Tender Offer Repurchase Price

RNS Number : 9470F

Edinburgh Dragon Trust plc

22 January 2010

 



EDINBURGH DRAGON TRUST PLC

22 January 2010

Tender Offer Repurchase Price

Further to the announcement made by Edinburgh Dragon Trust plc (the "Company") on 15 January 2010 concerning the passing of the special resolution at the General Meeting to give effect to the Tender Offer for Shares in the Company and the result of the Tender Offer, the Board today announces that the Net Asset Value as at the Calculation Date was 206.14 pence per Share. Accordingly, the Repurchase Price, which has been calculated in accordance with paragraph 3 of Part IV of the circular to Shareholders dated 16 December 2009 (the "Circular"), is 197.2794 pence per Share.

34,643,156 Shares will be repurchased by the Company at the Repurchase Price and cancelled; this equates to 15 per cent. of the Company's shares in issue at 10 November 2009.  It is expected that cheques will be dispatched and CREST payments made by 27 January 2010.  It is expected that CREST accounts will be credited with unsold uncertificated Shares and balancing certificates in respect of unsold certificated Shares will be dispatched during the week commencing 25 January 2010

Following the implementation of the Tender Offer, the Company will have 196,311,219 Shares in issue. 

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular. 

- ENDS -

William Hemmings Aberdeen Asset Managers Limited	020 7463 6000
Jane Lewis Winterflood Investment Trusts	020 3100 0295

Winterflood Securities Limited, which is authorised and regulated in the UK by the Financial Services Authority, is, through its division Winterflood Investment Trusts, acting for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Winterflood Investment Trusts or for providing advice in relation to the contents of this announcement or any matter referred to herein.

 

END

 

 

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