Block Listing Application

RNS Number : 1012D

Chelverton Small Cos Div Trust PLC

26 January 2018

 

Chelverton Small Companies Dividend Trust PLC

LEI: 213800DAF47EJ2HT4P78

Block Listing Application

The Company has made an application to the UK Listing Authority for a block listing, for general business purposes, of 30,000,000 Ordinary Shares of 25 pence each ("Ordinary Shares") to be admitted to the Official List and to the London Stock Exchange for the Ordinary Shares to be admitted to trading on the Premium Segment of its Main Market ("Admission").

The 30,000,000 Ordinary Shares to be block listed may be issued pursuant to the Company's authority to issue shares under the Placing Programme set out in the Company's prospectus dated 24 November 2017. These Ordinary Shares may be issued inter alia to satisfy market demand and for the purposes of managing the premium to net asset value (cum income) per Ordinary Share at which the Ordinary Shares are trading. When issued, the new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue. It is expected that Admission will become effective on 29 January 2018.

Any Ordinary Shares issued pursuant to the block listing facility will be issued subject to the terms and conditions set out in the Company's prospectus dated 24 November 2017.

Terms used and not defined in this announcement bear the meaning given to them in the Prospectus dated 24 November 2017.

For further information please contact:

Chelverton Small Companies Dividend Trust PLC

William van Heesewijk

Chelverton Asset Management

[phone]

Stockdale Securities Limited

Robert Finlay / Owen Matthews

[phone]

 

END

 

 

ALSEQLFLVFFFBBL