may be monitored or recorded).

 

END

 

 

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