Results of Placing

RNS Number : 9514D

Edinburgh Dragon Trust plc

05 February 2018

 

Edinburgh Dragon Trust plc (Legal Entity Identifier: 549300W4KB0D75D1N730)

3.5 per cent. Convertible Unsecured Loan Stock 2018

Results of placing

5 February 2018

Edinburgh Dragon Trust plc (the "Company") is pleased to announce the results of the sale of the fully paid ordinary shares of 20p 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 from CULS holders prior to the final conversion date.

Accordingly 302,170 Ordinary Shares were sold in the market at a price of 383 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 after 9 February 2018.

ENQUIRIES

Aberdeen Asset Management PLC
Secretaries
Tel. [phone]

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

Equiniti Limited - Registrar
Telephone helpline (UK): 0371 384 2260
Telephone helpline (outside UK): [phone]
(Lines open 8.30am to 5.30pm, Monday to Friday and excluding public holidays in England and Wales. Calls will be charged at the applicable rate and may be monitored or recorded).

 

END

 

 

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