Edinburgh Small Companies Trust plc
04 December 2006
Edinburgh Small Companies Trust plc
Tender Offer - update
Announcement of Tender Price and Warrant Tender Price
Further to the announcement made on 9 November 2006, the Board of Edinburgh
Small Companies Trust plc announces that the Tender Price, calculated as at the
Tender Offer Determination Date of 5 p.m. on 30 November 2006, in respect of the
32,629,217 Shares validly tendered under the Tender Offer is 115.9513p.
In relation to the Warrant Offer, the Warrant Tender Price in respect of the
117,791 Warrants validly tendered is 16.5938p.
Following approval by Shareholders on 14 August 2006 and confirmation by the
Court of Session on 22 November 2006, the amount standing to the credit of the
Company's capital redemption reserve has been cancelled and the credit arising
has been applied to a distributable reserve able to be used in order to
implement the Tender Offer and Warrant Offer.
It is expected that cheques in respect of Tender Offer and Warrant Offer
consideration will be despatched and that CREST accounts will be credited by 6
December 2006. Balancing Share and Warrant certificates will be sent during the
week commencing 11 December 2006.
Following implementation of the Tender Offer and Warrant Offer there will be
34,777,790 Shares in issue and 2,902,319 Warrants in issue.
Enquiries
Gordon Humphries
Standard Life Investments
0131 245 2735
Nathan Brown/Jane Lewis
Winterflood Investment Trusts
020 7621 5572 / 020 7621 5521
Capitalised terms shall bear the same meanings given to them in the Company's
Circular dated 11 October 2006 unless the context otherwise requires
This information is provided by RNS
The company news service from the London Stock Exchange
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